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  2. 6 States Where High Earners Pay Less Than $10K in Taxes - AOL

    www.aol.com/finance/6-states-where-high-earners...

    Montana’s 3.9% income tax puts it slightly behind the top contenders, but the lack of a sales tax and low property tax at 0.8% make up for it. High earners in Montana end up with an annual tax ...

  3. Legislative Democrats are running from their own tax-the-rich ...

    www.aol.com/legislative-democrats-running-own...

    Legislators during the 2022 budget directed regulators to craft an income-based charge for electricity ratepayers by 2024. There are second thoughts. Legislative Democrats are running from their ...

  4. Taxation in California - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_California

    There is an additional 1% tax (the California Mental Health Services Act tax) if your taxable income is more than $1,000,000, which results in a top income tax rate of 13.3% in California which is the highest statewide income tax rate in the United States. [42] The standard deduction is $4,601 for 2020. [43]

  5. Property tax in the United States - Wikipedia

    en.wikipedia.org/wiki/Property_tax_in_the_United...

    Property tax has been shown to be regressive [2] (that is, to fall disproportionately on those of lower income) under certain circumstances, because of its impact on particular low-income/high-asset groups such as pensioners and farmers. Because these persons have high-assets accumulated over time, they have a high property tax liability ...

  6. 1978 California Proposition 13 - Wikipedia

    en.wikipedia.org/wiki/1978_California_Proposition_13

    The think tank Tax Foundation reported that in 1978, Californians had the third highest tax burden as a proportion of state income (tax-per-capita divided by income-per-capita) of 12.4% ($3,300 tax per capita, inflation adjusted). [29] By 2012, it had fallen slightly to the sixth highest rate, 10.9%, ($4,100 tax per capita, inflation adjusted ...

  7. ‘The cost of housing is so important’: President Biden ...

    www.aol.com/finance/cost-housing-important...

    To address this, the president is calling for a one-year tax credit of up to $10,000 to middle-class families who sell their starter home — defined as a home below the area median home price in ...

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