A proposal to raise taxes on California millionaires would result in a top tax rate of nearly 54% for federal and state taxes.
The proposal would raise taxes on California millionaires, and result in a top tax rate of nearly 54% for federal and state taxes for the highest earners.
High end luxury stores and businesses on Rodeo Drive in the Beverly Hills shopping district of Los Angeles California USA. Rodeo drive is a famous high-end shopping street featuring a variety of renowned designer shops, hotels & restaurants. Beverly Hills is a city in California's Los Angeles County and home to many Hollywood movie stars.
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