California is incredibly dependent on its 1% for tax revenue. Kinda explains why they don't care much about middle class families leaving.pic.twitter.com/N2p0vIPFrQ
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Common in most countries. Top 1% in DK pays 8% tax. But yea, Cali is extreme. https://www.cepos.dk/notat-de-1-pct-rigeste-betaler-86-pct-af-alle-skatter-og-afgifter-svarende-til-60-mia-kr-en-stigning …pic.twitter.com/ttZx36MBFY
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At the other end of the spectrum is Texas which only gets 40% of its income tax from the top 20% (in Cali it's 90%) https://therivardreport.com/how-texas-spends-its-money-how-texas-gets-its-money-why-it-doesnt-add-up/ …
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