5 ms·

I imagine two SE incomes would result in ~50% marginal tax rate in CA if not AMT. Wouldn't it reduce the incentive?

• downrightmike 5y ago
  No, because no one every said no thanks to winning the lottery because they didn't want to pay taxes on the winnings. and taxes are graduated.
  • shaftway 5y ago
    You're partially right, but at the income level we're talking about the taxes aren't any more graduated. I'd expect someone with these incomes to be in the highest tax grade, and the marginal rate at this point is 41-43%, between federal and state in CA.
    • throwoutway 5y ago
      Many talented engineers do not live, nor want to live, in California
      • downrightmike 5y ago
        The coasts are crazy, the people in the 20th century just dumped all kinds of really toxic chemicals and nuclear waste, I was surprised about just how much nuclear waste is in the waters around California . https://www.wsj.com/articles/SB10001424052702304773104579268563658319196 https://www.wsj.com/articles/SB10001424052702304773104579268...