Please ensure Javascript is enabled for purposes of website accessibility
The Best Story You'll Ever Read on California Taxes
GV-Wire-1
By gvwire
Published 7 years ago on
May 9, 2018

Share

Politicians, special interest groups and taxpayer advocates make all kinds of claims about California taxes.
As voters gear up for the June 5 primary, they deserve to know the facts about California’s tax burden — and where those public dollars are spent.
Judy Lin of CALmatters digs out the facts in this must-read story: “The open secret about California taxes.”

Story Is Written So Everyone Can Understand It

One of the best things about the report is that you needn’t be an accountant or have a degree in finance to understand it.
Here are a couple nuggets from her report:

— California has the 10th highest taxes nationally, both per capita and as a percentage of personal income. This calculation is based on the latest available data from the U.S. Census.
— Health and education “dominate” California’s public expenditures.
Lin breaks down the complexities of California’s taxes and revenue streams this way:

How It Works Now

  1. How much we pay
  2. Where the money goes
  3. What other states do

The Tradeoffs We’re Making

  1. There’s instability
  2. The Silicon Valley factor
  3. Unintended consequences
  4. Housing’s more expensive now
  5. The system is outdated
  6. The poor get hurt

So, arm yourself with the facts. That way, you can separate the truth from the lies when people running for office or pushing ballot measures talk about California taxes.
You can read the story in one sitting. Or take it a few bites at a time. Either way, you can read it at this link.
(Lin’s reporting was supported with a grant from the Ravitch Fiscal Reporting Program at the CUNY Graduate School of Journalism.)

DON'T MISS

Fresno State Hires New Offensive Coordinator, Keeps John Baxter

DON'T MISS

Cats Can Get Sick With Bird Flu. Here’s How to Protect Them.

DON'T MISS

Who Is Making a Difference in Fresno? Explore This List of 2024’s Shining Stars

DON'T MISS

Americans Spend Like the Party Will Never End, but US Deficit Could Trigger Crash

DON'T MISS

Got a Ticket? Friday’s Mega Millions Climbs to $1.15 Billion

DON'T MISS

Your College Football Team, Now Brought to You by Whiskey

DON'T MISS

Most Medical Debt Can’t Hurt Your Credit Score Under New CA Law

DON'T MISS

Dead Body Is Found in Wheel Well of United Airlines Plane After Landing

DON'T MISS

AI Is a Game Changer for Students With Disabilities. Schools Are Still Learning to Harness It

DON'T MISS

Israeli ‘Earthquake’ Missile Strikes in Syria Register on the Richter Scale

UP NEXT

Cats Can Get Sick With Bird Flu. Here’s How to Protect Them.

UP NEXT

Americans Spend Like the Party Will Never End, but US Deficit Could Trigger Crash

UP NEXT

Got a Ticket? Friday’s Mega Millions Climbs to $1.15 Billion

UP NEXT

Your College Football Team, Now Brought to You by Whiskey

UP NEXT

Most Medical Debt Can’t Hurt Your Credit Score Under New CA Law

UP NEXT

Dead Body Is Found in Wheel Well of United Airlines Plane After Landing

UP NEXT

AI Is a Game Changer for Students With Disabilities. Schools Are Still Learning to Harness It

UP NEXT

Israeli ‘Earthquake’ Missile Strikes in Syria Register on the Richter Scale

UP NEXT

Israeli Attorney General Orders Probe Into Report That Alleged Netanyahu’s Wife Harassed Opponents

UP NEXT

What Is Known About a Plane Crash in Kazakhstan as Experts Suspect Russian Air Defense Fire

Americans Spend Like the Party Will Never End, but US Deficit Could Trigger Crash

57 minutes ago

Got a Ticket? Friday’s Mega Millions Climbs to $1.15 Billion

2 hours ago

Your College Football Team, Now Brought to You by Whiskey

3 hours ago

Most Medical Debt Can’t Hurt Your Credit Score Under New CA Law

4 hours ago

Dead Body Is Found in Wheel Well of United Airlines Plane After Landing

4 hours ago

AI Is a Game Changer for Students With Disabilities. Schools Are Still Learning to Harness It

5 hours ago

Israeli ‘Earthquake’ Missile Strikes in Syria Register on the Richter Scale

5 hours ago

Israeli Attorney General Orders Probe Into Report That Alleged Netanyahu’s Wife Harassed Opponents

5 hours ago

What Is Known About a Plane Crash in Kazakhstan as Experts Suspect Russian Air Defense Fire

5 hours ago

New York to Charge Fossil Fuel Companies for Damage From Climate Change

5 hours ago

Fresno State Hires New Offensive Coordinator, Keeps John Baxter

Fresno State football head coach Matt Entz announced on Thursday that he’s bringing in Josh Davis as the new offensive coordinator whi...

22 minutes ago

22 minutes ago

Fresno State Hires New Offensive Coordinator, Keeps John Baxter

22 minutes ago

Cats Can Get Sick With Bird Flu. Here’s How to Protect Them.

53 minutes ago

Who Is Making a Difference in Fresno? Explore This List of 2024’s Shining Stars

57 minutes ago

Americans Spend Like the Party Will Never End, but US Deficit Could Trigger Crash

Mega Millions ticket buyer
2 hours ago

Got a Ticket? Friday’s Mega Millions Climbs to $1.15 Billion

Ole Smoky Moonshine
3 hours ago

Your College Football Team, Now Brought to You by Whiskey

4 hours ago

Most Medical Debt Can’t Hurt Your Credit Score Under New CA Law

4 hours ago

Dead Body Is Found in Wheel Well of United Airlines Plane After Landing

Help continue the work that gets you the news that matters most.

Search

Send this to a friend