California State Tax Facts

California taxes fall into three different categories such as property taxes, income taxes, and sales taxes. The first one that is highlighted is the income tax, since it is paid on personal income and varies according to the size of the property. There are six different tax bands and the first $6,622 of income will have one percent tax deducted, and this rate increases to around two percent when the new tax bands are between $6,000 and $15,000.

The third overdue tranche is the one in the range of $15,000 to $24,000 and the rate for this is four percent. And as the tranches go up, so does the percentage by two percent and when it gets to nine or ten percent, then it’s payable. Is there a one percent surcharge for income over $1 million, making it the highest income margin tax rate in the state of California? The presentation of your tax returns must be made before April 15 of each year, they must be made in the following forms: form 540A, form 540, form 540EZ and also form 540-ADS.

If couples are going to file the returns due together, the tax brackets will double, the sales tax issue is very different throughout California. In 2002, the rate was about 7.24 percent and included state taxes, local taxes, and also county taxes, and the state component is about 6.25 percent and can vary by state.

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