income tax – California Globe

On the Naughty List Again: California Has Third-Worst Tax Climate in the U.S.

November 29, 2024 7:08 amNovember 29, 2024 7:17 am

Having one of the highest costs of living in the country, California’s tax climate is the third-worst in the country, AGAIN, ahead of only New Jersey and New York, the Tax Foundation recently reported. This is the 13th year California is...

California’s War on Business Harms Everyday Residents

October 30, 2024 2:58 pmOctober 30, 2024 2:58 pm

It is no secret that California is becoming an increasingly difficult place to do business. With the highest state income tax rates in the country, steep commercial real estate prices and a complex regulatory framework that includes extensive environmental requirements...

California Loses Another 817,000 Residents in 2022 to Other States

October 27, 2023 8:49 amOctober 27, 2023 8:49 am

In 2022, 817,000 Californians moved to other states. “The nation’s exemplar of liberal governance continued to shed residents at a dizzying pace in 2022, with 817,000 Golden Staters moving to other states — including 150,000 to red regions like Texas...

Advocacy For a ‘National Divorce’ Heats Up Again

March 6, 2023 2:24 amMarch 6, 2023 11:00 pm

Rep. Marjorie Taylor Greene (R-GA) is no shrinking wallflower. Elected in 2020 as a MAGA Republican, she has been an outspoke conspiracy advocate and a lightening rod for controversy. It is doubtful she has ever been accused of holding...

Budget Trailer Bill on Tax Conformity

February 20, 2021 8:04 amFebruary 23, 2021 8:03 am

On February 17, Assembly Bill 80 was gutted and amended to be a budget trailer bill as part of the “early action” package and Assemblywoman Autumn Burke (D-Marina del Rey), was made the author of the bill. AB 80 would...

California’s General Fund Relies on the Super Rich and Federal Bailouts

January 13, 2021 2:15 amJanuary 13, 2021 6:11 pm

One of the biggest reasons California’s technology moguls supported the Biden/Harris candidacy had nothing to do with ideology. It had to do with their pocketbooks. Because with a Californian presiding over the Senate, and a Californian Speaker of the House,...

Should Last Summer’s Business Tax Hikes Be Curtailed?

January 11, 2021 12:16 pmJanuary 11, 2021 12:19 pm

Last June, the California Legislature passed the Governor’s proposals from his May Revise to raise $9 billion over three years by retroactively suspending the use of net operating losses (NOLs) for individuals and businesses, as well as retroactively capping the...