4 ms·
What do you mean? California has an 11% top marginal income tax bracket - most of my income was in that bracket when I worked there. Add to that fairly high loc
by Schiendelman 6y ago
What do you mean? California has an 11% top marginal income tax bracket - most of my income was in that bracket when I worked there. Add to that fairly high local sales taxes, and property taxes for the new (high income) residents as well as the commercial properties where they work.
- one2know 6y agoRich people only pay long term capital gains. Bezos salary is like $79k. Others have income of $1.
- chrisco255 6y agoI assure you Bezos pays sales tax and property tax on all the buildings he owns. The state of Washington doesn't even have an income tax.
- vonmoltke 6y agoWe're talking about state taxation. I don't know how California works, but New Jersey has no concept of "capital gains". It's all income.