California's medium tax representative portfolio is more similar to the high tax allocation than non-California portfolios are to their high tax counterparts because California's medium tax rate is 9.3%, compared to the 4% state tax rate for non-California portfolios.

Authors

• Person: Not available Organization: Wealthfront
  Wealthfront Classic Portfolio Investment Methodology White Paper

Sources

• Wealthfront Classic Portfolio Investment Methodology White Paper research.wealthfront.com Wealthfront via serper

Referenced by nodes (1)

• California location