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Californians should wise up about our stupid tax code
Californians should wise up about our stupid tax code

Are California taxes too low or too high? Fair or unfair? Whatever. Most important, our code is stupid. You'd think rival states such as Nevada, Texas or Florida designed our tax code to undermine us. Our tax situation is absurd. Our income tax is ostensibly progressive; rates are higher for the rich than the poor. But if you take into account sales taxes, it may well be the poorest who pay the largest fraction of their income to the state. Adjusted gross income — the basis for income tax — isn't a true indication of income, much less total wealth. (Billionaire Oracle CEO Larry Ellison, whose "income" is mostly in unrealized capital gains on stock,...

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