Article Image
News Link • TAXES: Federal

High-income Californians may pay nation's highest tax rate

• .

Thanks to passage of Proposition 30 last month, high-income Californians would pay the nation's highest marginal income tax rates -- nearly 52 percent -- if President Barack Obama and Congress fail to make a deal to avoid the so-called "fiscal cliff," according to a new study.

Without a fiscal cliff deal to the contrary, the Bush era tax cuts on high-income taxpayers would expire next year and rates would return to their previous levels.

Read more here:

Join us on our Social Networks:


Share this page with your friends on your favorite social network: