Hmmm. I thought we were so good on property taxes, on account of Prop. 13 — unless you are a new company that needs a new building, or employees of that company being transferred in from another state and have to pay on current market value so that others can pay on 1978 market value — granny or her lucky kids who get to inherit the house without reassessment.

Still, I don’t think there is such a thing as a corporate income tax in California, just the same income tax that individuals pay. No, I’m not defending the 9.3%. I agree the business climate here sucks, for many reasons, including deteriorating infrastructure, schools and universities.

California has a corporate income tax rate of 8.84%. This is separate from the personal income tax.

See here: http://www.ftb.ca.gov/forms/2011_California_Tax_Rates_and_Exemptions.shtml

Alaska, Illinois, Maine, Minnesota, New Jersey, Pennsylvania, Rhode Island, and Washing D.C all have higher corporate income tax rates for large corporations.

See here: http://www.taxadmin.org/fta/rate/corp_inc.pdf

California’s 2011 Business Tax Climate Ranks 49th
California ranks 49th in the Tax Foundation’s State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes; individual income taxes; sales taxes; unemployment insurance taxes; and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Washington (11th), Oregon (14th), Arizona (34th), Nevada (4th) and Hawaii (22nd).
50-State Comparison of Business Tax Climates (data only)
2011 State Business Tax Climate Index, Eighth Edition (full study)

http://www.taxfoundation.org/research/topic/15.html

This is a legit question for Elwood, or whoever can answer, about California having the second highest tax rate on corporations. Is there such a thing as a specific corporate income tax in California? Or is it that they pay on the same scale as individual taxpayers? If the latter, a profitable corporation would have most of its income taxed at the 9.3% rate. I’ve never found a specific corporate income tax listed and defined on the Franchise Tax Board web site.

The cops were given orders to clear the area. The “students” were resisting. The cops were simply doing their job as they had been trained to do.

“we have to have corporations pay their fair share in taxes.”

California corporations are taxed at the second highest rate in the country, second only to Taxachusetts. No wonder businesses are leaving and new ones don’t want to come here.

Isn’t liberal rhetoric fun?