[SaxxonWoods]

I can’t wait to see what CA does when the millionaires have either left or implemented tax strategies to avoid the new higher taxes.

[laconic]

Apparently, about one-third of the “rich” left California from 2007 forward. Give Jerry Brown five years and the only “rich” left will be his friends in Hollywood.

[funfan]

But it is not a tax on Millionaires it is a tax on 250K and 300K and 500K they just call it a millionaires tax. Lucky for Brown people here don't seem to read the proposals and will just assume it is on Millionaires. This state is a stupid joke.

“The new plan would raise the statewide sales tax by a quarter-cent rather than a half-cent per every dollar. It retains Brown's three-tier income-tax hike starting at $250,000 for singles and $500,000 for couples. But the last two brackets increase by greater amounts than Brown originally proposed, with the highest rate rising to 12.3 percent starting at $500,000 of income for single filers.”

“While I think politically using the word ‘millionaire’ was helpful, really our political motivation was to look at the top 1 percent of income earners, and I actually think this measure is more true to that,” Pechthalt said.”

[EGPWS]

I can’t wait to see what CA does when the millionaires have either left or implemented tax strategies to avoid the new higher taxes.

That took a millisecond of thought....

Run to Washington D.C. and DEMAND money to bail them out, and get it.