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throwaway373438
on July 31, 2020
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Tax hike on California millionaires would create 5...
It's already 54% for folks with a 7 figure income deriving their income from short term investments (say, stock options). This is almost always the case in tech.
37% federal
13.3% state
3.8% Net Investment Income Tax
54.1% total, before this new tax.
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37% federal
13.3% state
3.8% Net Investment Income Tax
54.1% total, before this new tax.