4 ms·
Am I crazy or reading the wrong info or are you being hyperbolic when you say California has "insane" income taxes? As an example, the effective rate when maki
by tills13 1y ago
Am I crazy or reading the wrong info or are you being hyperbolic when you say California has "insane" income taxes?
As an example, the effective rate when making $200k is 25% including federal taxes. That's great. You get to live in a productive and supportive society. The only issue I see is that housing is expensive and $150k, as much as it can support a comfortable lifestyle, would be insufficient to ALSO buy a home. But what we're talking about here is a separate issue from housing.
(your state taxes when making $100k would only be $2k, to preempt that retort)
- nicholasbraker 1y agoDamn, only 25%? Luxury!
- hylaride 1y agoThe tone around "high taxes" are set by the uber-rich. Hilariously, most of them borrow against their shares to fund their lifestyles (where the interest is tax-deductible!) if they're even still resident in CA. That being said, California is an ungovernable mess where state-constitutional amendments dictate a huge percentage of taxation and spending. It'd otherwise be a great place to live if real estate prices were somehow brought into line, but alas...
- wonderwonder 1y agoI feel like the Canadian style "just let it happen" approach to crime is a bit of a negative as well
- deleted 1y ago[deleted]