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

[Desperado]

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

 

[Politico]

Cool.

 

[OohPooPahDoo]

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

So what?

 

[Meathead]

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

 

[Avatar4321]

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

 

[OohPooPahDoo]

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

Yeah the rich are going to leave New York City sure thing.

 

[theDoctorisIn]

It amazes me how people can't seem to understand marginal tax rates.

 

[TheGreatGatsby]

It amazes me how people can't seem to understand marginal tax rates.

How about you explain them so we can all have a laugh.

 

[theDoctorisIn]

It amazes me how people can't seem to understand marginal tax rates.

How about you explain them so we can all have a laugh.

Tax rate - Wikipedia, the free encyclopedia

 

[Political Junky]

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.

 

[ShaklesOfBigGov]

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

The state of California already ranks the highest over any other, with regards to various state and corporate taxes ..... yet dispite this ideological "belief" from liberal Democrats in the state that this will somehow create more "revenue", California still holds a record $617.6 BILLION in debt. This figure alone more than doubles that of New York, which holds the number two slot at $300.1 Billion. So if higher taxes on the wealthiest Americans (no shortages there with Hollywood and all it's rich actors, or the wealth of technology found through Silicon Valley) are the answer to solving an overwhelming debt problem, why didn't it work for California?

 

[TheGreatGatsby]

It amazes me how people can't seem to understand marginal tax rates.

How about you explain them so we can all have a laugh.

Tax rate - Wikipedia, the free encyclopedia

Give me a recap of whatever your point is brah.

 

[auditor0007]

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

The state of California already ranks the highest over any other, with regards to various state and corporate taxes ..... yet dispite this ideological "belief" from liberal Democrats in the state that this will somehow create more "revenue", California still holds a record $617.6 BILLION in debt. This figure alone more than doubles that of New York, which holds the number two slot at $300.1 Billion. So if higher taxes on the wealthiest Americans (no shortages there with Hollywood and all it's rich actors, or the wealth of technology found through Silicon Valley) are the answer to solving an overwhelming debt problem, why didn't it work for California?

Just my thought, but I imagine California probably has the largest black market in America. There are way too many illegals not paying into the system but sucking it dry. Some type of immigration reform could correct this.

 

[MeBelle]

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

The state of California already ranks the highest over any other, with regards to various state and corporate taxes ..... yet dispite this ideological "belief" from liberal Democrats in the state that this will somehow create more "revenue", California still holds a record $617.6 BILLION in debt. This figure alone more than doubles that of New York, which holds the number two slot at $300.1 Billion. So if higher taxes on the wealthiest Americans (no shortages there with Hollywood and all it's rich actors, or the wealth of technology found through Silicon Valley) are the answer to solving an overwhelming debt problem, why didn't it work for California?

A: CalPers, holding all municipalities hostage.