Commentary California’s state budget is inordinately dependent on taxing the incomes of wealthy residents. Gov. Gavin ...

"California is the largest contributor of tax revenue to the federal treasury by far," Padilla wrote Jan. 27 on X. "In 2022 alone, California paid $83 billion more to the federal government than it ...

Taxpayers are encouraged by the IRS to prepare for filing their 2024 federal income tax ... while smaller California cities ...

To show the indeterminacy of an optimal state income tax rate consider California. An infamously high-tax state nevertheless gave birth to Silicon Valley and became ground zero for the high-tech ...

The bills would raise the minimum credit for those with low wages and the age for the state's young child tax credit.

In California, the deadline to file a state or federal income tax return for 2024 is Tuesday, April 15. You can request a six ...

New York and California legislators and governors saw it as a deliberate hit by Republicans, including Trump, on blue state finances ... states with low or no income taxes, such as Nevada, Texas ...

That would be one of the highest combined state-and-local rates in the country, behind only New York, New Jersey and California. It’s merely five basis points shy of the income-tax rate in the ...