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California State Income Tax
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State may toss tax cuts of 1990s (Ventura County Star)
In retrospect, those good times in the 1990s went by pretty fast, but they have had lasting and positive consequences for California taxpayers. A series of tax cuts enacted in the late '90s have remained on the books, even with the boom times long gone. Now, for the first time in years, people in Sacramento are beginning to seriously talk about revisiting them. Economic troubles strain U.S. state finances (International Herald Tribune)
About half of the state legislatures in the United States are scrambling to plug gaps in their budgets, shot through by rapid declines in corporate and sales tax revenue, distressed housing markets and a national economy on the verge of a recession. Taxman to tap iTunes downloads? (WorldNetDaily)
A Democrat in the California State Assembly has introduced a plan that would tap into the lucrative flow of money on the Internet, and apply what amounts to a sales tax on every download of a digital file, such as songs from the popular iTunes website. State corporate tax rates (Orange County Register)
California's corporate taxes are higher than all other developed nations and most other states, according to the Tax Foundation Washington D.C. advocacy organization. California business tax rate higher than most nations' (Orange County Register)
The state ranks No. 11 nationwide, which the Tax Foundation warns could hurt competitiveness. Top tax breaks and cuts recommended by analyst (The Fresno Bee)
Here are the 10 largest tax breaks provided by the state of California and the estimated amount of revenue they will cost the state in the next fiscal year: Deficit puts tax breaks under scrutiny (The Monterey County Herald)
SACRAMENTO — Winning a California lottery jackpot won't force you into a higher state income tax bracket, but if you strike it rich at the horse track or casino the state taxman will want a cut. Buy a yacht, motor home or airplane in California and you'll pay a hefty sales tax bill. California accountant accused of tax fraud faces new lawsuit (North Platte Telegraph)
Dr. Michael Koning, a former North Platte anesthesiologist, has filed a lawsuit against his brother-in-law, Lowell Baisden, accusing the accountant of professional negligence and misrepresentation. The lawsuit is just the latest chapter in a long series of legal actions involving Baisden, an accountant from Bakersfield, Calif., who was put on trial for tax fraud by the U.S. Department of ... Tax breaks facing scrutiny (Contra Costa Times)
SACRAMENTO -- Winning a California lottery jackpot won't force you into a higher state income tax bracket, but if you strike it rich at the horse track or casino the state tax collector will want a cut. Tax breaks under scrutiny as California battles $16 billion deficit (North County Times)
SACRAMENTO -- Winning a California lottery jackpot won't force you into a higher state income tax bracket, but if you strike it rich at the horse track or casino the state taxman will want a cut.
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