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Fix California tax calculations

California has a Mental Health Services Act that imposes an additional 1% tax on income above $1M. However, for additional income, I only see a maximum tax rate of 12.3% is applied when it should be 13.3% for one-time income (W2 income might be up to 14.4% but I haven’t checked the maximum tax rate with high incomes in PL). I see the same thing whether tax handling is treated as dividend or regular income.

Related: www.dhcs.ca.gov/services/MH/Pages/MH_Prop63.aspx

6 votes

Tagged as Suggestion

Suggested 15 July 2024 by user Calibration

Moved into Completed 24 June