California Taxes: More Than Sticker Shock
by Byrne Hobart
Categories: Uncategorized
Californians pay the highest sales tax in the nation. Their top-bracket earners have the second-highest income tax rate in the country. The middle class to upper class — those making $48,000 to $1 million — are right up there among the most highly taxed, too. California’s gas tax, at 35.3 cents per gallon, is third-highest in the nation. Corporations face the highest tax rates in the West.
California is famous for having high taxes, but they’re still a subject of perennial debate. Outside of California, the facts are pretty stark: state residents take home less of their paychecks than almost anyone else, and more gets taken out of the after-tax money they spend. Add that… Read more…




