3 ms·
California’s economy feels like it’s running on tech companies at this point. Any downturn in their hiring has really big effects on the California state budget
by vondur 1y ago
California’s economy feels like it’s running on tech companies at this point. Any downturn in their hiring has really big effects on the California state budget.
- heavyset_go 1y agoThat's the downside of depending on regressive income taxes instead of taxing assets, capital gains, dividends, etc sufficiently.
- vondur 1y agoI think California had the highest capital gains tax in the US.
- wskinner 1y agoCalifornia has the most progressive taxation scheme of any state. Dividends and capital gains are taxed as income. I’m curious what you would consider “sufficient” taxation - the top marginal combined rate for a Californian is over 50%.
- Ericson2314 1y agoWhat it needs is more property tax aga, or better yet, land value tax.