Free at last–from state’s tax burden

By Orange County Register Editorial in The Orange County Register

April 29, 2016

Tax Day may have fallen on April 18 this year, but Americans had to work until April 24, on average, just to pay their federal, state and local taxes for the year according to the Tax Foundation, which calculates Tax Freedom Day each year. But Californians will not see their Tax Freedom Day until tomorrow, April 30, as the Golden State has one of the largest tax burdens in the nation.

It also has the most progressive income tax structure, with the top 1 percent of filers paying 45 percent of the state’s income taxes, and the top 20 percent, who earn at least $91,000, paying nearly 90 percent of the taxes, according to the Franchise Tax Board.

Read more at The Orange County Register