Most Californians in the Richest 1% Would Get a Large Tax Cut if Voter-Approved Top Tax Rates Expire

Some Californians in the Next Richest 4% Would Also See Tax Cuts

Note: The estimated tax cut amounts are averages across the tax filers in each income group that would receive a tax cut. Estimates are based on projected 2027 income, although the Prop. 55 tax rates would not expire until after 2030.
Source: Institute on Taxation and Economic PolicyDownload image