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California Tax

California Tax Brackets

The California tax brackets are divided into seven marginal brackets which range between 1.00 percent and 10.30 percent, the rates of which apply to the appropriate marginal tax bracket. The rate of inflation in the California tax brackets until 2012 is at 1.9 percent. Technically, however, you pay …

Tax Rate In California

The tax rate in California in terms of individual income tax is considered as the second highest tax rate in the US which is at 10.3 percent if you have earnings that exceed $1 million. Under California law, S corporations, such as sole proprietorship and small businesses, pay the same rate as indiv…