California is the Union's most populous state, with approximately 38 million people. Incredibly enough, 50% of California's income tax revenues are paid by a mere 144,000 people. The other 50% is paid by the other 37, 856,000. That 144,000 - which represents the top 1% of income earners in this state - represents a mere .004% of our state's population.
I even remember former Governor Schwarzenegger mentioning this statistic when I attended his State of the State Speech just over a year ago.
Just as disturbing, 144,000 just happens to also be the number of households that leave California every year in search of greener pastures. Thank goodness these two groups of 144,000 are not necessarily one and the same.
Nevertheless, it still seems like our Democrat-dominated state government is bound and determined to poke and prod the 144,000 mega-taxpayers into leaving.
"If a nation expects to be ignorant and free... it expects what never was, and never will be." -Thomas Jefferson