Report Finds Corporations Pay Far Less of Their California Income in State Taxes Than a Generation Ago

SACRAMENTO, May 27, 2020 – California’s state budget would have received $11.2 billion more revenue in 2017 had corporations paid the same share of their income in taxes that year as they did in 1981, according to a new report from the California Budget & Policy Center. As California faces an estimated $54 billion budget […]