CA Taxes Too High to Invest or Live Here. Just ask Phil Mickelson, Tiger Woods and Intel
In the last election, CA voters voted to enact a retroactive tax hike of an additional 3.0% on its richest citizens for all of 2012. Those "only" making $250,000 a year will "only" have to pay an additional 1.0% for a total rate of 10.3% on ALL income (earned and capital gains are taxed at the same rate in Taxifornia.) We also raised our sales taxes so I now pay 8.625% in Santa Clara county.
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