Tax Day: California’s Reminder to Close the Tax Loophole for Out-of-State Businesses
Not too many of us look forward to the middle of April. A time of year almost all of us dread. Tax Day.
Whether we break even, get a little back, or have to write a check to pay our state taxes, the average Californian understands, in their gut, that the state’s tax structure is broken.
It turns out that our instincts are correct. Our state tax system is not clear, it’s not rational, and it does not support the services we want to provide our citizenry. What’s more, it is riddled with exceptions that favor special interests over average Californians’. There are thousands of examples of how this is true, but consider just one: our state’s tax structure actually favors out-of-state companies and puts California businesses and California-based employees at a disadvantage.