4 ms·
> A person who makes $50k in CA with a 10% income tax, and a $1M valued home @ 1% tax, pays $20k in taxes each year, which is 20% of their income. A person in
by umeshunni 4y ago
> A person who makes $50k in CA with a 10% income tax, and a $1M valued home @ 1% tax, pays $20k in taxes each year, which is 20% of their income.
A person in CA a 50k income will not pay a 10% income tax OR usually own a $1M valued home.