A lot about California makes it a fantastic place to live and work in. However, as with many beautiful places, its drawbacks cast unavoidable shadows on the good aspects. Some things make life especially challenging in the Golden State, such as its excessive tax rates. With the rate at which tax is being levied, effected, and collected, the atmosphere is becoming unsustainable.
As of today, the Golden State levies some of the highest tax rates in the entire country. A lot more than should be leveraged is already taken from those in the high-income bracket. Moving to universal healthcare in California will increase taxes even more.
Californian businesses will see a 2.3% tax increase, an increase of 1.5% on employers with 50 or more workers, an additional 1% payroll tax for for employees earning $49,900 or more, and an additional income tax of 0.5% for Californians earning more than $149,500, up to 2.5% for people making about $2.5 million annually.
This drastic tax increase is entirely unacceptable for healthcare coverage for state inhabitants without insurance or any other purpose. The fact remains that tax rates are already outrageous as it is. It is left to the government to find a more sustainable means of supporting these individuals, as increasing taxes is not the solution.