California Dug Own Grave and May Soon Be Buried In It

The state of California has one of the largest deficits of any state in the union. They also have one of the highest tax rates of any state in the union. Yet it seems that the more they raise taxes the bigger their deficit grows and this is exactly the same plan that Barack Obama has for America. To start with middle-class workers in California making more than $48,000 per year pay estate income tax rate of 9.3%. This is higher than the state income tax rate for millionaires and 47 other states. Read more […]