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IPFS News Link • Economy - Economics USA

Rich Californians Are Fed Up With The State's Crazy Taxes –– Here's Where They Should Move

• Business Insider

As it stands, the richest residents in the state pay up to 51.9 percent of their income in federal and state taxes combined — the highest combined income tax rate in the country, NY Times' Adam Nagourney reports.

That's left some well-heeled residents less than thrilled. We covered the January PGA event where San Diego-based pro golfer Phil Mickelson said he might follow Tiger Woods' lead and leave the state altogether.

Woods now calls Florida home, a state that is quickly becoming the go-to refuge for wealthy Americans looking to preserve their riches.

1 Comments in Response to

Comment by PureTrust
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Move? They should unite and change the Government, getting rid of all those taxes.