Tag "Taxes"

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Concerns raised over taxpayer disclosure bill

A bill that recently passed the state Assembly would make it easier to disclose confidential tax information and harass businesses, warn Republican legislators. But Assemblyman Mike Gipson, D-Carson, the author of Assembly Bill 567, asserts that his measure simply increases

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CA pension plans prompting tough tradeoffs

Despite a sounder economic footing, California’s pensions problem has deepened. That was the conclusion drawn by analysts who warned that new accounting rules would shine a startling spotlight on practices long kept in the shadows. “The Governmental Accounting Standards Board is implementing new

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Bill raising sales tax cap passes CA Assembly

Although Californians already pay some of the highest sales taxes in the nation, a bill that recently passed the Assembly paves the way for the sales tax to go even higher. Assembly Bill 464 increases to 3 percent (from the

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Road repair bill would raise transportation taxes, fees

California motorists will each be paying an extra $900 over the next five years for road maintenance if Senate Bill 16 is approved by the Legislature and signed by Gov. Jerry Brown. But that $18.4 billion increase in transportation taxes

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BOE: New services tax could boost CA revenue by $122 billion

Placing a tax on business services in California has the potential to raise an additional $122.6 billion annually for state and local governments, according to a recent Board of Equalization study. A services tax could become a reality if Senate

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Despite record tax haul, legislators pursue further increases

With a big tax surplus flowing into state coffers, California shattered records last year with a historic haul dwarfing those of other large states around the country. This year, meanwhile, legislators planned still further increases. “During the 2013-14 fiscal year that ended last June,”

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Covered CA adds greater complexity to tax system

Tax time has become even more of a challenge under the Affordable Care Act, and in California, taxpayers have found matters especially difficult. Despite racking up relatively big successes in enrollment and implementation, the Covered California exchange has struggled in

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BOE Study: Proposed tax on services would take in $122.6 billion

Just in time for Tax Day, the Board of Equalization issued a study requested by the Senate Committee on Governance and Finance estimating the revenue take from taxing untaxed services would be $122.6 billion. The study will become fodder in

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California’s income tax rate drives NFL players away

Last month on CalWatchdog.com, prompted by the efforts to build a Los Angeles football stadium and lure an NFL team, I wrote on how Proposition 13’s tax-vote provisions were influential in the moves and counter-moves on the stadium debate over public funding.

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Tax Foundation: CA has fourth-highest state taxes

The newest figures just released by the Tax Foundation show California continues to be one of the highest-taxes states in the country. According to “Facts & Figures 2015: How Does Your State Compare?” the Golden State now ranks fourth-highest for

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