California's 13.3% income tax does not distinguish between ordinary income and capital gain, growing to 14.4% in some cases. And California's tax collector is tough.
The Daily Overview on MSN
California floats 5 percent billionaire tax will the rich leave
California’s recent push for a 5% “Billionaire Tax” has sparked a heated debate about whether the ultra-wealthy will choose to comply with the new tax or relocate to avoid it. This proposal comes amid ...
California billionaires would face a one-time 5% tax on their wealth through a ballot initiative that advocates say could bring in about $100 billion to cover state health-care costs. The proposed ...
Lake County Record-Bee on MSN
California’s largest teachers union spurs drive to make income tax surcharge permanent
First adopted in 2012, this version of the income tax would hit the top 2% of earners. It would produce as much as $15 ...
California’s tax climate ranks near the bottom among all 50 states, according to a new State Tax Competitive Tax Index by the Tax Foundation. California ranks 48th, ahead of only New Jersey and New ...
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