Resources

Displaying 1-12 of 55 results found

• 5Facts

  5 Facts to Know About Corporate Taxes in California

  Large profitable corporations in California have several strategies to avoid paying more than the minimum $800 state tax, costing the state billions in lost revenue each year.
  
  Taxes & Revenue
• Issue Brief

  Should California Voters Approve Proposition 43?

  key takeaway Proposition 43 on the November ballot would require that at least two-thirds of local voters approve any local initiative that would create, extend, or increase a special tax, starting on January 1, 2027. As communities across California are facing substantial challenges and uncertainties, this measure would make it harder for local voters to … Continued
  Ballot Propositions

  Taxes & Revenue
• Report

  Billionaire Tax Explained: What Proposition 40 Would Mean for California

  Learn About the Implications of the One-Time Billionaire Wealth Tax for Californians
  Ballot Propositions

  Taxes & Revenue
• Report

  Should Voters Approve Prop. 3? How Top Tax Rates Have Helped Californians

  A Look at What California’s Top Tax Rates Have Funded — and What’s at Risk if Voters Don’t Approve Prop. 3
  Ballot Propositions

  Taxes & Revenue
• Case Study

  How a Tax on Wealthy Households Funds Schools, Health Care & More

  Every Californian deserves quality education, health care, well-paying jobs, and the resources to build a secure future — and sustained public investment is how we get there. Recent experience shows that such investments are possible with voter-approved, progressive reforms that strengthen and expand California’s revenue base. In 2012, California voters asked the state’s highest earners … Continued
  Taxes & Revenue
• Case Study

  Clever Strategy Allowed California to Raise New Revenue Following Federal Tax Cuts

  Every Californian deserves affordable housing, health care, child care, well-paying jobs, and the resources to build a secure future — and sustained public investment is how we get there. Recent experience shows that such investments are possible with progressive reforms that strengthen California’s tax base, even when federal leaders push for the opposite. In 2019, … Continued
  Taxes & Revenue
• Glossary

  Tax and Revenue Policy Glossary

  What’s the difference between income and wealth? Taxes for individuals and corporations in California? Tax credits and deductions? Corporate revenues and corporate profits? Understanding these key terms is critical to navigating the state budget and its intersection with California’s tax and revenue system to generate ongoing resources and provide quality education, affordable health care, child … Continued
  Budget Academy

  Taxes & Revenue
• Report

  Building an Affordable California Requires Public Investment

  Communities across California face many challenges during President Trump’s second administration, from deep federal budget cuts that threaten to undermine Californians’ health, economic security, and well-being, to mounting affordability pressures and persistent inflation that have exacerbated communities’ longstanding unmet need for more affordable housing, health care, and child care. People with low incomes, immigrants, communities … Continued
  California Budget

  Taxes & Revenue
• Data Hit

  California is Estimated to Spend Over $9 Billion on Tax Breaks for Corporations

  Millions of Californians are struggling to make ends meet and the affordability crisis continues to drive up the cost of basic necessities like groceries and rent. Simultaneously, the 2025 Republican megabill — H.R.1 — is further straining the budgets of low-income households, by making unprecedented cuts to health care and food assistance, and giving out … Continued
  Safety Net

  Taxes & Revenue
• Fact Sheet

  Water’s Edge: Closing the Largest Corporate Tax Loophole in California

  Corporate profits have skyrocketed in recent years while workers’ wages have stagnated and families struggle to keep up with the rising costs of living. Despite these disparities, large tax breaks, such as the “Water’s Edge” loophole, remain in place. Big corporations have also benefited greatly from the 2017 Trump tax cuts and stand to receive … Continued
  California Budget

  Taxes & Revenue
• Issue Brief

  Profitable Corporations Can’t Keep Paying Zero in California State Taxes

  In California, workers’ wages have stagnated and families struggle to keep up with the rising costs of living, while corporate profits have skyrocketed. Yet many profitable corporations in California pay zero or very little in state taxes year after year.  Big corporations have also benefited greatly from the 2017 Trump tax cuts and are poised … Continued
  California Budget

  Taxes & Revenue
• Issue Brief

  A Graduated Corporate Tax Ensures California’s Most Profitable Corporations Pay Their Fair Share

  Corporate profits have soared in recent years, especially among a small share of large corporations. Yet because California does not have a graduated corporate income tax, large corporations pay the same tax rate as smaller ones and often have more resources to exploit tax loopholes.  Big corporations have also benefited greatly from the 2017 Trump … Continued
  Taxes & Revenue