USC Study Shows Millionaire Incomes Showed Diminishing Suicide Rates

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California’s tax for mental health programs, applying to individuals with personal incomes above $1 million, prevented 5,500 deaths from suicide between 2005 and 2019, according to a study published Wednesday by the USC Sol Price School of Public Policy.

The study used U.S. Centers for Disease Control and Prevention data to determine how the 2004 millionaire’s tax affected deaths by suicide in the state, developing a “parallel version of California” to predict what would have happened without the tax, according to USC.

The largest number of suicide deaths — approximately 870 — was averted in 2019, the final year studied, the study shows.

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