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Tuesday, April 19, 2011

California:  Taxing Times

While having some of the highest rates on sales, corporations, and the incomes of wealthy people, California generally ranks near the upper middle of the 50 states in measuring the amount of taxes residents actually pay as a percentage of personal income. For example, the study shows that California ranks as follows:
  • 21st out of 50 in the percentage of income paid as state taxes — 6.37%, compared to the national average of 5.92%. It ranks 29th in local taxes — 3.79%, with the average among all states calculated at 4.45%.
  • 15th in combined state and local taxes, with Californians paying 11.27% of their incomes, compared to 11% nationwide, to nonfederal governments.
  • 9th in state individual income taxes — 2.8% of personal income, compared to 2.04% in all 50 states.
  • 34th in property taxes, which translates to 2.72% of personal income, compared to 3.31% nationally.
  • 18th in combined state and local sales taxes — 2.73%, compared to 2.58% for all states.
  • 4th in corporate income taxes — 0.60% of personal income, nearly twice as much as the 0.33% calculated for all states.

For more, see Taxing Times, April 14, 2011 at Santa Barbara Independent.

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