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These taxes reach far below the 90th percentile line here. Also, money is not worth the same amount here as it is in other states. You may as well be comparin
by hedora 2y ago
These taxes reach far below the 90th percentile line here.
Also, money is not worth the same amount here as it is in other states. You may as well be comparing British Pounds and US Dollars without applying an exchange rate (except that the gap between the dollar and pound is currently smaller than the gap between US dollar in California, and, say, Arizona).
- silverquiet 2y ago> money is not worth the same amount here as it is in other states One of the problems of wealth no doubt, but I am still bereft of tears for them. Imagine trying to make due with the merely the median household income in such a rich state, and not even getting the odd million dollar windfall once in awhile. And then realize that half of households must make due with less than that.
- phone8675309 2y agoThe people who live in CA and are in the 90th percentile are making more money to compensate for it being a high cost of living area, so it all comes out in the wash.
- jncfhnb 2y agoAn income of 1,000,000 is well above the 99th percentile of household income in California.