Via our good friends at Fired Up!:
@pelopidas Travis H. Brown
If #Pujols runs to #FL, I for one will blame the #MOIncomeTax. #letvotersdecide #cardinals 6 Dec
Pujols, Angels reach $254 million, 10-year deal
By RONALD BLUM
….The three-time NL MVP agreed Thursday to a $254 million, 10-year contract with the Angels….
….St. Louis also offered the slugger a 10-year deal that chairman Bill DeWitt Jr. said was in excess of $200 million….
Do the math. With that kind of money you can put a nice roof over your head and eat three squares a day no matter what the personal income tax rate.
The Missouri personal income tax rate:
Section 143.011, RSMo mandates tax is imposed at a rate of 1½ percent on the first $1,000 of taxable income and increases at a rate of ½ percent for every $1,000 increment up to $9,000. The tax rate is 6 percent on Missouri taxable income exceeding $9,000….
The California personal income tax rate (2011):
The maximum rate for individuals is 9.3%
The AMT rate for individuals is 7%
The Mental Health Services Tax Rate is 1% for taxable income in excess of $1,000,000.
Maybe Rex Sinquefield should ask for his money back. Or move to Florida.