The liberals’ Kim Kardashian con job to raise CA income taxes

Richard Rider, Chairman, San Diego Tax Fighters Undesignated 2 Comments

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In a new publicity campaign, liberals have decided to make the beautiful but smarmy Kim Kardashian their poster child for raising the state millionaires’ tax to over 15%. Their pitch is that currently CA millionaires pay only 1% higher income taxes than middle class CA taxpayers.

Granted, the CA MARGINAL tax bracket difference is sometimes 1% — 10.3% marginal rate over $1 million vs. the 9.3% marginal rate the upper middle class pays.

But in terms of percent of taxes paid, the spread is FAR larger. Sadly, given the fiscal innumeracy of the press, this left wing misrepresentation probably will be well received.

Below is a good WALL ST JOURNAL editorial on the topic. But even they missed the tax math involved. I didn’t. I cranked out the figures, taking into consideration the standard deduction and personal tax credits.

Here (in modified form) is what I posted as a comment under the article.

What a load of liberal hooey! The progressives’ claim that in California state income tax paid by the rich is “just 1% more” than the middle class (10.3% rich vs. 9.3% middle class) is utter nonsense.

A single CA taxpayer with no kids making $60,000 pays 5.0% of his income in CA income taxes, assuming just a standard deduction. If they made $80K, then they’d pay 6.1%. If they made $100K, they’d pay 6.8%, much less than the 9.3% tax the liberals claim the middle class pays.

But look at the family picture — a married couple with two dependent kids (the folks targeted by the liberals’ publicity campaign, no doubt). If they make $60K with no extra deductions, they pay only 0.8% of it in income tax.

Yes, that’s correct. 0.8%. $498.

If the couple makes $80K? 2.1%.

$100K? 3.3%.

As these figures demonstrate, the CA income tax — considering the rates, exemptions and tax credits — is EXTREMELY progressive. MANY other states charge more income tax than CA to people making less than $100K. It’s the “rich” that ALREADY get soaked in the Golden State.

My sources? The CA Franchise Tax Board.
https://www.ftb.ca.gov/online/Tax_Calculator/Calculator.aspx and
https://www.ftb.ca.gov/forms/2011_California_Tax_Rates_and_Exemptions.shtml

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Here’s the WALL ST JOURNAL editorial:

http://online.wsj.com/article/SB10001424052970203391104577122662666541538.html?mod=djemEditorialPage_h#articleTabs%3Darticle
DECEMBER 27, 2011

Taxing Kim Kardashian

Progressives don’t care about her sex tape. They do care that she makes so much money.

Poor Kim Kardashian. Well, poor may not be the right word. By all accounts—especially those she televises for her reality shows—Ms. Kardashian manages quite comfortably on her income. According to the New York Post, that includes as much as $17.9 million that she raked in for her well-publicized August wedding to NBA star Kris Humphries.

Public morality can be a tricky thing, however, and apparently Ms. Kardashian has now crossed a line.

It’s not her split from Mr. Humphries only 72 days after their wedding, which raised questions about whether the marriage was simply one big publicity stunt. Nor was it the earlier sex tape that earned her celebrity and riches. Only a prude would object to that.

No, Ms. Kardashian’s sin is this: She pays what she owes in state taxes under California law, instead of the much larger amount that some self-appointed advocacy group thinks she ought to be paying.

The organization is called Courage Campaign and its website reveals it to be a California mélange of activist groups and labor unions. In a video that presents Ms. Kardashian in some of her more conspicuously consumptive moments, Courage Campaign claims that while Ms. Kardashian made more than $12 million in 2010, she paid only one percentage point more in taxes (10.3%) than a middle-class Californian (9.3%).

“That’s not OK,” says Campaign Courage. And in their video, they get right to the point, calling on viewers to “Ask Kim to support the millionaires tax of 2012.” The reference is to a proposed California ballot initiative that would raise the top income-tax rate to 13.3% from 10.3% on income over $1 million—and to 15.3% on income above $2 million.

. . .

To see the rest of this thoughtful editorial, go to the link:

http://online.wsj.com/article/SB10001424052970203391104577122662666541538.html?mod=djemEditorialPage_h#articleTabs%3Darticle

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Comments 2

  1. California Liberals did not have any complaints about Kim
    Kardashian in the past, when she publicly endorsed their
    #1 Hero candidate! Did they think we had forgotten?

    “Celebrity endorsements hard to ignore.: Kim Kardashian
    has been snapped around Hollywood sporting OBAMA T-
    shirts (Newhouse News Service, April 20, 2008)….”Reality
    star Kim Kardashian wore an “OBAMA is my homeboy” T-
    shirt.” (Richmond Times Dispatch, April 8, 2008).

    So NOW who is the Party of Greed?

    Look into that Mirror right over there, Hypocrites !

  2. According to my tax return – my effective rate paid to the Golden State was 9.6% Between State, Federal, sales tax, gas tax, property tax, the numerous fees on my utility bills, etc., etc. What would really be interesting is to know what % of our income is really ours to keep – say based on an income of $60K a year.

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