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Our research reveals how California’s corporate tax system creates inequities and identifies opportunities to build economic security through fair tax policies that allow all Californians to share in the state’s growing prosperity.
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Get the Facts
California’s state budget would have received $13.3 billion more revenue in 2018 had corporations paid the same share of their income in taxes that year as they did in 1981.
California’s largest personal income tax deductions mostly benefit high-income Californians, worsening racial inequities.
California has two refundable tax credits, the California Earned Income Tax Credit (CalEITC) and the Young Child Tax Credit, which boost the incomes of Californians with incomes under $30,000.
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