Thursday, July 12, 2012

Quote du jour

The top rate of its (California) individual income tax is 10.3 percent, the second-highest in the country. A single middle-class worker earning just $48,000 pays a top rate of 9.3 percent, which is higher than the rate for millionaires in 47 other states.
-John Fund
Posted by at 12:01 AM
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2 comments:

  1. Woodsterman (Odie)July 12, 2012 at 10:43 AM

    And they still can't make ends meet by taxing the "Once" sixth largest economy in the world. I heard my Congressman, Tom McClintock, refer to Sacramento as a bunch of morons yesterday.

    ReplyDelete
    Replies
    1. Mike aka ProofJuly 12, 2012 at 12:18 PM

      It's so nice to know that I'm paying the same tax rate as millionaires. We dropped from sixth largest to seventh, and now, I believe we are hovering around "eighth", but I haven't checked lately, so we may have slipped farther down the list.

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