
Per capita state corporate income taxes: CA is third highest.
With the March election over, the next big vote comes in November. In California, the Presidential race is unimportant — the Democrat’s nominee will win in CA in a landslide, and all the Electoral College votes will be awarded to the winner.
But the fall California election will be HUGELY important, as there will literally be HUNDREDS of new tax increases on ballots across the Golden State. One statewide levy will stand out — a multi-billion dollar annual property tax increase on our beleaguered California businesses. It will be the first phase in the progressives’ attempt to gut the REAL Prop 13 that limits the taxation ofallof our real estate.
There’s much to be debated about this tax, but I’d like to start the discussion by questioning the fundamental tenet of the Democratic Party — businesses don’t pay enough taxes in our state. Of course, it’s NEVER “enough.”
Our CA property tax BILLS are actually quite high — for both businesses and homes. That’s because of the high cost of California real estate — the culmination of decades of bad state and local… Read More