Displaying 1-12 of 52 results found
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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 … ContinuedCalifornia BudgetTaxes & 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 … ContinuedCalifornia BudgetTaxes & 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 … ContinuedTaxes & Revenue -
Fact Sheet
Legal Loopholes: How Corporations Reduce Their California Tax Bill
In California, workers’ wages have stagnated and families struggle to keep up with the rising costs of living, while corporate profits have skyrocketed. Big corporations have also benefited greatly from the 2017 Trump tax cuts and are poised to receive more benefits from the federal tax and budget bill just enacted by the Trump administration … ContinuedTaxes & Revenue -
Data Hit
Fair Taxes, Strong Communities: Closing Loopholes to Support Californians
California faces a budget shortfall, but instead of cuts that harm communities, the state can raise revenue equitably by closing ineffective tax loopholes that benefit the wealthy.California BudgetTaxes & Revenue -
Fact Sheet
California’s Undocumented Residents Make Significant Tax Contributions
key takeaway California’s undocumented residents contribute nearly $8.5 billion in taxes, playing a crucial role in supporting public services while remaining excluded from essential programs. All Californians should be able to live thriving lives and participate in their communities, regardless of their race, ethnicity, age, gender identity, sexual orientation, ability, or immigration status. California is … ContinuedHealth & Safety NetTaxes & Revenue -
Commentary
How California Leaders Can Improve the Oversight and Evaluation of State Tax Expenditures
California BudgetTaxes & Revenue -
Commentary
A California For All Requires Fair Taxation
A California for all, where everyone has access to economic opportunity, affordable housing, comprehensive health care, quality education, sufficient child care, and other basic needs, is possible. Policymakers can achieve this vision by advancing fairer taxation to prevent cuts during budget shortfalls like the one we face today and address the vital long-term needs of … ContinuedTaxes & Revenue -
Fact Sheet
Building Prosperity: Fair Corporate Taxes, Strong Communities
California corporate profits soar at record highs, yet pay less in taxes than ever. Learn how equitable taxes could benefit everyone.Taxes & Revenue -
Fact Sheet
State Corporate Taxes Are a Tiny Share of Total Corporate Expenses
key takeaway Despite record profits, corporations pay a tiny fraction of their California expenses in taxes — just 0.11% on average. Modest corporate tax increases could generate substantial revenue to boost income for families in poverty, fund crucial public services, and address economic inequality, especially for Californians of color. State tax revenues make possible the … ContinuedTaxes & Revenue -
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 StateTaxes & Revenue
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