rob in cal
Jr. Member
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« on: December 27, 2011, 06:32:05 PM » |
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California may have one, or maybe even a few, tax increase proposals on the ballot in 2012. Two of them, one backed by the governor, another by the California teachers association would increase income taxes on the wealthy, the teachers plan by 2 % over one million in income, then another 3 % after the two million, so someone making over two million would see their state income rate jump from about 10% now to something like 15% on everything over two million. It would raise about 6 billion a year in new taxes and fund new spending. Governor Brown's possible plan would see smaller income tax increases on the wealthy and a sales tax increase as well, IIRC. Getting one of these on the ballot (I'd think the Teachers plan would be more popular with the occupiers) and campaigning for it would give some focus for the California occupiers, as these plans directly go after the income of the top 1%. It will be interesting to see if a) one of these propositions gets on the ballot and b) if the occupy movement actually gets behind it.
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