A California state senator has sponsored a bill that would ask Californians to vote on whether the state should implement a tax on the estates of the richest residents.
With the holidays over and the arrival of the new year, our attention turns to a topic much less festive and heartwarming.
It's the holiday season, and we'll be bombarded with ads for TVs and toys and other trinkets. But the minute the new year rolls around, Californians will face a new season with all new - and less fun -- advertisements: tax season.
We've heard a lot of enormous numbers thrown about lately when it comes to lottery jackpots. There's been $1.6 billion. How about $620 million? They're mind-blowing and life-changing numbers.
Owning a home in California is an expensive proposition.
There's so much to know and so much to do when you open a business in California. One of the biggest things to learn about?
Most people don't really know that much about federal estate taxes, and the confusion has only increased in the last year since the Tax Cuts and Jobs Act went into place.
The U.S. Supreme Court has ruled that states can require online retailers to collect state sales taxes on goods delivered to their residents and businesses. Previously, states only had the power to force retailers to collect such taxes when the retailer had a physical location in the state. Some experts believe the ruling could have as big an impact as last year's Tax Cuts and Jobs Act because it levels the playing field between online and brick-and-mortar enterprises.