Millionaires Consider Leaving California Over Taxes

California’s top earners are now facing a combined 51.9 percent federal and state income tax — the highest rate in the nation — a cause for grumbling and, maybe, an incentive to move.

Sections:  news   u.s.   
RELATED ARTICLES
  • Owner of Mystic Pizza pleads guilty to tax charges
    The owner of the Mystic Pizza restaurant made famous in a 1988 movie has pleaded guilty to federal tax charges. More
  • One flight closer to space tourism
    Virgin Galactic is one flight closer to becoming a commercial "spaceline." The company's passenger spacecraft, SpaceShipTwo, completed its first rocket-powered flight Monday morning above the Mojave Desert in California. More
  • Police confiscate 4-foot, 2-pound marijuana joint
    California police confiscated a mammoth joint during a 4/20 pot rally on Saturday, reports the Los Angeles Times. As the paper notes, hundreds of UC Santa Cruz students gather each year for the event, and each year campus police confiscate things like bongs and dime bags. More
  • On Marijuana Tax, Colorado Asks: What’s Too High?
    If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question. More
  • Senate planning vote on Internet sales tax bill
    The days of tax-free online shopping could finally be numbered. The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years. More
BING NEWS:
  • Bidens Leave Washington for California Retreat After Trump Takes Office
    Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and ...
    01/19/2025 - 10:44 pm | View Link
  • People moving to California from out-of-state hits nation low for fifth consecutive year
    U-Haul, the ubiquitous do-it-yourself moving company, reported that California had the fewest one-way haulers entering the state for the fifth consecutive year in 2024.
    01/15/2025 - 9:53 am | View Link
  • California insurance crisis: List of carriers that have fled or reduced coverage in the state
    California has been hit with an exodus of property insurance companies in recent years, and the state's ongoing wildfires threaten to make the problem worse.
    01/9/2025 - 10:00 pm | View Link
  • Insurers began leaving California years before latest wildfire
    State Farm, California's largest insurer, has not written new homeowner policies there since May 2023. The company said last March it would drop 72,000 property polices across the state, with 30,000 ...
    01/9/2025 - 5:16 am | View Link
  • This could be the beginning of the end for fire insurance in California
    LOS ANGELES — Wednesday’s firestorm in a wealthy area of Los Angeles could be the final straw that breaks California’s insurance market.
    01/8/2025 - 10:13 am | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More U.s. News