The California Franchise Tax Board (FTB) has released the 2009 Tax Rates. The new tax rates are listed below. More information about the California state taxes can be found at the FTB website.
Schedule X — Single, married/RDP filing separately
If the taxable income is | |||||
Over | But not over | Tax is | Of amount over | ||
| $0 | $7,060 (formerly $7,168) | $0.00 | Plus | 1.25% | $0 |
| $7,060 | $16,739 | $88.25 | Plus | 2.25% | $7,060 |
| $16,739 | $26,419 | $306.03 | Plus | 4.25% | $16,739 |
| $26,419 | $36,675 | $717.43 | Plus | 6.25% | $26,419 |
| $36,675 | $46,349 (formerly $47,055) | $1,358.43 | Plus | 8.25% | $36,675 |
| $46,349 | And over | $2,156.54 | Plus | 9.55% | $46,349 |
Schedule Y — Married/RDP filing jointly and qualifying widow(er) with dependent child
If the taxable income is | |||||
Over | But not over | Tax is | Of amount over | ||
| $0 | $14,120 (formerly $14,336) | $0.00 | Plus | 1.25% | $0 |
| $14,120 | $33,478 | $176.50 | Plus | 2.25% | $14,120 |
| $33,478 | $52,838 | $612.06 | Plus | 4.25% | $33,478 |
| $52,838 | $73,350 | $1,434.86 | Plus | 6.25% | $52,838 |
| $73,350 | $92,698 (formerly $94,110) | $2,716.86 | Plus | 8.25% | $73,350 |
| $92,698 | And over | $4,313.07 | Plus | 9.55% | $92,698 |
Schedule Z — Unmarried head of household
If the taxable income is | |||||
Over | But not over | Tax is | Of amount over | ||
| $0 | $14,130 (formerly $14,345) | $0.00 | Plus | 1% | $0 |
| $14,130 | $33,479 | $176.63 | Plus | 2% | $14,130 |
| $33,479 | $43,157 | $611.98 | Plus | 4% | $33,479 |
| $43,157 | $53,412 | $929.33 | Plus | 6% | $43,157 |
| $53,412 | $63,089 (formerly $64,050) | $1,023.30 | Plus | 8% | $53,412 |
| $63,089 | And over | $2,462.59 | Plus | 9.3% | $63,089 |
Are California’s taxes too high? And as a result, are people leaving California for greener pastures? See the folowing article on California Myths for analysis, and the answers to these questions: Let my people go! The mythology of the vanishing California population.
