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Op-Ed: California should pass a small tax on big wealth

Por: Los Angeles Times Opinion February 03, 2023

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California’s tax system is upside down at the top: Millionaires pay higher rates than billionaires. California’s wealthiest residents — who have partaken in a $4-trillion increase in billionaire wealth in the last year — contribute next to nothing to state coffers. Meanwhile, many less fortunate Californians are suffering. The ordinary rich — say, a well-compensated doctor — pay a lot in California income tax; they do their share to... + full article



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