New York Post graphic
I don't give a shit how much money ya got - the difference is startling - over two million bucks a year. Major League Baseball star Merrill Kelly will pocket nearly $2.5 million more per year over the next two seasons of his $40 million deal by signing in Arizona instead of California.
The massive difference in cash reflects the spread in state income taxes as well as California’s disability insurance levy and typical property tax differences on a luxury home.
However, the overwhelming driver of the disparity is state income tax.
California’s top marginal rate reaches 13.3% — a 12.3% bracket plus an additional 1% Mental Health Services Tax on income above $1 million. On a $20 million salary, that translates to roughly $2.63 million owed to the state.
Fuck them and the horse they should ride out on. Good for him Certainly a smart move...
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Let me tell you a little bit about these. I bought two for my kitchen cabinets.
They're rechargeable, held on by self stick magnets, and were real easy
to install (like five minutes). Trust me on these - they work great...
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2uncles of mine left that state back in the later part of the 1980's because of taxes. both had small truck farms.
ReplyDeleteboth had lived out there since the 1930's. but, taxes and green/tree hugger plans or works drove them to both sell and leave there. shame as I was there in 1980 and the place looked great to me. they both had gardens and fruit trees.
walk out the back door and pick you own fruit right off the tree. even San Fran was a great city. not so much anymore.