California Has Highest Tax Rate in The Country

It is getting awfully expensive to be a millionaire in California. With the new year, big earners are confronting a 51.9 percent federal-state income tax hit. That is officially the highest in the nation. And at 13.3 percent, the top-tier California income tax is, in addition to being higher than any other state, the steepest it has been since World War II.  More…