Income tax will exceed 50% in California, Hawaii, and New York City

Discussion in 'Politics' started by Desperado, Dec 5, 2012.

  1. Desperado
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    Desperado Gold Member

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    Let me be the first to welcome Californians, Hawaiins, and New Yorkers looking to escape the 50%+ State Income Tax rip off of your current state to the State of Florida........ Not only do we have great weather, we do not have a state Income tax.
    See you Soon!


    Income tax will exceed 50% in California, Hawaii, and New York City... Developing...

    High-income Californians may pay nation's highest tax rate

    Thanks to passage of Proposition 30 last month, high-income Californians would pay the nation's highest marginal income tax rates -- nearly 52 percent -- if President Barack Obama and Congress fail to make a deal to avoid the so-called "fiscal cliff," according to a new study.

    Without a fiscal cliff deal to the contrary, the Bush era tax cuts on high-income taxpayers would expire next year and rates would return to their previous levels.

    Read more here: http://blogs.sacbee.com/capitolaler...y-nations-highest-tax-rate.html#storylink=cpy
     
  2. Politico
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    Politico Gold Member

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    Cool.
     
  3. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    So what?
     
  4. Meathead
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    Meathead Gold Member

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    So a fool and his money are soon parted. The rich will leave for tax-haven states if they have a lick of sense.
     
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  5. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    You do realize as these radical liberals start leaving those states for your state, they are going to destroy your state as well, right?
     
  6. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    Yeah the rich are going to leave New York City sure thing.
     
  7. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    It amazes me how people can't seem to understand marginal tax rates.
     
  8. TheGreatGatsby
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    TheGreatGatsby Gold Member

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    How about you explain them so we can all have a laugh.
     
  9. theDoctorisIn
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    theDoctorisIn Senior Mod Staff Member Senior USMB Moderator

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    Tax rate - Wikipedia, the free encyclopedia
     
  10. Political Junky
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    Political Junky Gold Member

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    They figure all taxes paid, even those that are not income tax, but they won't count taxes paid by poor people other than income tax .. odd.
     
    Last edited: Dec 6, 2012

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