Republicans are the party of the rich, dont’cha know?
It says “high income” in the article,the header is misleading-—there are LOTS of millionaires in the USA today.
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IIRC there are about 2,500 California state income tax returns that pay about 90% of the California state income tax collected. The dumb asses is Sacramento never ask “What happens if a lot of the people in the top tax brackets leave California?”
Great! Going where I’m moving to in October and bringing their nasty liberal policies with them.
The problem with the liberal progressive festation abandoning California is that now it will spreads its liberal and progressive cancer to other parts of the country hardly touched by the cancerous plague.....
If “millionaire” means assets, then about every house owner in CA is a millionaire.
Maybe it’s 138 of the bazillionaire commies that promised to flee the country when Trump won. But I doubt it. They have it too good here and will never keep their word to leave.
“138 out of how many millionaires? “
Probably all of them. Being a millionaire doesn’t mean that much today. I have a net worth of over a million, and I still buy at thrift stores.
They are also losing other people in the lower brackets, people like me. We moved in ‘14 and took my wife’s Calpers pension with us. I’m still working and now paying 2.3% in state taxes, not the 9% we paid in California
Watch out, middle America, they’re coming at us from both coasts!
New York To Nashville, The Tax And Price Exodus Is Growing
http://freerepublic.com/focus/f-chat/3668864/posts
Tucker Carlson will highlight the feces and needles littering the streets in San Francisco on tonight’s show. Tourism in SF is dying rightfully so thanks to Liberals.
The high taxes set to specifically target certain categories of “high income” persons becomes a never ending circle the Liberals can’t get themselves out of, unless they quit being Liberals.
The kind of taxes they impose become taxes with diminishing returns to them, and then the Liberals must make those taxes worse (continuing to compound the problem) or broaden the classes of taxpayers whose taxes must go up, and thus broaden (lower) the income levels of people who can chose to leave to avoid the higher taxes.
Either way the higher taxes have diminishing returns leading to higher taxes to make up the losses, leading to diminshing returns, ad infinitum.
California’s Not the Place to be.so Load ‘Em up the Truck and MOVE OUT OF BEVERLY; Hills that IS.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
The next rat California governor will probably declare residency in Nevada. Communists do not have to necessarily live in the provinces they govern.
Hopefully these millionaires emigrated to New England or any other foreign country...Otherwise the old maxim comes into play: It only takes one bad apple to spoil the bunch...Keep them out of any American state...
when the gimme class overtaxes the rich, the rich move and the gimme class remains the gimme class, with even less funding. One would think after centuries of such a pattern, leaders would buy a clue.
. . . and go on to fund Marxist political candidates in their new states. :-)