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by gunapologist99
862 days ago
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> So, yes, if you’re making millions per year in taxable income, California’s top rate is higher. But isn't that what "top rate" meant in the first place? It doesn't mean "median". Seems like you're moving the goal posts over a few percentage points. Whether it's 12% or 14.4%[0], it's very high. And at some point those very wealthy and highly mobile people start thinking, "maybe we should crunch the data and do what other wealthy people are doing: find a state with a more reasonable tax bite." 0. https://www.wsj.com/articles/gavin-newsoms-stealth-tax-incre... |
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If you want to accuse anyone of shifting goalposts, start with the people trying to portray the concerns of the top .1% as employee issues.