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California already has a 1% income tax allocated just to mental health, and has collected $7.4 billion so far just from this tax[0]. How is that working? [0] h
by settrans 5y ago
California already has a 1% income tax allocated just to mental health, and has collected $7.4 billion so far just from this tax[0]. How is that working?
[0] https://en.wikipedia.org/wiki/California_Mental_Health_Services_Act https://en.wikipedia.org/wiki/California_Mental_Health_Servi...
- rubicon33 5y agoOur government, either through corruption or incompetence, can somehow manage to spend billions in tax payer dollars with very little to show for it. When I advocate for something like a mental health program, it assumes a government which is functional enough to actually implement it. What we currently have here in CA couldn't be further from that.
- imtringued 5y agoThey should get rid of that income tax and tax land more.
- settrans 5y agoCorrecting myself: California has corrected $7.4 billion _as of 2011_, after only six years of operation. Note that the tax is not indexed to inflation: already, the million-dollar threshold is worth only $715k in 2005 dollars. After another ~17 years at 2% inflation, the same tax will be charged on earners of $500k+ in 2005 dollars.