EDITORIAL: BREAKING BAD–CALIFORNIA VS. THE OTHER STATES

By Richard Rider, Chairman, San Diego Tax Fighters

August 21, 2009 (San Diego) — Here’s a depressing comparison of California taxes and economic climate with the rest of the states. The news is breaking bad, and getting worse (I keep updating this article):

California has the 2nd highest state income tax in the nation: . 9.55% at $48,000. 10.55% at $1,000,000

Our state is by far the highest state sales tax in the nation. 8.25% (not counting local sales taxes)

We have the highest state car tax in the nation – at least double any other state. 1.15% per year on value of vehicle.

Our corporate income tax rate is the highest in the West. 8.84%

California’s 2009 Business Tax Climate ranks 48th in the nation.
taxfoundation.org/

We have the fourth highest capital gains tax 9.55%
thereibrain.com

We also have the highest gasoline tax (averaging 64.5 cents/gallon) in the nation (July, 2009). When gas hits $3.00/gallon, we are numero uno – because unlike many states, we charge sales tax on gasoline purchases (built into the price).
api.org

Our state has the fourth highest unemployment rate in the nation. (July, 2009) 11.9%. National rate 9.4%.
bls.gov/news.release
Read the rest of the report here

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