3 ms·
Imagine deciding to move because the tax bill on your $1,100,000 salary increased by $1,000. What a hardship.
by coldpie 6y ago
Imagine deciding to move because the tax bill on your $1,100,000 salary increased by $1,000. What a hardship.
- reducesuffering 6y agoThat's only the 1m - 2m segment, not the 2m+. Also, the last steep hike was 7 years ago. Many people will see the writing on the wall that taxes in CA are going to squeeze most of their marginal income.
- coldpie 6y agoIf I did my math right[1], the ones ""earning"" $2,100,000 will have to pay an extra $13,000. How will they survive? Golly. [1] (1,000,000 * 0.01 + 100,000 * 0.03 = 10,000 + 3,000 = $13,000)
- nickff 6y agoRich people know how a frog gets boiled... slowly.
- coldpie 6y agoI know! If we tax them too much, they'll have to... live like 98% of the country already does[1]. That's totally comparable to being killed. Good analogy. [1] Top 1% of earners are those above $750,000 https://www.investopedia.com/personal-finance/how-much-income-puts-you-top-1-5-10/ https://www.investopedia.com/personal-finance/how-much-incom...