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High wage earners will see triple tax hit in 2013

Posted By -NO AUTHOR- On 01/09/2013 @ 11:48 pm In Money,U.S. | No Comments

(North County Times) The federal “fiscal cliff” deal.

President Barack Obama’s health care overhaul.

Gov. Jerry Brown’s sales and income tax initiative.

That triumvirate of tax increases is kicking in for the state’s highest earners. Beginning this year — and in some cases retroactive to last — the wealthiest among us will see a greater share of their compensation captured not only by the federal government as a means of averting the fiscal cliff and funding health care reform but also as an antidote to the state’s long-running budget morass.


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