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:

California has the 2^nd 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 2^nd highest state (Hawaii), 34% higher than the 3^rd highest state (Oregon), and a heck of a lot higher than all the rest – including six states with zero state income tax.  

CA has the highest state sales tax rate in the nation.  7.25% (does not include local sales taxes).

CA corporate income tax rate (8.84%) is the highest west of the Mississippi (our economic competitors) except for Alaska.

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.

Read more at Fox and Hounds Daily