Page 3 - State Disability News Today

Controller Malia M. Cohen wants Congress to change the tax code to cap deferred payments, a change that could ensure the state is owed more money from Shohei Ohtani.

California Controller Malia M.

SACRAMENTO, Calif. — California Controller Malia M. Cohen wants Congress to change the tax code to cap deferred payments, a change that could ensure the state is owed more money from Shohei Ohtani. Cohen made the request four weeks after the two-way star and the Los Angeles Dodgers agreed to

California Controller Malia M

Controller Malia M. Cohen wants Congress to change the tax code to cap deferred payments, a change that could ensure the state is owed more money from Shohei Ohtani.

SACRAMENTO, Calif. (AP) - California Controller Malia M. Cohen wants Congress to change the tax code to cap de...

California tax rates are up again, this time to 14.4%, while capital gains are taxed at 13.3%. The new 14.4% rate is on earnings, while all else is taxed at 13.3%.

California taxes earnings up to 14.4%, and capital gain at up to 13.3%. Yet some people argue that many Texans pay much more in combined taxes than Californians.

Baseball superstar Shohei Ohtanis new contract could have the added benefit of avoiding most of Californias income tax. Ohtani agreed to a $700 million contract with the Los Angeles Dodgers

This contract is extremely favorable to the Dodgers from a business perspective. It may also be extremely favorable to Ohtani’s tax bill.