Page 16 - 113 3 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Phil mickleson proves it's much higher than 39%. and we have a graph, we know the taxes that he will be paying, federal tax, because president obama is reelected about go up to 39.6%, his state tax, california, up to 13.3%. his city and local tax outside of san diego, 8%, we don't know whether he pays in social security or in property tax, but imagine that it's very high and his sales tax, 7.25% in california for everything he buys and on and on and you understand why he thinks he's paying 62 or 63% of his income. >> well, he is, that's exactly what he's doing. and this is 63%, 63 cents on the...

Might have to move out of california he is excoriated by the left. they say, pay up and shut up, be quiet. martha: when you put it that way, in terms of the every dollar that he makes, 63 cents of every dollar going to the government, he certainly has the right, the original comment was, there will drastic changes for me pause i happen to be in the zone both targeted federally and the state. it doesn't work for me right now. i will have to make changes. companies move out of states all the time when they feel taxes are not to their benefit. >> this is competitive tax environment. don't forget ...

Is trying this as well. here are the highest tax rates, hawaii, at 11%. california not too far behind at 10.3. >> bill? bill: iowa and followed by new jersey. i'll let you answer that, but steve, this is what i want to talk about. >> okay. bill: all the stories popping up over the weekend hailing what jerry brown is doing in california. all the taxes are going up in california and they say they're moving from the red to the black but at what cost? you think about how these stories work now. jerry brown starts to get attention and credit despite the cost to the people that live there. and washi...

California and new york and my home state of illinois, they have the highest tax rates. california is a perfect example. i just flew back from california yesterday. it has a 13.3% tax rate. you can move to colorado and nevada and texas and pay zero? you don't think that has an impact. california day after day is losing its job creators and its businesses. what i say in the book, look, what we ought to do is make america look more like to do is make them look more like texas where all the jobs are, not more like new york and california where people are living. >> steven moore, thank you very mu...

It didn't lead to a flight out. but they are paying 13.3% in california, on top of federal rates. people are going to leave that state. we hate taxes. we spend -- for every dollar government collects -- >> greta: i am going on take the last word -- >> i'm sorry, go ahead. >> greta: i am going to take the last word. the wealthy people have the wherewithol to figure out how to avoid the taxes, they are the one who is can move. >> thank you. >> greta: coming up, what really happen when is president obama and speaker house john boboboboo initiated.