Chapter
California's Corporate Tax Rate and Revenue
38:24 - 45:36 (07:12)
The corporate tax rate accounts for 10% of California's revenue and the state charges an average of 9% on corporations, allowing small businesses that earn up to a million dollars annually to pay little to nothing in taxes. However, the state faces challenges in getting itself out of the financial holes it has created, and it may take decades to resolve these issues.
Clips
Corporate tax rates make it difficult for businesses to operate in some states, particularly when competing against those with no tax rate or less regulatory burdens, which can hinder small businesses even more.
38:24 - 42:02 (03:38)
Summary
Corporate tax rates make it difficult for businesses to operate in some states, particularly when competing against those with no tax rate or less regulatory burdens, which can hinder small businesses even more.
ChapterCalifornia's Corporate Tax Rate and Revenue
EpisodeE20: Robinhood wrap up, Insiders vs. Outsiders, California's failing report card & how to fix it
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
California may face challenging issues for decades to come due to legislative problems and service providers not meeting expectations.
42:02 - 45:36 (03:33)
Summary
California may face challenging issues for decades to come due to legislative problems and service providers not meeting expectations. As California goes, so goes every other state and America.