Making the Case for Public Investments in California

Improving Corporate Taxation Is Necessary for Building a Just and Equitable State

Corporations are contributing roughly half as much of their California profits in state taxes than four decades ago. In the early 1980s, corporations paid more than 9.5% of their profits in state corporation taxes. In contrast, corporations paid just 4.9% of their California profits in corporation taxes in 2020. Corporations pay less of their income … Continued