March 28, 2016 • Page 9 of 15
No. 7 California
California income tax rates range from a modest 1 percent to a whopping 13.3 percent, the highest in the nation, and its sales tax is 7.5 percent. Early retirees who take withdrawals from their retirement plans before age 59 1/2 pay a 2.5 percent state penalty on top of the 10 percent federal penalty. First « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 » Next
California income tax rates range from a modest 1 percent to a whopping 13.3 percent, the highest in the nation, and its sales tax is 7.5 percent. Early retirees who take withdrawals from their retirement plans before age 59 1/2 pay a 2.5 percent state penalty on top of the 10 percent federal penalty.
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