CA tax revenue from tech stock options withholding

Stock-equity withholding from California's largest tech companies, including Apple, Nvidia, Google, Meta and Broadcom, as a percentage of the state's total income-tax withholding.

Bar chart of percentage of tech companies' stock-pay withholding as share of total income-tax withholding for California

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Analysis is from SEC filings by the companies mentioned above, plus Intel, Cisco, AMD, Intuit, Paypal, Applied Materials and Qualcomm, based on available data through Q2 2025. Figures assume that 80% of restricted stock unit recipients are California residents for tax purposes.

Chart: Levi Sumagaysay, CalMattersSource: Legislative Analyst's OfficeGet the dataCreated with Datawrapper