Whats going on in the World

All I saw was 3 years and now understand how and why.
 

It linked that deficit largely to a "severe revenue decline" that involved a 25% drop in total income tax collections in 2022-2023. Things like the postponement of certain tax payments and economic weakness played into that, according to the office’s report.

Between 2020 and 2021, there was a net of over 27,300 fewer tax returns in California that reported an adjusted gross income of at least $200,000, the Tax Foundation found, citing IRS migration data.

California "has now gotten to the point where they’re seeing an actual decline, which is extremely rare, but has long seen a net out migration," he said. "It’s not a coincidence that California poses some of the country’s highest taxes at a time of much greater tax competitiveness when 29 states have cut individual or corporate income taxes in the past three years. California is only one of a handful to have actually raised taxes."

Roughly 40% of revenue that California brings in on a yearly basis from personal income tax comes from the top 1% of taxpayers in the state.

And the 1%'s are saying SEE YA!!!
 

It linked that deficit largely to a "severe revenue decline" that involved a 25% drop in total income tax collections in 2022-2023. Things like the postponement of certain tax payments and economic weakness played into that, according to the office’s report.

Between 2020 and 2021, there was a net of over 27,300 fewer tax returns in California that reported an adjusted gross income of at least $200,000, the Tax Foundation found, citing IRS migration data.

California "has now gotten to the point where they’re seeing an actual decline, which is extremely rare, but has long seen a net out migration," he said. "It’s not a coincidence that California poses some of the country’s highest taxes at a time of much greater tax competitiveness when 29 states have cut individual or corporate income taxes in the past three years. California is only one of a handful to have actually raised taxes."

Roughly 40% of revenue that California brings in on a yearly basis from personal income tax comes from the top 1% of taxpayers in the state.

And the 1%'s are saying SEE YA!!!

So, people with resources have the resources to avoid having their resources taken away?

Do tell. :rolleyes:
 
Was not really following this but got caught up. As usual, just follow the constitution and all will work out. Glad we have some justices who know how to follow the constitution.

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