Quote:
Originally Posted by Rtrorkt
In most states, as I understand it, 1/3 of revenue comes from income tax, 1/3 from sales tax and 1/3 from property tax. In CA with prop 13, the property tax is less than 20% of the budget due to the rules.
|
But California has extremely state income tax, sales tax, vehicle registration taxes, etc.
So it's not surprising it doesn't follow the 1/3 1/3 1/3 proportion that you describe most states as having.
States pick and choose how they raise revenue. Some have high property taxes, but low or no income tax. Some have high income tax, but no sales tax. Etc.
California has high taxes in pretty much every category, with the exception of property tax, it must be at the high range compared to every other state for every other category.
I don't think California's financial issues are on the revenue side.