(Total Views: 98)
Posted On: 01/28/2021 10:40:05 PM
Post# of 127080
Tax hike on California millionaires would create 54% tax rate
California's top marginal tax rate is 13.3%. The new proposal would add three new surcharges on seven-figure earners. It would add a 1% surcharge to gross income of more than $1 million, 3% on income over $2 million and 3.5% on income above $5 million
California's top marginal tax rate is 13.3%. The new proposal would add three new surcharges on seven-figure earners. It would add a 1% surcharge to gross income of more than $1 million, 3% on income over $2 million and 3.5% on income above $5 million
(0)
(0)
