The Meathead Tax
What a great headline, huh? That's the title of a recent Orange County Register editorial. Excerpt: bq. Actor/director Rob Reiner has gathered enough signatures to place a tax increase on the June ballot to fund government-controlled preschool programs. It would raise the top state income-tax rate to 12 percent, from 10.3 percent. bq. Voters should be aware that this tax bucks not only national but also worldwide trends. If the income tax passes, the new 12 percent top rate would be the highest in the nation. And it goes on top of the highest federal rate of 35 percent, for a total of 47 percent. Hear that giant sucking sound? That's California taxpayers moving to income-tax-free Nevada. Read it all.
