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by bluekeybox
4692 days ago
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I moved to SF from Boston. The taxes in California are sky-high compared to most other states. Yet the environment (other than the weather, that is) is significantly worse. One has to wonder where all the public money is going. |
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CA state income tax rates are up to 7.3% higher than AL's, BUT AL's maximum tax bracket is 5% of any taxable income over $3k. CA's maximum tax bracket is 12.3% of any income over $500k. If you're making $38k (or maybe $48k) or less, you're better off, tax-wise to be in CA. The 6% CA bracket starts at $27,897. [0][1]
[0] http://revenue.alabama.gov/incometax/itfaq01.cfm (Search for "income tax rates")
[1] https://www.ftb.ca.gov/forms/2012_california_tax_rates_and_e... (Search for "tax rate schedules")