This chart shows that the top 1% of California taxpayers are responsible for more than 33% of all tax dollars.
— Chamath Palihapitiya (@chamath) January 25, 2026
The top 0.1% of California taxpayers payers (~17,500 people) are responsible for more than 16% of all tax revenues.
The point is that only a few people, in a state… pic.twitter.com/KeFJOTKJd9
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Sunday, January 25, 2026
The top 0.1% of California taxpayers payers (~17,500 people) are responsible for more than 16% of all tax revenues.
The big danger of progressive income taxation . California has to really worry if some of those 17,500 leave with 16% of the state's revenue .