Got a calculator? Rival tax plans complicate ballot

12-01-2011

By Greg Lucas/Capitol Weekly

Five groups and counting – including Gov. Jerry Brown – aim to help California by convincing voters next November to approve billions in tax increases. It’s difficult to say how many of the nearly 15 million Californians who file state tax returns would be digging into their wallets – and how deeply – if all of the measures pass, despite that being an unlikely prospect. Even examined separately, the billions add up quickly. The latest iteration of the Democratic governor’s revenue plan, which he is expected to unveil within the next few days, boosts taxes on Californians earning $500,000 or more and ratchets up the sales tax by half a cent to raise more than $6 billion. Billionaire Nicolas Berggruen’s Think Long Committee would reduce income taxes but expand the sales tax to include services like dry cleaning, auto repair and accounting. (more...)

Also: Los Angeles Times

Personal tools

Sections

Got a calculator? Rival tax plans complicate ballot

Document Actions