Surprising statistic of the day: according to The Economist, half of the state income taxes in California are paid by just 144,000 wealthy individuals. They represent about 0.39% of the state’s population of 36.5 million.
That can be interpreted in two rather different ways. On the one hand, you could highlight the degree to which that represents a heavy tax burden on a small number of people. On the other, you could say that the fact that so few people pay so much of the tax demonstrates just how concentrated wealth has become. Either way, it is an interesting figure.