California taxes are divided into three different categories such as property taxes, income taxes, and sales taxes. The first that is highlighted is the income tax, since it is paid on personal income and varies according to the size of the property. There are six different tax brackets and one percent tax will be deducted for the first $6,622 of income, and this rate increases to about two percent when the new tax brackets are between $6,000 and $15,000.
The third tranche due is the one in the range of $15,000 to $24,000 and the rate for this is four percent. And as the tranches go up, so does the percentage by two percent and when it gets to nine or ten percent, then it’s due. Is there a one percent surcharge for income over $1 million, making it the highest income margin tax rate in the state of California? The filing of your tax returns must be done before April fifteenth of each year, they must be done in the following forms form 540A, form 540, form 540EZ and also form 540-ADS.
If couples are going to file the due returns together, the tax brackets will be doubled, the sales tax issue is very different all over California. In 2002, the rate was about 7.24 percent and includes state taxes, local taxes, and also county taxes, and the state component is about 6.25 percent and can vary by state.