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>Progressive demands will then mount to raise taxes again on high earners, as Democrats did in 2012. Except voters in the state just soundly rejected a proposi
by PopAlongKid 4y ago
>Progressive demands will then mount to raise taxes again on high earners, as Democrats did in 2012.
Except voters in the state just soundly rejected a proposition to fund some electric conversions by taxes on the top earners.
California's top 3 marginal income tax rates are also temporary, although one could argue they will likely be extended or made permanent at some point.
"Three temporary rates – 10.3 percent, 11.3 percent, and 12.3percent. These
rates will be repealed on December 1, 2031 and would no longer apply to
taxable years on or after January 2031 "