Commentary
California receives about half of its personal income tax revenue from people who sell assets and pay the state income tax on that gain.
Google headquarters in Mountain View, Calif. Apple, Facebook, and Alphabet, the owner of Google, represent more than 10 percent of the value of the entire S&P 500 index. Justin Sullivan/Getty Images
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Tim Shaler
Author
Tim Shaler is a professional investor and economist based in Southern California. He is a regular columnist for The Epoch Times, where he exclusively provides some of his original economic analysis.
