Richard Rider, Chairman of the San Diego Tax Fighters, has a great piece at Fox and Hounds Daily titled "Breaking Bad: California vs. The Other States"
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 (twice a month, I update crucial data on this fact sheet):
California has the 2nd worst state income tax in the nation.
9.3% tax bracket starts at $48,029 for people filing as individuals. 10.3% tax starts at $1,000,000. Governor Brown has put on the ballot a prop to change the “millionaires’ tax” to 13.3%, starting at $500,000 – including capital gains. If approved, CA will be by far #1 in income tax rates. We will be 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including six states with zero state income tax.
VIEW MORE INCOME TAX DATA
CA has the highest state sales tax rate in the nation. - 7.25%
This does not include local sales taxes.
VIEW MORE SALES TAX DATA
CA has the 3rd highest state unemployment rate. (July, 2012) – 10.7%.
National unemployment rate 8.3%. National unemployment rate not including CA is only 8.0%, making the CA unemployment rate 34.2% higher than the average of the other 49 states.
VIEW MORE UNEMPLOYMENT DATA
California’s 2012 Business Tax Climate ranks 3rd worst in the nation.
It only falls behind New Jersey and New York state.
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CA public school teachers the highest paid in the nation.
CA students rank 48th in math achievement, 49th in reading.
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1 in 5 in Los Angeles County receiving public aid.
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CA corporate income tax rate (8.84%) is the highest west of the Mississippi (our economic competitors) except for Alaska.
CA is 8th highest nationwide.
VIEW MORE CORPORATE INCOME TAX DATA
CA has the highest gas tax (tied with NY) in the nation at 67.7 cents/gallon (June, 2012).
National average is 48.9 cents. CA also has the nation’s 5thhighest diesel tax – 71.9 cents/gallon. National average is 53.8 cents.
VIEW MORE GAS TAX DATA
California in 2009 ranked 15th highest in per capita property taxes (including commercial) – the only major tax where we are not in the worst ten states.
But CA property taxes per owner-occupied home were the 10th highest in the nation in 2009.
VIEW MORE PROPERTY TAX DATA and LATEST FIGURES HERE (2009 latest year available)