top | item 35877614

(no title)

justeleblanc | 2 years ago

Uh? Where did you get that comparison? China's top income tax rate is 45%. I cannot see how that could ever be "far below" what someone's income tax rate would be in California (37% federal + 12.3% state). Mind that the top bracket starts around $140k in China, whereas in the US it's about $590k (federal or Californian).

discuss

order

yieldcrv|2 years ago

yeah so we need a new category for California since they set thenselves up to seize more of the means of production than the communists/state capital socialists