Salient excerpt from my post-election CA fact sheet:
Prior to Prop 30 passing, CA already had the second worst state income tax in the nation. Currently our 9.3% tax bracket starts at $48,029 for people filing as individuals. Now our “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 (Oregon), and a heck of a lot higher than all the rest – including 7 states with zerostate income tax.
http://taxfoundation.org/sites/taxfoundation.org/files/docs/ff2012.pdf Tables #11 & 13
We are so bad, CA also has the second highest state income tax bracket. AND the third. And the fifth and seventh.
http://www.twitpic.com/9g2pka/full
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To see my latest post-election “Breaking Bad” fact sheet — updated factoids to ruin your day — go to my blog:
http://riderrants.blogspot.com/2012/11/ca-vs-other-49-states-revised-11812.html