Maryland Democrats unleash taxation on 6 figure earners (user search)
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  Maryland Democrats unleash taxation on 6 figure earners (search mode)
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Author Topic: Maryland Democrats unleash taxation on 6 figure earners  (Read 2286 times)
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jfern
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Posts: 53,859


Political Matrix
E: -7.38, S: -8.36

« on: May 19, 2012, 09:23:20 PM »

The top state income tax rate will be 8.95%?  Oh, the horror, the horror!  I don't remember the CA rate ever being that low. Tongue  Of course, now the push is on to get it up to 13% or something.

And the existing 9.3% rate in California kicks in a lot lower than $100k.
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,859


Political Matrix
E: -7.38, S: -8.36

« Reply #1 on: May 19, 2012, 10:21:49 PM »

The top state income tax rate will be 8.95%?  Oh, the horror, the horror!  I don't remember the CA rate ever being that low. Tongue  Of course, now the push is on to get it up to 13% or something.

And the existing 9.3% rate in California kicks in a lot lower than $100k.

Seems odd, or sad, that if the 9.3% rate is hitting people below 100k, you wouldn't have a, say 25% or so rate for people like Torie.

Yeah, it actually kicks in pretty low, I just checked at it's at $47,000 of taxable income for single filers. If you live in San Francisco, that's barely middle class.
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