09-18-2012, 01:42 PM
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Go Dodgers!
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Join Date: Feb 2007
Posts: 45,794
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How Bad is Democratically controlled Calif?
California has the 2nd worst state income tax in the nation.
9.3% tax bracket starts at $48,029 for people filing as individuals. 10.3% tax starts at $1,000,000. Governor Brown has put on the ballot a prop to change the “millionaires’ tax” to 13.3%, starting at $500,000 – including capital gains. If approved, CA will be by far #1 in income tax rates. We will be 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including six states with zero state income tax.
CA has the highest state sales tax rate in the nation. - 7.25% This does not include local sales taxes.
CA has the 3rd highest state unemployment rate. (July, 2012) – 10.7%.
National unemployment rate 8.3%. National unemployment rate not including CA is only 8.0%, making the CA unemployment rate 34.2% higher than the average of the other 49 states.
California’s 2012 Business Tax Climate ranks 3rd worst in the nation.
It only falls behind New Jersey and New York state.
CA public school teachers the highest paid in the nation.
CA students rank 48th in math achievement, 49th in reading.
CA has the highest gas tax (tied with NY) in the nation at 67.7 cents/gallon (June, 2012).
National average is 48.9 cents. CA also has the nation’s 5th highest diesel tax – 71.9 cents/gallon. National average is 53.8 cents.
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