4 ms·
GP is obviously referring to the combined fed + state rate in context.
by usaar333 7y ago
GP is obviously referring to the combined fed + state rate in context.
- triceratops 7y ago1. It's not obvious at all. 2. It's slightly disingenuous to call it "California's marginal tax rate" when 2/3 of that figure comes from federal taxes. It's like saying "Texas's marginal tax rate is 37%". 3. The SALT deduction changes have made it so that residents of states with high taxes are effectively double-taxed. California isn't responsible for this state of affairs.