death tax – California Globe

Slay the Death Tax

January 16, 2024 4:19 pmJanuary 16, 2024 4:19 pm

Last week when Gov. Gavin Newsom was sharing his proposed 2024-2025 budget, he insisted that he was opposed to a proposed wealth tax. And sure enough, Assembly Bill 259 by Assemblyman Alex Lee (D-Palo Alto), which will impose an annual...

California’s Death Tax Unleashed a Callous Tax Increase on Californians Grieving the Death of a Loved One

January 24, 2022 2:13 amJanuary 23, 2022 9:16 pm

Californians face some of the highest taxes in the nation. We have the highest gas, personal income, and state sales tax in the country. Yet, for 35 years we haven’t had a death tax, until the narrow passage of Prop....

What Initiatives Might Be on the Nov. 2022 Ballot?

October 19, 2021 8:02 am

California voters are getting used to making state policy via the ballot initiative, due to having such a dysfunctional Legislature. Each election, there are many initiatives on the state and local ballots. What are Californians looking at for the November...

Study: Biden Death Tax Increases Could Cost 100s of Thousands of California Jobs, Billions in Economic Output

September 15, 2021 1:11 pmSeptember 16, 2021 11:36 am

“In this world, nothing is certain except death and taxes,” Ben Franklin said in 1789. And that was before America adopted an “estate tax,” commonly known as the “death tax.” “In the United States, the tradition of taxing assets at...