Relevant and even prescient commentary on news, politics and the economy.

High taxes for thee but not for me

Everybody knows that California is a “high-tax” state, right? Well, yes and no. Depends on where you are on the food chain. If your household is the top 1%, then California tax rates are 2nd highest, while Texas and Florida are 43rd and 50th, respectively. OTOH, if your household income is in the second quintile […]