Surprising study shows California is actually a low-tax state

Discussion in 'Economics' started by dealmaker, Mar 13, 2019.

  1. dealmaker


    Surprising study shows California is actually a low-tax state
    An annual study by WalletHub has found once again that California is a relatively low-tax state. Despite heated rhetoric from Sacramento to Washington, the effective rate for all state and local taxes combined on a California household with $58,000 in annual income is a relatively low 8.54 percent. California has the 12th lowest tax rate by this measure. (Times of San Diego)
    murray t turtle likes this.
  2. %% HUH, CA low tax?? And 58k sounds like poverty in CA. And CA is known for max goofy rules, which is a common pattern with excess taxes.:cool::cool:
  3. The average sales tax rate alone is around 8%. In LA county it is closer to 10%. I don't see how this claim can be true.
  4. Must be the same think tank that said Obamacare would lower insurance for everyone and Hillary was a lock for POTUS.
  5. dennisa


    don't forget the excessive fees on gasoline CA charges, plus vehicle reg fees. The state has a low income tax rate for about the first 60K in annual joint income. About 2.5%. CA maxes out at 13.3% and at 86K per year for a single puts an earner into the 9.3% bracket.
    murray t turtle likes this.
  6. RRY16


    This is Garbage!
    murray t turtle and expiated like this.
  7. expiated


    I live in Los Angeles County and agree with RRY16 100%!!!

    From their own website...

    ScreenHunter_4267 Mar. 14 01.36.jpg
    Last edited: Mar 14, 2019
  8. We are living in the age of fake news, fake studies, fake researches, fake polls.
    jl1575 and Clubber Lang like this.
  9. ironchef


    California taxes only the rich. Top state income tax rate is 13.3%

    But state sales tax rate in LA is 9.5%, so equal opportunity for both rich and poor.
  10. I don't want to appear a socialist but if you are rich sales tax is irrelevant. If you are poor it is a real tax.
    #10     Mar 14, 2019
    murray t turtle likes this.