Atomic Bob's Stock Forum - The Golden Thread

January 15, 2014

It's okay, the 1 percent only pays 41 percent of California's income taxes. And half the state pays no income tax at all. No one will even notice they're gone.

Prop. 30, approved by voters in November 2012, raised state income taxes retroactively to Jan. 1, 2012, on singles making more than $250,000 and married couples making $500,000. It raised rates by one, two or three percentage points through 2018, bringing the top rate on incomes above $1 million to 13.3 percent, the highest in the nation.

(Article does continue. Zim.)

Mad Poet Strikes Again.

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