New study verifies CA residents overtaxed — who knew?

Richard Rider, Chairman, San Diego Tax FightersRichard Rider, Chairman, San Diego Tax Fighters Leave a Comment

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RIDER COMMENT:  The Tax Foundation study below summarized by George Runner included the state and local taxes paid by state residents both in-state AND to OTHER states. This inclusion arguable skewed the results.

Not surprisingly, New York was found to the worst tax state.  New Jersey and Connecticut are both listed as worse than CA.

But, high as NJ and CT taxes are, they are NOT as high as CA. We “lost” to these two states only because they are NY “border states” — many of their affluent work in NYC.  When working in NYC one pays the highest combined state and local income taxes in the nation.

Without that anomaly, CA would have a lock on the SECOND worst tax state. As it is, we are “only” the fourth worst in this study.
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http://www.flashreport.org/blog/2012/10/23/californians-overtaxed/

New Study Shows Californians Overtaxed

Posted by  at 2:23 pm on Oct 23, 2012

By every measure Californians are overtaxed. The latest proof comes from a Tax Foundation report showing that the average Californian’s tax burden worsened in 2010.At a time when Californians could least afford it, our state and local tax burden was among the highest in the nation.The Tax Foundation’s Annual State-Local Tax Burden Ranking estimates the average total tax burden for residents of each state. This method takes the point of view of the individual taxpayer, counting all taxes he or she pays, no matter to which state they are paid.

According to the report, Californians paid 11.2% of their income in state and local taxes in 2010—the fourth highest tax burden of any state. Only residents of New York, New Jersey and Connecticut paid more.

In 2010 the average California resident earned $43,919 but paid $4,934 in state and local taxes—$3,953 to state and local government in California and $981 to governments in other states.Next year’s report may show some progress given the July 1, 2011 expiration of California’s temporary tax increases. However, future tax burdens remain uncertain, as Sacramento politicians are always scheming up new and creative ways to take more and more of your hard-earned dollars.Taxpayers must remain vigilant, knowing that jobs, not higher taxes, are the best way to ensure our state’s prosperity.

The full study is available at www.taxfoundation.org.

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