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Holding the line against new taxes will improve California's economic future | Open


Proposing tax increases is not something new or rare for members of the California Legislature. Each year, state lawmakers introduce myriad bills aimed at increasing taxes and fees on individuals, businesses and consumer products.
What is new, however, is that prominent individuals have begun moving out of state, citing the Golden State’s burdens on businesses and wealthy individuals who pay the vast majority of taxes received by the state. And they are not wrong. Californians, in particular businesses and wealthy individuals, continue to pay some of the highest taxes in the nation.
A recent publication by the California Tax Foundation reported that the top 5 percent of earners pay 67.2 percent of the state’s total personal income tax revenue – an increase from 66.6 percent two years earlier. ....

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