The state income tax is not only uncompetitively high, but the revenues are volatile. In the economic and stock-market upswing, revenues roll in far more rapidly than incomes rise, owing to the extremely progressive income tax (in good years, the top 1% pays about half the state’s income taxes).
加州不仅所得税畸高，而且财政收入很不稳定。在经济和股市持续上升的情况下，由于极端的累进所得税制，财政收入的增速远远高于工资收入的增速（在情况最好的年份，1%工资最高的纳税人所缴纳的所得税占该州的将近一半）。