[OCCASparky]

Since the top income tax rate in California is about 9%, and that only kicks in at relatively high income levels above $100,000 annually

Not true. The marginal rate of 9.3 percent kicks in at about $48K for single filers, and an additional "surcharge" of an additional 1% above $1 Million. Try living in SoCal on $50K/year.

[sr4402]

Now that the Stimulus monies are running out, the states are going to get very hungry. California is near the top of the list because their new taxes are not working out.

My thinking is that the states are just realizing that income tax revenues will be far less than they expected. Property tax revenues are down. In California, that means a Hungry Golden Bear.

In the other states, Lord knows what it could mean.

Hang on to your wallet, the Tax Man Cometh.