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California's tax revenue is primarily composed of income tax, sales tax, and corporation tax, which can lead to fiscal volatility due to fluctuations in taxpayer income and corporate profits.
The District of Columbia emerges as the single highest federal-tax payer per person in 2024 when measured by federal income taxes and related per-capita metrics reported by tax researchers and advocac...
The share of California’s personal income tax (PIT) paid by the top 1 percent has swung dramatically over the 2000–2023 period, driven largely by asset-price cycles and temporary rate changes; availab...
California offers a mix of targeted tax credits, R&D incentives, sales-and-use exemptions for manufacturing and equipment, and discretionary deals that together create concrete financial reasons for a...
’s high top marginal income tax — which effectively adds up to roughly 13.3 percentage points to capital-gains-like income — and its residency rules shape whether a billionaire like pays state tax on ...
Gavin Newsom’s tenure has been defined by ambitious progressive programs—expanded health coverage, child care and climate investments—coupled with unfinished promises on housing and persistent politic...