PBS

IRS issues guidance on tax on tips and overtime income for 2025

The Internal Revenue Service issued guidance Friday for workers eligible to claim the deduction for tips and overtime income for tax year 2025. Notice 2025-69 provides clarification on how to ...
EdSource

California’s largest teachers union spurs drive to make income tax surcharge permanent

EdSource · How a small rural school district is setting an example for school counseling statewide California has never spent more state money on TK-12 students — more than double per student over the ...
THE WEEK

Will California tax its billionaires?

There are more than 200 billionaires in California. Now, Golden State labor leaders are pushing for tax on that wealth to help pay for education and Medicaid funding shortfalls. California lawmakers ...
Wall Street Journal

The California Campaign to Introduce a First-of-Its-Kind Billionaire’s Tax

It may get a lot more expensive to be a billionaire in California. A ballot initiative proposed by a healthcare workers’ union would take aim at the Golden State’s richest residents with a one-time, 5 ...
LAist

California Supreme Court strikes down warning on LAPD citizen complaint forms

Truth matters. Community matters. Your support makes both possible. LAist is one of the few places where news remains independent and free from political and corporate influence. Stand up for truth ...
Sacramento Bee

California has one of highest tax burdens in the nation, new study says

California’s tax climate ranks near the bottom among all 50 states, according to a new State Tax Competitive Tax Index by the Tax Foundation. California ranks 48th, ahead of only New Jersey and New ...
Fox Business

California billionaires face proposed one-time wealth tax

California’s wealthiest residents could face a one-time 5% tax on their net worth under a new proposal aimed at replacing billions of dollars in federal funding cuts to healthcare. The measure – ...
Seeking Alpha

MUC: May Only Be Suitable For The Highest-Income California Taxpayers

BlackRock MuniHoldings California Quality Fund offers tax-free income for California residents but relies heavily on return of capital in its distributions. MUC invests in long-duration, high-credit ...
Mercury News

California labor union proposes ballot measure to tax billionaires to offset Medicaid cuts

SACRAMENTO — A major union announced a proposal Thursday to impose a one-time 5% tax on billionaires in California to address federal funding cuts to health care for low-income people. Related ...
ABC7

California union proposes taxing billionaires to offset Medicaid cuts

SACRAMENTO, Calif. -- A major union announced a proposal Thursday to impose a one-time 5% tax on billionaires in California to address federal funding cuts to health care for low-income people.
Bloomberg L.P.

California Billionaires Face a Proposed 5% Tax on Wealth

California billionaires would face a one-time 5% tax on their wealth through a ballot initiative that advocates say could bring in about $100 billion to cover state health-care costs. The proposed ...