California Budget Compromise Tax Changes February 13, 2009 Joseph Bishop-Henchman Joseph Bishop-Henchman 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 Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics Center for State Tax Policy California Individual and Consumption Taxes Individual Income and Payroll Taxes
