CA vs. the Other States — Revised 1/18/13
Breaking Bad: California vs. the Other States
by Richard Rider – Chairman, San Diego Tax Fighters
Revised: 18 January, 2013
Updated version online at: http://www.tinyurl.com/CA-vs-other-states
Rider Blog: www.RiderRants.BlogSpot.com
Facebook “blog” page: http://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 second 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 “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 second highest state (Hawaii), 34% higher than the third 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 second highest state income tax bracket. AND the third. Plus the fifth and seventh.