A Large Share of Profitable Corporations Only Pay the $800 State Minimum Tax in California
Share of Profitable Corporations Paying No California Corporate Tax Above Minimum Tax, 2018-2023
Multiple donut charts showing the share of profitable corporations that paid only the $800 minimum tax in California versus those that paid more than the minimum tax for years 2018 through 2023. The share of corporations that paid only the $800 minimum tax ranged from 44% to 50% across those years.
