Periodic reminder that CA's tax structure makes its budget extremely dependent on the performance of the US stock market.https://twitter.com/LAOEconTax/status/785984391327592450 …
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.@kimmaicutler @lancelands @dillonliam It would be interesting to see what % of income taxes the 1% pays in the states with an income tax.
I was looking for a comparison earlier this year but couldn't find one.
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