Lawmakers and local officials want to unleash an avalanche of new taxes on Californians in 2026, slugging everyone from big and small business owners to everyday consumers.
The new tax push comes just as gasoline tax increases yet again this summer — with drivers receiving little notification beyond a sneaky mention on an obscure government webpages.
In Sacramento and San Francisco, lawmakers and unions are crafting new taxes to go after landlords with vacant properties and businesses, big and small.
The most controversial proposal is the billionaire’s tax, which has already seen anestimated trillion dollars in wealth fleeing the Golden State.
In Los Angeles, county supervisors seized on Gov. Gavin Newsom and the Legislature’s frequent waiving of a 2% cap on local sales tax to pushanother half-cent sales tax increase, meaning Angelenos face paying an eyewatering 10.25% every time they arrive at the cash register.
Meanwhile, California’s absurd gas taxes —the highest of any state in America— will be jacked up again in July because lawmakers and former Gov. Jerry Brown signed off on SB 1 in 2017, which locks in excise increases on gasoline and diesel based on the annual rate of inflation.
“The overall picture is one of high taxation and taxes that don’t exist in other states,” Jared Walczak, a senior fellow at the Tax Foundation.
A study by the Tax Foundation found the California ranked only behind Washington D.C. and New York for the highest combined state and local per capita tax at $10,319 per year.
But for California’s lefty lawmakers and the advocates, that’s not enough. They want to be number one.
And a sampling of new taxes on the menu include the AB 1790, orthe “water’s-edge” election, a corporate tax change putting more pressure on companies employing millions of Californians.
Source: California Post – Breaking California News, Photos & Videos
