UPDATE: Please Delete Thread. There is already one on this subject. Thanks.
This is targeted at people making $250,000 and up. And that doesn't include sales taxes, local taxes, real estate taxes, and misc state, county, and municipal fees. Add all those together and you're looking at around 70% as one commenter stated. I predict a massive exodus of middle to upper income people leaving California to settle elsewhere to avoid the hikes if they take place.
If U.S. hikes taxes, high-income Californians might pay almost 52 percent « Hot Air
But on the other hand, it appears that Governor Jerry Brown's approval rating is at a all time high because of his tax hikes:
Poll: CA Gov. Jerry Brown Hits Record Approval Ratings After Tax Hikes
Gov. Jerry Brown may be running the state of California into fiscal disaster; he may be taxing the people of California at record rates. But they
love him all the same. According to a new poll from the Public Policy Institute of California, 46% of California adults say that Proposition 30, a massive tax hike hitting all members of California, made them feel better about state finances.
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