Thursday, February 07, 2013

Doll Leads California Tax Revolt!

 "It is getting awfully expensive to be a millionaire in California," today's Times reports. "With the new year, big earners are confronting a 51.9 percent federal-state income tax hit on earnings over $1 million…. That is officially the highest in the nation."

Will income millionaires flee California?  In The Times'  advertising column, Stuart Elliot tells us  one resident already has her house on the market: 
One of the best-known residents of Malibu, Calif., alongside billionaires like David Geffen and Larry Ellison, is embarking on a national promotional effort to help sell her home there for the eye-popping price of $25 million.
The resident? Barbie!

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