It is hard to discern where our tax money goes…whether if it is for public or private use.
It is my understanding that CA pays the highest taxes and that anyone making over $50K a years pays the same percentage.
Right now a family of four making $50K a year pays the same rate as one making $350K a year. Nobody is asking for that to be changed. They are asking that those making more than $7,000/week to pay at a higher rate like they used to. Those people live in the land of plenty and are blessed by the riches of this country. They cannot spend it all so they sock it away and create another form of income called capital gains which they protect from being taxed like regular income. But to them it is regular income.