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🚨 SHOCKING FACT: CALIFORNIA RELIES ON THE TOP 0.1% 💥
$BTR $AXL $HYPE
In California, the richest 0.1% earn only 12% of total income but pay a staggering 27% of all income taxes — should they leave, the system could wobble. Meanwhile, the bottom 50% also make 12% of income but contribute just 3% in taxes.
The state’s budget heavily depends on high earners, especially in tech, finance, and investments where income can fluctuate quickly. A shift in this small group could force higher taxes on everyone else or cuts to schools, healthcare, infrastructure, and social programs.
California’s tax system seems strong — until the top earners start leaving. The impact would be felt by everyone. 💣
#WealthInequality #CaliforniaEconomy #TaxReality #Top1Percent #EconomicShock
$BTR $AXL $HYPE
In California, the richest 0.1% earn only 12% of total income but pay a staggering 27% of all income taxes — should they leave, the system could wobble. Meanwhile, the bottom 50% also make 12% of income but contribute just 3% in taxes.
The state’s budget heavily depends on high earners, especially in tech, finance, and investments where income can fluctuate quickly. A shift in this small group could force higher taxes on everyone else or cuts to schools, healthcare, infrastructure, and social programs.
California’s tax system seems strong — until the top earners start leaving. The impact would be felt by everyone. 💣
#WealthInequality #CaliforniaEconomy #TaxReality #Top1Percent #EconomicShock
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