There is so much wealth and at the same time so much poverty in CA. I don't know how the average joe can even afford an apartment there. This all sounds very good to me.

Companies making the most money and paying their top management the biggest salaries would pay a lot more in taxes to help fund public schools if two Bay Area legislators have their way.

State Sen. Nancy Skinner, D-Berkeley, and Assemblywoman Buffy Wicks, D-Oakland, plan to introduce a bill Monday, The Chronicle has learned, raising the corporate tax rate for companies with net income above $10 million — the top 0.2% of companies that do business in the state — to 10.84%, up from 8.84%.

The income generated from companies like Facebook, Google, McDonald’s, Apple, Walmart and Chevron would raise an estimated $2 billion, according to Skinner.

But the legislation doesn’t stop there. It would raise taxes even more on those companies depending on how much they pay their chief executive compared with their workers. Those paying top management more than 300 times that of their average employee would pay a state tax rate of 14.84%.

The progressive tax rate based on pay disparity would raise up to $3 billion, Skinner said.