It has been said that as California goes, so goes the country.
In an interview with The Financial Times, California Governor, Jerry Brown, said that he believes the wealthiest people in the state have a moral obligation to pay higher taxes. Proposition 30, championed by Brown, creates four high income tax brackets for taxable incomes in excess of $250,000, $300,000, $500,000 and $1,000,000.
“It takes a refined theory to say to billionaires that it’s easier to take three weeks of school away from kids in Los Angeles than it is to take 3% away from people who make hundreds of millions of dollars a year,” Brown said during the interview.
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