5 ms·

>highest-in-the-nation 13.3% income tax rate That sounds very comfortable and affordable

scarejunba 8y ago
Broseph, they're paying 28% via federal as well, and social security and Medicare. If it were only 13% marginal that would be whoop-for-joy low.
- jlrubin 8y ago
  (In case you're wondering -- you're likely being downvoted for calling the parent 'Broseph' -- it's a bit of a pejorative, which is uncalled for in HN's mostly civil discourse)
  - mav3rick 8y ago
    I thought it was funny. Why do people get upset so easily.
    - justAnotherNET 8y ago
      Lifelong exposure to petrochemical derived endocrine disruptors causing low-T, on a societal scale.
    - jlrubin 8y ago
      Don't shoot the messenger!
    - shard972 8y ago
      Yea i don't get it either, I have heard broseph used in a friendly way between mostly lower-middle class people in Australia.
      - diN0bot 8y ago
        who are white men? it's weird to be called a white male name if you're not. not upsetting just presumptuous. what if people started calling you rachel in a friendly way? sure it's friend... still feels weird and out of place... and ultimately unnecessary if you're actually trying to be friendly.
        mav3rick 8y ago
        These are people posting here not robots.
    - jagannathtech 8y ago
      Welcome to 2019
  - matz1 8y ago
    Or simply you can ignore the downvote.
  - anonytrary 8y ago
    This is gatekeeping at best. Pejoratives are fine on HN as long as they're accompanied with something of substance. Comments like "bro this is dumb" are in a whole different class than comments like "bro here's how it works: <actual information>". Downvoting something of substance on HN because you dislike informal jargon is really silly if you think about it. I'd like to think he got downvoted because his information was wrong (which it might be, I'm not sure, as I am not an authority on taxes).
    - jlrubin 8y ago
      From the guidelines https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html : Be civil. Don't say things you wouldn't say face-to-face. Don't be snarky. Comments should get more civil and substantive, not less, as a topic gets more divisive. When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." I'm not really sure what 'gatekeeping' is in this context, but I think that it is closest to calling names/snarky. For what it's worth, the tax information is more or less accurate to the best of my knowledge.
      - anonytrary 8y ago
        > "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." Alright, you got me, they do say that in the rules after all. But, I still don't think "broseph" is bad. People call each other bro(seph) in real life all the time and it's usually a synonym for "dude", "hey", "listen". I'd say OP was going for a funny comment rather than a derisive one.
  - scarejunba 8y ago
    Huh, I’ve only ever used it as a friendly “dude...” equivalent. Well, TIL. Thanks for the info.
fromthestart 8y ago
That's state tax, which is paid in addition to federal (nationwide) tax. Some states, like Texas, have no state income tax.
- tehlike 8y ago
  And no more salt deduction. Almost.
- carlivar 8y ago
  And the states without income tax usually make it up somewhere. I believe with Texas it means higher property taxes (California's are quite strictly limited thanks to the notorious Prop 13).
  - rch 8y ago
    Texas also gets 36% of its tax revenue from sales tax: https://taxfoundation.org/sales-taxes-percent-collections/ https://taxfoundation.org/sales-taxes-percent-collections/
- muzz 8y ago
  That's state income tax on your second million and above in a given year. The rate on your first million every year is less. Like first-world problems, I guess the tax rate on income over $1MM/yr can be called a California problem.
  - leereeves 8y ago
    > The rate on your first million every year is less. Not much less. It works out to 10.8%, according to CA's tax calculator. https://webapp.ftb.ca.gov/taxcalc/calculator.aspx?Submit=2018+Tax+Calculator&Lang=english https://webapp.ftb.ca.gov/taxcalc/calculator.aspx?Submit=201...
nrb 8y ago
Furthermore, the 7.1% (31-44k), 8.1% (44-56k), and 10.4% (56-286k) rates seem pretty excessive when those rates could be made significantly more progressive if a new bracket between 150k and 286k were created at a decently higher marginal rate, giving these 31-150k people much more productive dollars (these dollars will immediately be put back into the economy in the larger CA cities). The very reasonable argument questioning this 13.3% top-level rate is: do the outcomes match the investment?

