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Column: California's budget relies on the richest taxpayers, and we're paying the price

https://www.latimes.com/california/story/2024-04-22/column-californias-budget-relies-on-the-richest-taxpayers-and-were-paying-the-price

Based on the 2021 tax year, the top 1% of California earners paid virtually half – 49.9% -- of the state personal income tax. But the top 1% paid 38.7% of the income tax in 2023.

5 comments

NataliePortland

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This is satire, right?

fuckthepolice

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The community? I sure hope so.

HauntedBucket

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It's performative art. This mod claims to be rich, claims the rich are paying too much for taxes, AND is pushing that agenda on other conservatives? It's the best joke I've ever heard.

wintermute_oregon

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r1, r3

HauntedBucket

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YOU claim to be rich, YOU claim the rich are paying too much for taxes, AND YOU are pushing that agenda on other conservatives.

It's still the best joke I've ever heard!

ImplyingImplications

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So the article is saying since the income of rich people can fluctuate by millions of dollars each year, the amount of taxes they pay also fluctuates by large amounts, and that makes budgeting hard. The solution is to instead tax the average person. Budgeting is easy since they make the same every year and so the tax collected will always be the same.

Do rich people think we're idiots? This reads like Tom Sawyer convincing his friends to paint the fence for him.

wintermute_oregon

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You have to spread the taxes out; otherwise, you end up with the rich leaving, and you have a huge hole in your budget.

Several blue states are losing the wealthy to red states and now they can't figure out how to balance their budgets.

BobaFuttbucker

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Permanently Deleted