California democrats are pushing a state constitutional amendment that could double the state’s income taxes to fund state-run government healthcare. 

Under the proposed change, individual households would on average pay a whopping $12,250 in increased taxes, according to Tax Foundation’s Vice President of State Projects Jared Walczak, per BizPacReview. 
Increased payroll taxes would kick in for employees making more than $49,990. 

The tax increases would be authorized under ACA 11 and would be used to fund a government healthcare program proposed by Assembly Bill 1400. Combined, the bills would create a $200 billion taxpayer-funded single-payer healthcare system for all California residents. 
Walczak explained there are two additional taxes on top of the payroll taxes, including a surtax on top of the existing individual income tax structure starting for those making $149,509 or more and a 2.3 percent gross receipts tax on any gross business income after the first $2 million.
“Imagine, for instance, the overly simplified hypothetical of a company with 49 employees making $80,000 each. At 49 employees, the company has no payroll tax burden. Hiring one additional employee generates a tax bill of $90,000 – more than that employee’ …

The post California Democrats Seek to Double Taxes to Fund State-Run Government Healthcare appeared first on Populist Press ©2022.

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