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Uh? Where did you get that comparison? China's top income tax rate is 45%. I cannot see how that could ever be "far below" what someone's income tax rate would

Uh? Where did you get that comparison? China's top income tax rate is 45%. I cannot see how that could ever be "far below" what someone's income tax rate would be in California (37% federal + 12.3% state). Mind that the top bracket starts around $140k in China, whereas in the US it's about $590k (federal or Californian).

yieldcrv 3y ago
yeah so we need a new category for California since they set thenselves up to seize more of the means of production than the communists/state capital socialists