According to the California Budget Project's "Policy Points: Who Pays Taxes in California"
Measured as a share of family income, California’s poorest families pay the most in taxes. The poorest fifth of the state’s non-elderly families, with an average income of $11,100, spent 11.3 percent of their income on state taxes in 2002. In comparison, the wealthiest 1 percent, with an average income of $1.6 million, spent 7.2 percent of their income on state taxes.
The entire document is only 3pgs long. The most telling feature is the first bar graph.
This is just how "good" California Tax Code is for Californians..... if you yearly earnings are in the top 20%.
If you're in the lowest 20%, they're going to take much more of what little money you earn.
1 comment:
I think it show that things have not change much in the 5000 years of human history. The rich get richer and will make the rules to stay that way.
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