(which actually should be at least 13.3% because that’s what rich people in California pay for state income tax) It can’t be because people were concerned that inflation would lift them from the old 5% bracket into the new 9% one. Thetext of the ballot ...
For example – if you have a 401k plan at a former employer and you are 45 years of age, unless your 401k withdrawal meets one of the exceptions, taxation would work like this for a $50,000 401k withdrawal: Taxable Income before withdrawal$60,000 ...