The California voters have spoken. They passed
Proposition 30 which retroactively increases income taxes effective January 1, 2012 for those with high incomes. The following rate increases are effective for seven years:
| Governor's Ballot Initiative | |
| 10.3% (1% increase) on income of: | $250,001–$300,000 for single/MFS; $340,001–$408,000 for HOH; and $500,001–$600,000 for MFJ. |
| 11.3% (2% increase) on income of: | $300,001–$500,000 for single/MFS; $408,001–$680,000 for HOH; and $600,001–$1,000,000 for MFJ. |
| 12.3% (3% increase) on income of: | More than $500,000 for single/MFS; More than $680,000 for HOH; and More than $1,000,000 for MFJ. |
(Note: Income in excess of $1 million is also subject to the 1% mental health surcharge.)
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