Thursday, September 13, 2012

Breaking Bad: California vs. the Other States

Here’s a depressing but documented comparison of California taxes and economic climate with the rest of the states. The news is breaking bad, and getting worse (twice a month, I update crucial data on this fact sheet) - Richard Rider/Fox&Hounds

◼ California has the 2nd worst state income tax in the nation...
◼ CA has the highest state sales tax rate in the nation...
◼ CA corporate income tax rate (8.84%) is the highest west of the Mississippi (our economic competitors) except for Alaska...
◼ CA has the highest gas tax (tied with NY) in the nation at 67.7 cents/gallon...
◼ California in 2009 ranked 15th highest in per capita property taxes (including commercial) – the only major tax where we are not in the worst ten states. But CA property taxes per owner-occupied home were the 10th highest in the nation in 2009...
◼ CA has now instituted the highest “cap and trade” tax in the nation...
◼ California’s 2012 “Tax Freedom Day” (the day the average taxpayer stops working for government and starts working for himself) is the 11th worst date in the nation...
◼ CA has the 3rd highest state unemployment rate. (July, 2012) – 10.7%.
◼ CA needlessly licenses more occupations than any state – 177...
◼ California’s 2012 Business Tax Climate ranks 3rd worst in the nation...
◼ CA public school teachers the highest paid in the nation. CA students rank 48th in math achievement, 49th in reading...
◼ 1 in 5 in Los Angeles County receiving public aid...
◼ California has 12% of the nation’s population, but 33% of the country’s TANF (“Temporary” Assistance for Needy Families) welfare recipients – more than the next 7 states combined.

DETAILS AND MUCH MORE AT THE LINK.