Killing Golden Goose, California Taxes Capital Gains as Ordinary Income

I wonder how TX compare to this?  Oh yeah.  We don't have any capital gains taxes.

In fact, if you are paying up to a 33% combined federal and state tax on capital gains as you may be in California, you are paying more than virtually anyone else in the world. That will hit you in your pocketbook. Plus, experts say the impact is bigger than that. Such a high tax rate has long-term negative implications for the economy, for people save and invest less.

Meanwhile, they say, capital seeks higher returns in other countries. See The High Burden of State and Federal Capital Gains Taxes. Take a look at how we stack up:

Long-term Capital Gains Rate
Rank	Country/State	Capital Gains Rate
1	Denmark	42.0%
2	California	33.0%
3	France	32.5%
4	Finland	32.0%
5	New York	31.4%
6	Oregon	31.0%
7	Delaware	30.4%
8	New Jersey	30.4%
9	Vermont	30.4%
10	Maryland	30.3%
11	Maine	30.1%
12	Ireland	30.0%
13	Sweden	30.0%
14	Idaho	29.7%
15	Minnesota	29.7%
16	North Carolina	29.7%
17	Iowa	29.6%
18	Hawaii	29.4%
19	District of Columbia	29.1%
20	Nebraska	29.1%
21	Connecticut	29.0%
22	West Virginia	28.9%
23	Ohio	28.7%
24	Georgia	28.6%
25	Kentucky	28.6%

Wow. That's pretty steep.