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PostPosted: Mon Nov 16, 2015 12:55 pm    Post subject: 1111 Reply with quote

PeakTrader:

"The share of income taxes paid by the top 1 percent increased in 2012 partly as a result of Proposition 30, which temporarily raises tax rates on single filersí income above $250,000 a year and joint filersí income above $500,000 a year. The top 1 percent of California resident income tax filers paid just over 50 percent of overall PIT revenues in 2012, which appears to be an all-time high."

http://www.lao.ca.gov/LAOEconTax/Article/Detail/7

My comment: Also, taxes and regulations are "crushing" the "middle class" in California.

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