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Taxation in the United States. Proposition 13 (officially named the People's Initiative to Limit Property Taxation) is an amendment of the Constitution of California enacted during 1978, by means of the initiative process. The initiative was approved by California voters in a primary election on June 6, 1978 by a nearly two to one margin.
California offers its own free software for state taxes, called Cal File. You have to meet certain income criteria, and certain sources of income, deductions, or write-offs will make you ineligible.
t. e. The California Franchise Tax Board ( FTB) administers and collects state personal income tax and corporate franchise and income tax of California. It is part of the California Government Operations Agency . The board is composed of the California State Controller, the director of the California Department of Finance, and the chair of the ...
Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board . The statewide base sales tax rate of 7.25% is allocated as follows: [10] 7.25% – State + Local. 6.00% – State.
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Californians pay the highest marginal state income tax rate in the country -- 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases with...
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