GOODER AND HARDER: California Considering Insane Plan to Double its (Already High) Taxes.
The proposed amendment would hike several key taxes to fund a state-level government healthcare scheme. According to the right-leaning Tax Foundation, it would increase the average household’s taxes by an astonishing $12,250.
It’s estimated that the amendment would increase state revenue by $163 billion a year, which is more revenue than California had ever seen in an entire year before 2020. (That means it’s effectively doubling the state’s taxes.)
Related: There Aren’t Enough U-Hauls for Fleeing Californians.
UPDATE: How High Will California’s Taxes Go Before There’s No One Left To Tax?
(Updated and bumped.)