| The taxes of California fall in three different | | | | million dollars a surcharge of one percent is applied, |
| categories such as taxes on property, taxes on | | | | thus making the highest income margin tax rate in |
| income and taxes on sales. The first one to be | | | | the state of California? The submission of your |
| put in focus is the income tax as is paid on | | | | tax returns should be done by April fifteen each |
| personal income and varies depending on the size | | | | year, they should be made on these following |
| of property. There are six different tax bands | | | | forms form 540A, form 540, form 540EZ and |
| and for the first $6,622 dollars of income one | | | | also form 540-ADS. |
| percent of tax will be deducted, and this rate | | | | If couples are going to file there due returns |
| goes up by about two percent when the new tax | | | | together the levy brackets will be doubled, the |
| bands are between $6,000 and $15,000 dollars. | | | | issue of sales tax is very different throughout |
| The third due bracket is the one that is in the | | | | California. In the year 2002 the rate was about |
| range of $15,000 to $24,000 dollars and the rate | | | | 7.24 percent and it included state taxes, local |
| for this is four percent. And as the brackets go | | | | taxes and also county taxes, and the state |
| up so does the percentage by two percent and | | | | component is roughly 6.25 percent and can vary |
| when it reaches about nine to ten percent it is | | | | depending on the state. |
| then payable. For the incomes which are over a | | | | |