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Right, the taxation mechanism is typical, but it's the amount that's onerous. CA has the highest state income tax rate in the nation. If states are going to tax
by cookiecaper 7y ago
Right, the taxation mechanism is typical, but it's the amount that's onerous. CA has the highest state income tax rate in the nation. If states are going to tax capital gains as income anyway, it's all the more reason to move to a state with low or non-existent state income tax.