personal income tax Archives - California Globe

New Wealth Tax Proposal in California in Assembly Bill 2289

February 17, 2022 4:15 pmFebruary 17, 2022 6:04 pm

On February 16, Assembly Member Alex Lee, along with co-authors Assembly Members Wendy Carrillo, Ash Kalra, Luz Rivas, and Mark Stone, introduced Assembly Bill 2289 to create a wealth tax in California. The bill would amend Section 12651 of the...

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....

Constitutional Amendment Proposed to Enact Tax Increases for CA Single-Payer Health Care System

January 6, 2022 6:10 amJanuary 6, 2022 8:05 am

On January 5, Assembly Constitutional Amendment 11 was introduced by Assembly Members Ash Kalra and Alex Lee proposing to enact significant tax increases to fund universal single-payer health care coverage and cost controls. Co-authors include Assembly Members Mia Bonta, Wendy...

Overview of Gov. Newsom’s Retroactive ‘Revenue Raising Proposals’ in the May Budget Revise

May 24, 2020 4:01 pmMay 24, 2020 4:09 pm

As part of his May Budget Revision (the “May Revise”), Governor Newsom proposed several “revenue raising solutions.” The Governor’s Department of Finance has just released the proposed budget trailer bill language to implement this revenue raisers. The first proposal is...