N.Y., Calif., looking to millionaires
Raising tax rate seen as fiscal crisis combat strategy
Hollywood moguls and Manhattan stockbrokers will be feeling the effects of the Occupy Wall Street movement as California and New York again target high-wage earners to address a continued fiscal crisis in the states. Last week, New York raised its top tax rate on single filers making $1 million and joint filers making $2 million. Earlier this month in California, Governor Jerry Brown proposed a ballot initiative that could increase taxes on Californians making over $250,000.