California sales taxes collection drop 50.9%, income taxes 43.6%

Re:California sales taxes collection drop 50.9%, income taxe... by jibiki on Friday May 08, 2009 @07:10PM (#600435)

I thought CA's top bracket was $47,000+...?

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Re:California sales taxes collection drop 50.9%, income taxe... by anamax on Saturday May 09, 2009 @01:23AM (#600741)

There's a "The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000." and there are all sorts of phaseouts that effectively create brackets above the supposed top bracket.

http://www.ftb.ca.gov/forms/catxrate_exmpt07.shtml

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