http://www.policyreport.net/2008/12/the-millionaires-tax-a-double-failure/ California Public Policy Debate and Analysis Fri, 12 Mar 2010 03:42:36 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.policyreport.net/2008/12/the-millionaires-tax-a-double-failure/comment-page-1/#comment-181 California’s Lopsided Income Tax System « The Policy Report Mon, 05 Jan 2009 10:10:37 +0000 http://thepolicyreport.net/?p=1241#comment-181 [...] A major contributor to this effect was the passage of Prop 63 in 2004, which taxes the highest earners, more than $1 million annually,  an additional 1%.  That’s on top of the 9.3 percent they pay on their first million dollars ($93,000 a year).  Jon Coupal from the Howard Jarvis Taxpayers Association argues that the passage of Prop 63 is a major contributor to the emmigration of earners over $1 million to states like Arizona and Colorado (See the article). [...] [...] A major contributor to this effect was the passage of Prop 63 in 2004, which taxes the highest earners, more than $1 million annually,  an additional 1%.  That’s on top of the 9.3 percent they pay on their first million dollars ($93,000 a year).  Jon Coupal from the Howard Jarvis Taxpayers Association argues that the passage of Prop 63 is a major contributor to the emmigration of earners over $1 million to states like Arizona and Colorado (See the article). [...]

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