Homeless migration to RVs creating problems
There seems to be a trend for the homeless to get an old RV and live on the streets. County officials admit their hands are are tied as they do not have proper laws in place to deal with the problem....
Forum Discussion
JRscooby wrote:
Now I know my numbers my be off, and I'm sure the calculations are simplistic. But I bet if you where to plug in your real numbers you will need to force your eyes closed...
In California, the hypothetical person you are referencing with $600,000 income would pay approximately 37% federal income tax, and 12% state income tax. That totals almost 50% of income.
This is of course on top of a sales tax approaching 10%, a property tax, and among the highest gasoline tax in the country.
The deductions you suggest will lower the total slightly, but your hypothetical taxpayer will end up paying tens of thousands of dollars in taxes every year.
How much is enough? In 2016, the top 10% of taxpayers paid 70% of all taxes. What is the right number? 90%? 100% ?
