Prop 30 passed, the truth is that the poor still pay a heftier share of their income in taxes than the wealthy. Last week, the California Budget Project (CBP) released their annual report “Who Pays Taxes on California?”, and it appears that the post Proposition 30 landscape is far from apocalyptic for the top 1%.
By the broadest measure of revenue collection, “Taxafornia,” despite its largely progressive tax system, ranks 15th in the country in total “own source” revenue, and the poorest among us pay the highest share of their family income in taxes.
Indeed, as the CBP report outlines, “California’s lowest-income families pay the most in taxes, when measured as a share of family income. This is true even after accounting for Proposition 30’s temporary personal income tax increases for very wealthy Californians, which took effect in 2012.
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