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2. California’s business tax climate is among the worst in ...

   www.aol.com/california-business-tax-climate...

   And California’s small businesses employ 7.42 million people, far ahead of second place Texas with 3.1 million. ... California’s tax rate is 8.84%, below four other states, but well above ...

3. Corporate tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Corporate_tax_in_the...

   Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of ...

4. Taxation in California - Wikipedia

   en.wikipedia.org/wiki/Taxation_in_California

   1.25% – Uniform Local Tax. 0.25% – Local County – Transportation funds. 1.00% – Local City/County – Operational funds. The statewide sales tax in California was first imposed on August 1, 1933, at the rate of 2.50% under the "Retail Sales Act of 1933." [11] No local sales taxes were levied at that time.

5. California Franchise Tax Board - Wikipedia

   en.wikipedia.org/wiki/California_Franchise_Tax_Board

   Corporate income tax. The FTB levies a franchise tax on businesses for doing business in California. The FTB's name reflects the fact that it was originally created to collect this tax. The agency's name was left unchanged even after the state created a personal income tax and added it to the FTB's responsibilities.

6. California Gov. Newsom's budget could cost businesses ... - AOL

   www.aol.com/finance/california-gov-newsoms...

   California Gov. Gavin Newsom's budget ... banning businesses with annual revenue over $1 million from deducting their net operating losses and limiting usage of business tax credits to $5 million ...

7. Is California really a high-tax state? New findings ... - AOL

   www.aol.com/news/california-really-high-tax...

   That’s partly because the top income tax rate in California for millionaires is 13.3%. In Texas, the top 1% pay an average of 4.6% in taxes, while people in Florida pay 2.7%. Neither has a state ...