California Considers Plan to Double Its Taxes despite Already Being Highest in U.S.
The plan would increase the average household’s taxes by an unbelievable $12,250, according to the Tax Foundation.
The amendment would increase state revenue by $163 billion a year, more revenue than California in an entire year before 2020.
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Feel free to reply to any comment by clicking the "Reply" button.Democrats drive out all the earners who pay taxes and wonder what ever happened to their income. Do any of them think?
FuzzyMarineVet
Level 8
Jan 10, 2022
0
I wonder if the corporate tax will increase, especially on the U-Haul company?
ScottforKing
Level 8
Jan 10, 2022
1
Then there is a payroll tax add-on, where the top rate would apply to employees earning over $49,990. And the 2.3% business tax hike on gross receipts above the first $2 million a business takes in.
@Garsco California will tax themselves into the stone age.
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