Heterodox
Everybody knows that California is a “high-tax” state, right? Well, yes and no. Depends on where you are on the food chain. If your household is the top 1%, then California tax rates are 2nd highest, while Texas and Florida are 43rd and 50th, respectively.OTOH, if your household income is in the second quintile as a % of family income, things change: “California is about average, with a tax rate lower than either Texas or Florida. Texas has the ninth...
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