Capital gains tax in CA?

On the tax board website it says: California does not have a lower rate for capital gains. All capital gains are taxed as ordinary income.

https://www.ftb.ca.gov/file/personal/income-types/capital-gains-and-losses.html

So this means for someone making $400K, taxes paid on a long term sale would be:

15% federal capital gains tax
11.3% California tax rate
= 26.3% total capital gains tax

On top of the ~37% fed + state tax rates already paid on your income?

Capital gains and losses | FTB.ca.gov Ca