If U.S. hikes taxes, high-income Californians may pay nation's highest tax rate, almost 52 percent + sales tax, property tax, and ObamaTax

◼ Proposition 30 added three percentage points to the marginal state income tax rate for California’s highest-income taxpayers, bringing it to 13.3 percent. That action raised California over other high-tax jurisdictions to a marginal rate of 51.9 percent, slightly higher than New York City’s level. Hawaii was the only other place with a calculated rate above 50 percent. - Erika Johnsen/HotAir

…Ouch. We already knew that California was headed for a fall, but here’s yet another problem with top-down government and specifically with President Obama’s proposals to hike taxes across-the-board on those he deems wealthy, i.e. families making more than $250k/year. As Joel Kotkin writes for Forbes, it’s kind of odd that blue states voted so overwhelmingly against their own self-interest in reelecting Barack Obama, because the tax hikes he campaigned on will come down disproportionately hard on the economies of blue states.

From the comments: Don’t forget that the 1099 self employed folks who actually have a profit of over $250K, besides being taxed to the max in CA at 51.9% before property taxes, obamacare taxes, and sales taxes, will also have the social security and medicare taxes on top of the 51.9%.

AND don’t forget that Obamacare will tax you on the sale of your home a certain percentage, too. I am not sure if that hits in 2013 or 2014.

◼ High-income Californians may pay nation's highest tax rate - Dan Walters/Sacramento Bee