this post was submitted on 27 Apr 2024
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The fact that Californians make more money overall than Texans is still irrelevant. On a percentage basis, almost all Texans are taxed more in their state than almost all Californians are in theirs. High earners in California are taxed at a much higher rate than high earners in Texas however, which is where that extra tax revenue is coming from.
You can go to the source of the data I initially linked if you like and compare the states directly:
Texas
California
Here is a more recent article of theirs talking about how almost all Californians still pay lower taxes then Texans
Heres an excerpt that addresses your qestion above:
The 20 bil in extra tax revenue you asked about with just 1/3rd larger population than Texas is from taxing the ultra wealthy at the same rate as other families. Since they have the most income by a ludicrous amount, taxing it at 12% instead of 3% like Texas nets a huge amount of money.