Taxes go up in California again

* Raises California’s sales tax to 7.5% from 7.25%, a 3.45% percentage increase over current law
* Imposes a 10.3% tax rate on taxable income over $250,000 but less than $300,000
* Imposes an 11.3% tax rate on taxable income over $300,000 but less than $500,000
* Imposes a 12.3% tax rate on taxable income over $500,000 up to $1,000,000
* Imposes a 13.3% tax rate on taxable income over $1,000,000

I don’t think people who live there realize just how much they pay for the privilege. When I moved down to Florida I was blown away by the difference in cost of living, and the costs just keep going up. Not my problem! 🙂

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