California tax measure targets Kim Kardashian and millionaires

    2012/01/05

NSFW    Celebrity Shorts

Kim Kardashian is one of those celebrities people just LOVE to hate.

Courage Campaign hopes to capitalize on Kim Kardashian hate. They want Kim K haters to pass a millionaire's tax measure in November.

Kim Kardashian reportedly earned $12 million in 2010, which is taxable at 10.3% in California. California's tax structure is already quite progressive. The richest 1% pay 48.1% of state income taxes.

But Courage Campaign says this isn't fair. They say Kim Kardashian and others like her should pay 3-5% more. Governor Jerry Brown wants higher taxes for the rich as well, in addition to raising the sales tax.

California faces a $3.7 billion budget shortfall, projected to rise to a $12.8 billion deficit in 2013.

Kim Kardashian could flee to Nevada, which has no income tax. She will probably end up there anyway.

But does California want to lose other businesses and wealthy taxpayers to nearby states?
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