Tag "Tax Foundation"
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IRS could easily block state plan to increase tax deductions
Democratic state lawmakers’ interest in pursuing an unprecedented plan to minimize the hit that California’s high-income residents face because of the federal tax overhaul’s $10,000 cap on deductibility of state and local taxes may be losing momentum – undermined by strong
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California “donor state” status a political football
Some Californians have long complained of their state’s status as a so-called “donor state” — one that sends more money to Washington than it receives. But as political tensions with the White House have heated up, and some federal 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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Today is CA Tax Freedom Day
For Californians, today is Tax Freedom Day. That means, if you had to pay all your taxes first before getting any of your earnings for yourself and your family, from Jan. 1 to April 29, every cent would go to
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CA imposes taxes near highest in the U.S.
If Tax Day 2014 had you feeling down, consider how much less you would have paid in another state. According to a report on state and local tax rates published by WalletHub, California has the second-highest local and state tax
Read MoreGovt. gasbags silent on gas tax boon
Nov. 1, 2012 By Katy Grimes While nearly every politician in America publicly decries the high cost of gasoline and fuel costs, most are also strangely silent about the soaring gas tax revenues that states are currently enjoying. Californians always
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