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How many people would pay additional taxes under Prop. 63?

April 26, 2017additional pay people Prop taxes

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How many people would pay additional taxes under Prop. 63?

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Some 25,000 to 30,000 Californians, representing about 0.1 percent of the state’s total population, are estimated to earn more than $1 million annually. If Prop. 63 passes, the tax rate for these taxpayers would increase from 9.3% to 10.3% on every dollar over $1 million.