The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.
Archived copies of the article:
The bill imposes a 9.9% tax on income of over $1 million a year, with the first payments due in 2029. It would raise an estimated $3 billion to $4 billion annually, helping to fund schools and other state services.
Archived copies of the article:
I’m sorry but you are simply wrong as well. CA and NY have both seen wealthy residents leaving. https://www.businessinsider.com/where-rich-people-are-moving-florida-texas-tennessee-north-carolina-2024-1#%3A~%3Atext=The+great+wealth+‘realignment’%3A+Affluent+people+keep%2Cmovers+seek%3A+space%2C+weather%2C+and+lower+taxes. https://www.latimes.com/entertainment-arts/story/2026-01-10/california-made-them-rich-now-billionaires-flee-when-state-asks-for-little-something-back
Don’t try to attack me by saying I am wrong and then yourself lay a false claim down without any proof.
That’s the talk that you’re mistaking for action. A tiny fraction of wealthy retirees can and do leave. The bulk of the wealthy can’t