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That's the downside of depending on regressive income taxes instead of taxing assets, capital gains, dividends, etc sufficiently.
by heavyset_go 1y ago
That'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.