Uh, yeah, the thing about the weed legalization? Not gonna fly. The federal government can technically overturn it and generally have.
Meanwhile in California, I'm disgusted with this state. Proposition 30 passed because the governor and unions, which have too much fucking power, ran a fear campaign. He pretty much said if we did not pass his tax increase he would strip more cheddar from education instead of, you know, anything else like maybe the four billion dollar bullet train to nowhere. So now our minimum state sales tax, which is already the highest in the country, is going from 7.25% to 7.5%. Thing is the cities add in their own tax, so where I live it's now 8.5% sales tax and some cities can reach 9.75%. Oh, and the income tax now? Well I'll just quote Ballotpedia.
Quote:
Creates four high-income tax brackets for taxpayers with taxable incomes exceeding $250,000, $300,000, $500,000 and $1,000,000. This increased tax will be in effect for 7 years.
Imposes a 10.3% tax rate on taxable income over $250,000 but less than $300,000--a percentage increase of 10.6% over current policy of 9.3%. The 10.3% income tax rate is currently only paid by taxpayers with over $1,000,000 in taxable income.
Imposes an 11.3% tax rate on taxable income over $300,000 but less than $500,000--a percentage increase of 21.5% over current policy of 9.3%.
Imposes a 12.3% tax rate on taxable income over $500,000 up to $1,000,000--a percentage increase of 32.26% over current policy of 9.3%.
Imposes a 13.3% tax rate on taxable income over $1,000,000--a percentage increase of 29.13% over current "millionaires tax" policy of 10.3%.
From what I'm seeing, the ones hit the hardest are the first and second tier, what I would call upper middle class. Not to mention the sales tax increase, which hurts absolutely everyone. My dollar just got weakened again.
Looks to me like the two highest tiers got both the highest rate and highest increase not the other way around.
Login
Register
FAQ
Search
