California tax collections tumble $30 billion in a year

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The loss is larger than the combined tax collections of 16 states – and its 46% of the $66 billion decline of all states combined.

”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.California tax collections are falling so fast that only one state took in more taxes than the Golden State lost.. This yardstick tracks taxes paid by individuals and companies – levies on income, property, sales, etc.

Now, 10 states increased collections in the past year, topped by California’s arch-rival Texas, up $656 million. California’s other big nemesis, Florida, ranked 11th-best with a mere tax dip of $34 million.

 

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