Millionaires Consider Leaving California Over Taxes

California’s top earners are now facing a combined 51.9 percent federal and state income tax — the highest rate in the nation — a cause for grumbling and, maybe, an incentive to move.

Sections:  news   u.s.   
RELATED ARTICLES
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • One flight closer to space tourism
    Virgin Galactic is one flight closer to becoming a commercial "spaceline." The company's passenger spacecraft, SpaceShipTwo, completed its first rocket-powered flight Monday morning above the Mojave Desert in California. More
  • Police confiscate 4-foot, 2-pound marijuana joint
    California police confiscated a mammoth joint during a 4/20 pot rally on Saturday, reports the Los Angeles Times. As the paper notes, hundreds of UC Santa Cruz students gather each year for the event, and each year campus police confiscate things like bongs and dime bags. More
  • On Marijuana Tax, Colorado Asks: What’s Too High?
    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
BING NEWS:
  • Covid-19 Live Updates: Fauci Suggests a National Mask Mandate as Virus Surges
    The U.S. set a single-day record of more than 85,000 new cases on Friday. Europe is also bracing for a brutal winter as the virus surges there.
    10/24/2020 - 11:13 am | View Link
  • As it hits 1 million coronavirus cases, Colombia prepares for vaccine
    In a warehouse near Bogota's airport, behind a heavy cold storage door, sit boxes upon boxes of lifesaving vaccines for everything from yellow fever to polio, awaiting transport to the furthest ...
    10/24/2020 - 3:36 am | View Link
  • How three-time Supercars champ Scott McLaughlin became Team Penske's first rookie since 1999
    Scott McLaughlin was a middling touring car driver in Australia. Sunday, he steps onto one of motorsport's biggest stages.
    10/24/2020 - 3:30 am | View Link
  • Along California's ring of fire, residents face decades of danger, destruction
    With climate models predicting a hotter, drier California, many wonder what the state will look like in the decades to come. What places might be too risky to live in? What great icons of nature will ...
    10/24/2020 - 1:17 am | View Link
  • How liberal politics, COVID-19 and a high cost of living are fueling a new California exodus
    Rich Threadgill was born and raised in California and loved his home state. Until he didn’t. The Navy veteran is a gun fan, but he felt he couldn’t talk about his hobby or express other conservative ...
    10/23/2020 - 1:00 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News