If you answered ‘California’, you’re correct.
In fact, due to extremely high taxes, in order to be a ‘millionaire’ in California, you actually have to have a salary of at least $2 million.
Say your salary is $1 million exactly.
For starters, as soon as the money reaches your bank account, the State will demand a hefty 34.24% in federal taxes.
So your $1 million is now $650,000.
Then you’ve got a 1% surtax because you’re so disgustingly rich (insert sarcasm here), roughly $100 grand in state tax, social security, that’ll be $9k give or take, medicare and other smaller taxes here and there.
To cut a very long (and expensive) story very short, all in all nearly 50% of your $1 million salary will be confiscated, pardon me I mean allocated, by the State to finance Gavin Newsom’s French Laundry Covid meals.
Sorry, did I say Gavin Newsom’s French Laundry Covid meals? I obviously meant cleaning benches and planting trees. Or whatever it is governments do with our tax money these days.
Because they’re certainly not using that to make our lives ACTUALLY better.
Justsayin’.
I’ve crossposted this article on Publish0x.
bitcoinea 
Leave a comment