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I don't believe sales tax or income tax rates have changed substantially in the 20 years I've lived in CA. Perhaps 1 percentage point increase in sales tax in
by rconti 7y ago
I don't believe sales tax or income tax rates have changed substantially in the 20 years I've lived in CA.
Perhaps 1 percentage point increase in sales tax in that time. The top income tax rate for "normal" folks has been, I believe, 9.3%, although there was an additional 1% tax on incomes over $1M added sometimes in the past few years.
A quick search didn't turn up much in the way of useful historical charts, but it sounds like your post is more politics-based than economics-based. I'd welcome better data, I might well be wrong here.
- ericd 7y agoIIRC the top income tax rate is 13.3%. I think sales tax is 9% but not sure how much that varies between locales.
- rconti 7y agoAh yes, this might be the change I was thinking of, in 2013: pre-2013: 9.3% marginal rate from $49k to $500k, then to 10.3% over $500k. post-2013: additional 1 percentage point at the $250-300k, another 1 percentage 300k-1m, and then a 3rd additional 1 percentage point over $1m. So the top rate is 13.3% up from 10.3%; with a tiered increase in the 9.3% rate to 10.3 and 11.3% depending on income. http://www.newhallstudios.com/images-lib/CA-taxes/California_Income_Tax_Rates_2013_01_621x438.gif http://www.newhallstudios.com/images-lib/CA-taxes/California...
- ericd 7y agoOh interesting, didn't realize it had been bumped like that in 2013.
- robomartin 7y agoI’m still my phone, hard to type a detailed response to your fair question. Was this a political post on my part? Well, taxes and politics are too intertwined. I don’t think even I can make that distinction. Taxes in CA have been getting out of hand for a long time. For example, we (LA County) now have a new tax on every square foot of a property that does not allow rain to hit soil. For home owners it’s hundreds of dollars per year. For businesses, thousands to tens of thousands. You pay for your home, driveway, entrance path, patio cover, concrete patio, pool, carport, garage, barn, etc. Home Depot pays for their entire building and parking lot. Just insane. Let’s take another one: I’ve been paying taxes on every gallon of gasoline for road maintenance for over thirty years. Our roads are an absolute disgrace. They slapped on yet more taxes recently to “fix” them. So, they tax everyone for decades, don’t do their jobs, hand out ridiculous pensions and benefits and then ask for more money. This is insane. Political? Well, if it isn’t it means over thirty years of absolute incompetence and possibly even criminal behavior on the part of various agencies. And the solution to both is political. So, yeah, I think you are right, it is.