Here’s a depressing but documented comparison of California taxes and economic climate with the rest of the states. The news is breaking bad, and getting worse (I keep updating this fact sheet):

California has the 3rd worst state income tax in the nation. 9.3% tax bracket starts at $46,766 for people filing as individuals. 10.3% tax starts at $1,000,000 LINK

Highest state sales tax rate in the nation. 7.25% (as of 1 July). 7% is next highest (does not include local sales taxes) LINK Table #15

California corporate income tax rate (8.84%) is the highest west of the Mississippi (our economic competitors) except for Alaska. LINK #8 — we are 8th highest nationwide.

California’s 2011 Business Tax Climate ranks 2nd worst in the nation. LINK

Fourth highest capital gains tax 9.3%… Read More