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Re:Tax hike on California millionaires would create 54% tax ... by shuckles on Friday July 31, 2020 @02:27PM (#24011930)
I’ve always observed that California has European tax rates on income. Is there a good understanding of why the outcomes are worse? I could imagine:

- Ineffective spending

- Lower taxes on wealth (i.e. non-income)

- Higher taxes on consumption

- Higher taxes in Europe on employers (i.e. non-personal income)

- Higher taxes on capital income

Do people have good resources to understand the relative source of discrepancy?

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