Dedicated to Empowering and Informing the Burlingame Community

The IRS announced that Tax Day will be April 18th this year because the 15th is a holiday in D.C. so it cannot be that day.  Yesterday's Wall Street Journal had some interesting statistics from the Tax Foundation on where we stand tax-wise in the country vs. the other 49 states.  Here's our ranking:

Individual income taxes        48th

Corporate taxes                    33rd

Sales taxes                            49th

Property taxes                       16th

Overall                                  49th

Ouch!  49th overall.  The editorial goes on to say "Mr. Brown will then honor his campaign promise to take a tax increase for voter approval in a June referendum."  We'll be watching for that!

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2 responses to “Death and Taxes in CA”

  1. Interesting California reform initiative, with financial backing (I read about it in today’s Financial Times – they require subscription for access, so here’s a related story from the Sacramento Bee):
    http://www.sacbee.com/2010/12/25/3280493/nicolas-berggruen-invests-in-california

  2. Very interesting article, Lorne. Perhaps the Think Long Committee could team up with California Forward, which is arguing for fundamental changes in the way our state works.

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