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April 15, 2016

"Top 1% pay 45% of California taxes..."

Forty-five percent of the state’s income tax money comes from the top 1 percent of filers
– those with adjusted gross income of at least $501,000. Those taxpayers recorded an average adjusted gross income of $1.6 million in 2013, almost double what it was in 1994. For other taxpayers, real income has stagnated or declined. | The Sacramento Bee

Imagine how much they'd pay if they didn't employ very clever accountants.

Posted by gerardvanderleun at April 15, 2016 7:53 AM. This is an entry on the sideblog of American Digest: Check it out.

Your Say

No accounting for stupidity if they're still living in that state.

Or the top1% only make $28,500 plus gratuities as valets and pool boys.

Posted by: Vermont Woodchuck [TypeKey Profile Page] at April 15, 2016 12:10 PM

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