California’s War on Middle Class
11th April 2019
Victor Davis Hanson gives us the bad news.
For over six years, California has had a top marginal income tax rate of 13.3%, the highest in the nation.
About 150,000 households in a state of 40 million people now pay nearly half of the total annual state income tax.
The state legislature sold that confiscatory tax rate on the idea that it was a temporary fix and would eventually be phased out. No one believed that. California voters, about 40% of whom pay no state income taxes, naturally approved the extension of the high rate by an overwhelming margin.