...Top Marginal Effective Tax Rates by State and by Source of Income, 2012 Tax Law vs. 2013 Scheduled Tax Lawhttp://investmentwatchblog.com/eat-the-rich-income-tax-will-exceed-50-in-california-hawaii-and-new-york-city/
“Overall, the average top METR on wage income is scheduled to increase by approximately six percentage points (41.8 percent to 47.8 perent), while taxes on dividends would increase the greatest (19.0 percent to 47.9 percent). The top METRs on wages, dividends, interest, and partnership/sole proprietor income would exceed 50 percent in California, Hawaii, and New York City.”
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2176526
Any civilization that taxes it’s people more than 50% has always fallen.
Always.
Business Fleeing France as 75% Income Tax Looms
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