California Budget Compromise Tax Changes
February 13, 2009
Here are some charts about how the California budget compromise will change some key taxes.
|
Personal Income Tax |
||
|
Income Levels |
Current Rate |
New Rate* |
|
>$0 |
1% |
1.05% |
|
>$7,168 |
2% |
2.10% |
|
>$16,994 |
4% |
4.20% |
|
>$26,821 |
6% |
6.30% |
|
>$37,233 |
8% |
8.40% |
|
>$47,055 |
9.3% |
9.77% |
|
>$1,000,000 |
10.3% |
10.82% |
|
*-Increase would be cut in half if state receives more than $9.1 billion in federal stimulus funding. |
|
Sales Tax (state and key cities) |
||
|
City |
Current Rate |
New Rate |
|
(State Base) |
7.25% |
8.25% |
|
Los Angeles |
8.75% |
9.75% |
|
San Diego |
7.75% |
8.75% |
|
San Jose |
8.25% |
9.25% |
|
San Francisco |
8.50% |
9.50% |
|
Long Beach |
8.25% |
9.25% |
|
Fresno |
7.975% |
8.975% |
|
Sacramento |
7.75% |
8.75% |
|
Oakland |
8.75% |
9.75% |
|
Santa Ana |
7.75% |
8.75% |
|
Anaheim |
7.75% |
8.75% |
|
Bakersfield |
7.25% |
8.25% |
|
Riverside |
7.75% |
8.75% |
|
South Gate |
9.75% |
10.75% |
|
Vehicle License Tax |
Current Rate |
New Rate |
|
Statewide |
0.65% |
1.15% |
|
Gasoline Tax |
Current Rate |
New Rate |
|
Statewide |
18¢/gallon |
30¢/gallon |