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Old Posted Dec 24, 2017, 5:17 PM
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Pedestrian Pedestrian is offline
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Join Date: Dec 2016
Location: San Francisco
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Quote:
Originally Posted by dc_denizen View Post
California really needs to deal with its excessive taxes and other quality of life problems.

State tax is what, 13%?
The marginal rate, on people with INCOMES (not net worth) in the millions, is just under 13%. In fact, I pay something like 3% on my middle class retirement income in spite of the considerably higher marginal rate on my last dollar.

Don't feel sorry for Californians on this basis. I own homes in California and supposedly low tax Arizona and spend about half my time in each. I could claim to be a resident of either state and have "run the numbers". I'd pay less in Arizona but not enough less to cancel out some other reasons for continuing to claim my SF home as my "primary residence".
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