Broseph, they're paying 28% via federal as well, and social security and Medicare. If it were only 13% marginal that would be whoop-for-joy low.

jlrubin 8y ago
(In case you're wondering -- you're likely being downvoted for calling the parent 'Broseph' -- it's a bit of a pejorative, which is uncalled for in HN's mostly civil discourse)
- mav3rick 8y ago
  I thought it was funny. Why do people get upset so easily.
  - justAnotherNET 8y ago
    Lifelong exposure to petrochemical derived endocrine disruptors causing low-T, on a societal scale.
  - jlrubin 8y ago
    Don't shoot the messenger!
  - shard972 8y ago
    Yea i don't get it either, I have heard broseph used in a friendly way between mostly lower-middle class people in Australia.
    - diN0bot 8y ago
      who are white men? it's weird to be called a white male name if you're not. not upsetting just presumptuous. what if people started calling you rachel in a friendly way? sure it's friend... still feels weird and out of place... and ultimately unnecessary if you're actually trying to be friendly.
      - mav3rick 8y ago
        These are people posting here not robots.
  - jagannathtech 8y ago
    Welcome to 2019
- matz1 8y ago
  Or simply you can ignore the downvote.
- anonytrary 8y ago
  This is gatekeeping at best. Pejoratives are fine on HN as long as they're accompanied with something of substance. Comments like "bro this is dumb" are in a whole different class than comments like "bro here's how it works: <actual information>". Downvoting something of substance on HN because you dislike informal jargon is really silly if you think about it. I'd like to think he got downvoted because his information was wrong (which it might be, I'm not sure, as I am not an authority on taxes).
  - jlrubin 8y ago
    From the guidelines https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html : Be civil. Don't say things you wouldn't say face-to-face. Don't be snarky. Comments should get more civil and substantive, not less, as a topic gets more divisive. When disagreeing, please reply to the argument instead of calling names. "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." I'm not really sure what 'gatekeeping' is in this context, but I think that it is closest to calling names/snarky. For what it's worth, the tax information is more or less accurate to the best of my knowledge.
    - anonytrary 8y ago
      > "That is idiotic; 1 + 1 is 2, not 3" can be shortened to "1 + 1 is 2, not 3." Alright, you got me, they do say that in the rules after all. But, I still don't think "broseph" is bad. People call each other bro(seph) in real life all the time and it's usually a synonym for "dude", "hey", "listen". I'd say OP was going for a funny comment rather than a derisive one.
- scarejunba 8y ago
  Huh, I’ve only ever used it as a friendly “dude...” equivalent. Well, TIL. Thanks for the info.

fromthestart 8y ago

That's state tax, which is paid in addition to federal (nationwide) tax. Some states, like Texas, have no state income tax.

tehlike 8y ago
And no more salt deduction. Almost.
carlivar 8y ago
And the states without income tax usually make it up somewhere. I believe with Texas it means higher property taxes (California's are quite strictly limited thanks to the notorious Prop 13).
- rch 8y ago
  Texas also gets 36% of its tax revenue from sales tax: https://taxfoundation.org/sales-taxes-percent-collections/ https://taxfoundation.org/sales-taxes-percent-collections/
muzz 8y ago
That's state income tax on your second million and above in a given year. The rate on your first million every year is less. Like first-world problems, I guess the tax rate on income over $1MM/yr can be called a California problem.
- leereeves 8y ago
  > The rate on your first million every year is less. Not much less. It works out to 10.8%, according to CA's tax calculator. https://webapp.ftb.ca.gov/taxcalc/calculator.aspx?Submit=2018+Tax+Calculator&Lang=english https://webapp.ftb.ca.gov/taxcalc/calculator.aspx?Submit=201...

nrb 8y ago

Furthermore, the 7.1% (31-44k), 8.1% (44-56k), and 10.4% (56-286k) rates seem pretty excessive when those rates could be made significantly more progressive if a new bracket between 150k and 286k were created at a decently higher marginal rate, giving these 31-150k people much more productive dollars (these dollars will immediately be put back into the economy in the larger CA cities). The very reasonable argument questioning this 13.3% top-level rate is: do the outcomes match the investment?