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Updated over 10 years ago on . Most recent reply

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David Krulac
  • Mechanicsburg, PA
2,658
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Most Popular Reply

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231
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Matt Mason
  • Investor
  • Los Angeles, CA
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Matt Mason
  • Investor
  • Los Angeles, CA
Replied

@David Krulac , just as a point of clarification that 12.3% tax bracket is only for couples making over $1,017,000 a year.  CA income tax rates start at just 1% so a couple making $100k pays less than in many states.  Granted that isn't very much money, but it is more than the average US household makes.  I've seen this misrepresented by even the financial media who don't seem to understand effective tax rate vs top tax bracket.

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