Resources

Displaying 1-12 of 73 results found

• Data Hit

  Less Than 2% of State Tax Breaks Go to Californians with Low Incomes

  California’s refundable tax credits for low-income residents make up a small fraction — less than 2% — of the state’s nearly $80 billion of tax breaks, which disproportionately benefit profitable corporations and the wealthy.
  
  Taxes & Revenue
• Report

  Three Ways State Policymakers Can Raise Revenues to Advance California’s Priorities

  Improving Corporate Taxation Is Necessary for Building a Just and Equitable State
  Taxes & Revenue
• Commentary

  Corporate Tax Breaks Hurt Californians

  In a state as wealthy as ours, no one should have to live in poverty
  California Budget

  Taxes & Revenue
• Data Hit

  Corporations Pay Far Less of Their California Income in State Taxes than a Generation Ago

  Corporations are contributing roughly half as much of their California profits in state taxes than four decades ago. In the early 1980s, corporations paid more than 9.5% of their profits in state corporation taxes. In contrast, corporations paid just 4.9% of their California profits in corporation taxes in 2020. Corporations pay less of their income … Continued
  Taxes & Revenue
• Report

  Q&A: What Would a Windfall Profits Tax Mean for California?

  What is a windfall profits tax?
  Taxes & Revenue
• Series

  Tax Justice Explained

  Let’s reimagine California’s tax code to help Californians most in need.
  Taxes & Revenue
• Fact Sheet

  Corporations Pay Far Less of Their California Income in State Taxes than a Generation Ago

  Calling California home means sharing in the responsibility of creating strong communities. Yet, corporations are contributing roughly half as much of their California profits in state taxes than four decades ago. In the early 1980s, corporations that reported profits in California paid more than 9.5% of this income in state corporation taxes. In contrast, corporations … Continued
  Taxes & Revenue
• Fact Sheet

  California Loses Nearly $70 Billion Annually Through Tax Breaks

  California will lose an estimated $69.2 billion in state General Fund revenues in 2021-22 to personal and corporate income tax breaks — or “tax expenditures.” Many of the state’s largest tax breaks primarily benefit higher-income households and businesses, while just a fraction of the state’s tax … Continued
  Taxes & Revenue
• Glossary

  Tax and Revenue Policy Glossary

  Overview What’s the difference between income and wealth? Taxes for individuals and corporations in California? Tax credits and deductions? 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 care, housing, and other … Continued
  Taxes & Revenue
• Report

  California’s Tax & Revenue System Isn’t Fair for All

  Introduction Californians need quality public health and schools, access to affordable housing and clean water, and safe roads and neighborhoods along with many more services to live and thrive – no matter one’s zip code. Accordingly, the state’s tax and revenue system must raise adequate revenue to cover the services provided by state and local … Continued
  Taxes & Revenue
• Fact Sheet

  Investment in Communities Requires a Close Look at California’s Tax and Revenue System

  Californians deserve to have quality education and affordable health care, child care, and housing. To support such services, California’s tax and revenue system needs to generate adequate ongoing resources. Policymakers must regularly examine the state’s revenue system and revise it as needed to fairly raise enough revenue to support services and investments that help Californians … Continued
  Taxes & Revenue
• Report

  Promoting Racial Equity Through California’s Tax and Revenue Policies

  Legacies of historical racist policies and ongoing discrimination in areas such as education, employment, and housing have barred many Californians of color from economic opportunities. As a result, Californians of color — particularly Black, Latinx, and American Indian Californians — are less likely to have high incomes and to have built enough wealth to be able to weather periods of income loss, retire comfortably, and pass on wealth to their children. These barriers have also made Californians of color more likely to have experienced health and economic consequences of the COVID-19 crisis. One area policymakers should consider in efforts to address these inequities is the state’s tax and revenue policies. Although these policies may appear race-neutral, they can play a significant role in either worsening existing racial and ethnic income and wealth disparities or promoting greater equity for Californians.
  Taxes & Revenue