So now the Teacher’s Union is talking about putting an initiative on the ballot to increase taxes on people making over a million dollars in income to fund schools, colleges, and other social programs (what happened to the lottery; remember our schools win too.) They want to tax the top who pay a lot of the taxes. The top 1% of earners (who make about $350,000) earn about 20% of all income but pay about 40% of the taxes. See the article below:
http://www.mercurynews.com/ci_19133319
Just remember if you tax the rich too much, they have the capacity and the reasons to move somewhere else!