Isn’t that just like California, to punish its most productive citizens by taxing their dividends at the same rate as their pilot’s wages? Why bother living off a trust fund at all? But what does Meg mean when she says California is "one of a few states"? In this case, forty-one. Forty-one states tax capital gains at the exact same rate as "traditional income." Only nine tax capital gains at a lower rate. One of them is South Dakota. Which may be a "competing state" with California, but it’s unclear in what. So by "a few" Meg means "almost all" and by "align" she means "undercut" and by "competing states" she means Arkansas.

Read full article [here].
by Chris Kelly, The Huffington Post.

Posted: March 18th, 2010, by: admin. Categories: . Awaiting Comments.