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Speaking for myself, I was glad to escape California. Not only because of real estate, but also because of taxation. A top marginal state tax rate of 13.3%?

Speaking for myself, I was glad to escape California. Not only because of real estate, but also because of taxation. A top marginal state tax rate of 13.3%? OUCH!

dxhdr 8y ago
Plus a 9.5% / 10.25% sales tax rate if you're fortunate enough to live in LA or Santa Monica. I believe SF is around there as well.
- avmich 8y ago
  So now we need to compare different apples with different apples again, avoiding comparison of different apples with same oranges?
georgewfraser 8y ago
California's total tax burden is 9.5% of income; the median state is Kansas at 8.5% [1]. I was surprised the difference is so small; is there something not captured by these stats? [1] https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/ https://wallethub.com/edu/states-with-highest-lowest-tax-bur...
- dahdum 8y ago
  Inequality isn’t captured, CA relies more heavily on the top earners to fund the budget.
  - dragonwriter 8y ago
    > Inequality isn’t captured, CA relies more heavily on the top earners to fund the budget. Because of the high reliance on regressive parcel taxes on property (because of Prop 13 limits on ad valorem property taxes that doesn't effect parcel taxes) and regressive sales taxes combined with progressive income tax, California state and local taxes are, in net, regressive at the low end and progressive at the high end; most other groups below the top 1% pay less, proportionately, in taxes than the bottom 20%. https://itep.org/whopays/california/ https://itep.org/whopays/california/
Pfhreak 8y ago
That seems.... reasonable to me? (As someone who is in a fairly high tax bracket and who wishes our local taxes were higher on folks like me so we had better services.)
- abecedarius 8y ago
  It’s much higher than even the second highest, NY.
- ap3 8y ago
  Is there a way you can donate your excess cash to fund the services improvements you want? Would be cool if you could voluntarily fund specific services (schools/homeless) and lower the tax burden on others
intopieces 8y ago
Higher salaries make up for higher taxes. That number you see in your pay statement before taxes was never going to be yours.

Speaking for myself, I was glad to escape California. Not only because of real estate, but also because of taxation. A top marginal state tax rate of 13.3%? OUCH!

dxhdr 8y ago

Plus a 9.5% / 10.25% sales tax rate if you're fortunate enough to live in LA or Santa Monica. I believe SF is around there as well.

avmich 8y ago
So now we need to compare different apples with different apples again, avoiding comparison of different apples with same oranges?

georgewfraser 8y ago

California's total tax burden is 9.5% of income; the median state is Kansas at 8.5% [1]. I was surprised the difference is so small; is there something not captured by these stats? [1] https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494/ https://wallethub.com/edu/states-with-highest-lowest-tax-bur...

dahdum 8y ago
Inequality isn’t captured, CA relies more heavily on the top earners to fund the budget.
- dragonwriter 8y ago
  > Inequality isn’t captured, CA relies more heavily on the top earners to fund the budget. Because of the high reliance on regressive parcel taxes on property (because of Prop 13 limits on ad valorem property taxes that doesn't effect parcel taxes) and regressive sales taxes combined with progressive income tax, California state and local taxes are, in net, regressive at the low end and progressive at the high end; most other groups below the top 1% pay less, proportionately, in taxes than the bottom 20%. https://itep.org/whopays/california/ https://itep.org/whopays/california/

Pfhreak 8y ago

That seems.... reasonable to me? (As someone who is in a fairly high tax bracket and who wishes our local taxes were higher on folks like me so we had better services.)

abecedarius 8y ago
It’s much higher than even the second highest, NY.
ap3 8y ago
Is there a way you can donate your excess cash to fund the services improvements you want? Would be cool if you could voluntarily fund specific services (schools/homeless) and lower the tax burden on others

intopieces 8y ago

Higher salaries make up for higher taxes. That number you see in your pay statement before taxes was never going to be yours.