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Prior to Prop 30 passing, CA already had the 2nd worst state income tax rate in the nation. Our 9.3% tax bracket started at $48,029 for people filing as individuals. 10.3% started at $1 million. Now our retroactive (to 1/1/2012) “millionaires’ tax” rate is 13.3% – including capital gains (CA total CG now the 2nd highest in the world). 10+% taxes now start at $250K. CA now has by far the nation’s highest state income tax rate. We are 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including 7 states with zero state income tax. CA is so bad, we also have the 2nd highest state income tax bracket. AND the 3rd. Plus the 5th and 7th.
Breaking Bad: California vs. the Other States by Richard Rider – Chairman, San Diego Tax Fighters Version 1.850 Revised: 28 February, 2013 Updated version online at: www.TinyURL.com/CA-vs-other-states Email: RRider92131@GMail.com Phone: 858-530-3027 Rider Blog: www.RiderRants.BlogSpot.com Facebook “blog” page: www.Facebook.com/Richard.Rider Here’s a depressing but documented comparison of California taxes and economic climate with the rest of the states. The news is breaking bad, and getting worse (at least twice a month, I update crucial data on this fact sheet): Prior to Prop 30 passing, CA already had the 2nd worst state income tax rate in the natio
Dorner was RIGHT about racism in the LAPD. But it's called "affirmative action," and is in fact racial PREFERENCE for blacks and other non-white minorities. This homicidal malcontent probably held his police job BECAUSE of his race rather than in spite of it. It's likely his superiors long ago noted is dangerous nature, but hesitated to fire him because of his race. Even though this reverse discrimination practice was banned by California's Prop 209, it is still widely practiced across the state in local agencies of every type. I wonder -- How much sympathy would a homicidal WHITE ex-cop get from liberals -- claiming racism, writing the same manifesto and committing the same heinous acts? Of course, the question answers itself.
Rizzo, the former City Manager of Bell, California (a low income city of 38,000 gullible souls), was set to retire with an astonishing $700,000 pension (he's in jail now). He had already purchased a racing horse ranch/home in Washington state as his final stomping ground -- an income tax-free jurisdiction.
These are not likely the welfare kings and queens departing. They are the young, the educated, the productive, the ambitious, the wealthy (such as Tiger Woods) – and retirees seeking to make their pensions provide more bang for the buck. Too often these departing seniors are retired state and local government employees fleeing the state that provides them with their opulent pensions – in order to avoid the high taxes that these same employees pushed so hard through their unions. And once they move out of California, our state can no longer tax their California-paid pensions.
Consider California’s net domestic migration (migration between states). From 2000 through 2009, California lost a NET 1.5 million people. Net departures slowed in 2008 only because people couldn’t sell their homes. But more people still leave each year -- in 2011 we lost about 100,000 net people to domestic out-migration. Again, note that this is NET loss. http://www.newgeography.com/content/002585-new-census-data-reaffirms-dominance-south and http://tinyurl.com/2011-CA-migration
FINALLY! A solution to California's budget problems! It's simple. Each November, pass a massive 30% RETROACTIVE income tax increase on the wealthy. After all, what could go wrong?
Here's a little known fact -- the California income tax is quite LOW. For some. If you have a spouse and two minor kids, no deductions and a $50,000 income, you pay $73 state income tax. If you make $40,000, you get credits back-- you pay LESS than zero income tax. Net result? Like the federal income tax, over 40% of Californians pay little or no state income tax. They LOVE the income tax. And that's way they could be so easily gulled into raising taxes on the hated rich. BTW, the tax increase on the rich in CA starts zooming up at $250K, jumps again at $500K and hits the 13.3% peak at $1 million. We DESPISE rich people in the "Golden State." Not going to go well for anyone in my state -- but may very well aid YOUR state.
Prior to Prop 30 passing, CA already had the 2nd worst state income tax rate in the nation. Our 9.3% tax bracket started at $48,029 for people filing as individuals. 10.3% starting at $1 million. Now our retroactive (to 1/1/2012) “millionaires’ tax” rate is 13.3% – including capital gains. Increased taxes now start at $250K. CA now has by far the nation’s highest state income tax rate. We are 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including 7 states with zero state income tax. CA is so bad, we also have the 2nd highest state income tax bracket. AND the 3rd. Plus the 5th and 7th. http://taxfoundation.org/sites/taxfoundation.org/fi
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