California’s early taxes were disproportionate to population and wealth, and in 1870 the state created the State Board of ...
California has the highest state income tax rate in the nation for the wealthy – 13.3% for incomes of $1 million and above.
When you're living on a fixed income, every dollar matters. Retirees often find themselves looking harder at expenses they once overlooked, and taxes can quickly become one of the biggest line items.
Forbes contributors publish independent expert analyses and insights. Adam writes about state and local policy and urban economic issues. The cost of home ownership is not what it used to be. Housing ...
South Placer Fire District Station 19, shown in 2022, was closed that year due to budget shortfalls after local voters rejected a funding measure. The closure came after Granite Bay residents voted ...
Gov. Gavin Newsom often claims California is not a high-tax state. “So, this notion of even being a high tax state is B.S.,” Newsom podcasted in March. “Sixteen states tax their poorest residents more ...
In 2023, the Supreme Court issued a landmark ruling that reaffirmed a basic constitutional principle: When the government seizes property, it cannot keep more than what it is owed. And yet, until this ...