income tax Archives

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...

California Has 2nd Worst Taxpayer ROI WalletHub Study Reports

March 24, 2020 7:20 am

With Tax Day on Americans minds, even with the federal government allowing taxpayers to defer payment without penalty due to the coronavirus pandemic, California just placed 49th – second to last – in Wallet Hub’s Return on Investment study of...

With Tax Day Around the Corner, California Still Has Highest In the Nation Individual Income Tax Rates

February 10, 2020 7:38 amFebruary 12, 2020 8:32 am

With Californians preparing their state and federal taxes, it’s a challenge knowing that California’s 13.3% rate is the highest marginal tax rate in the nation. When you add in up to 37% federal taxes, living in California is expensive right...

Leaving California: Interviews With Californians Who Moved To Greener Pastures, Part VIII

September 30, 2019 2:57 pmOctober 1, 2019 7:01 am

What could possibly make someone leave sunny San Diego, California for a move to anywhere else in the United States? According to our latest interview on Leaving California, the climate — “California’s business climate.” Everyone is piling on California these...

Leaving California: Interviews With Californians Who Moved To Greener Pastures, Part VII

August 28, 2019 7:26 pmSeptember 16, 2019 6:33 am

‘The stress level for running a business in Nevada is much lower.’ What could possibly make someone leave Fullerton, California for a move to Henderson, Nevada? According to our latest interview on Leaving California, “they wanted us.” Everyone is...