Re:New York, California Lose Firms Managing an Estimated $2T...
by onlyrealcuzzo on Friday August 25, 2023 @12:56PM
(#37264072)
> the loss of high-income taxpayers
California state revenue is ~66% income tax.
Don't have resources for what percentage of that comes from the top 1%, but it's likely more skewed than at the Federal level, which is ~45% of income tax.
It's almost as if Prop 13 wasn't a genius idea, and it's starting to come back to bite the state.
California state revenue is ~66% income tax.
Don't have resources for what percentage of that comes from the top 1%, but it's likely more skewed than at the Federal level, which is ~45% of income tax.
It's almost as if Prop 13 wasn't a genius idea, and it's starting to come back to bite the state.