How would Prop. 30 impact income tax bills?
Find out whose taxes would increase, using the annual income.
A person owes an estimated $239,736.53 under the current tax structure and would not be affected by Prop. 30 if it passes.
Annual income between | Rate | Without Prop 30 | With Prop 30 |
---|---|---|---|
Total state income tax bill: | $239,736.53 | The same |
Source: California Franchise Tax Board
Note: All tax rates assume the filer is single, or married but filing separately. The $1M+ bracket was imposed by Prop. 63, approved by voters in 2004, and is the top tax bracket without Prop. 30.
Interactive: Jeremia Kimelman