A proposed constitutional amendment (ACA 11) in California would increase taxes by $12,250 per household, roughly doubling the state’s already high tax collections, to fund a first-in-the-nation single-payer health-care system. The top marginal rate on wage income would soar to 18.05 percent—nationally, the median top marginal rate is 5.3 percent—and the state would adopt a new 2.3 percent gross receipts tax (GRT), at a rate more than three times that of the country’s highest current pure GRT.
All told, the new tax package is intended to raise an additional $163 billion per year, which is more than California raised in total tax revenue any year prior to the pandemic.
The new taxes would take three forms:
Surtaxes atop the current individual income tax structure beginning at $149,509 in income;
A graduated-rate payroll tax system with the top rate kicking in for employees with more than $49,990 in annual income; and
A gross receipts tax of 2.3 percent, excluding the first $2 million of business income.
The mom of the home school kid in my son’s tennis class is wearing one of these hats right now.
The red states are going to need as much notice as possible before this is implemented. We're building as fast as we can but this is a lot to ask on short notice.
The red states are going to need as much notice as possible before this is implemented. We're building as fast as we can but this is a lot to ask on short notice.
This sounds like really bad news for republicans. it would only take about 20 democrats from California to flip Wyoming.
They aren't leaving because they're happy with how Dems are running things.
this is where we are - pay some taxes or move to conclave of white religious freedom fighter zealots
Telegrams from inside the bubble, ITC edition.
you don't even bother to respond because you know i'm right
“We’ve got to redefine what the purpose of K-12 education is. Some would say it’s to produce critical thinkers. But my team and I believe that the purpose of a public K-12 education is to prepare students for post-secondary plans of their choice so that they can be a functioning member of the workforce.”
– STATE SUPERINTENDENT CATHERINE TRUITT, JANUARY 6TH, 2022