5 ms·
That point was reached many years ago. Here's some information: https://lao.ca.gov/LAOEconTax/Article/Detail/265 https://lao.ca.gov/LAOEconTax/Article/Detail/2
by nathanaldensr 6y ago
That point was reached many years ago. Here's some information:
https://lao.ca.gov/LAOEconTax/Article/Detail/265 https://lao.ca.gov/LAOEconTax/Article/Detail/265
- LanguageGamer 6y agoThis shows that wealthier people are moving to California, while middle and lower income people are leaving (People with an income lower than 110k a year).
- cbhl 6y agoThat's due to rent, not taxes, though, right? A tax impacting the top 0.5% of earners would maybe cause someone to move a corporate HQ out-of-state. That said, based on how SF's Prop C (2018) went, billionaires disagree on whether or not paying more taxes is fair.