The Top 1% Would Pay a Lower Share of Their Income in Taxes Than the Bottom Fifth if Top Rates Expire

California State and Local Taxes as a Share of Family Income

Stacked bar chart showing the estimated average state and local taxes paid by different income groups as a share of average family income, both with and without the Prop. 55 top tax rates. Without the top tax rates, the richest 1% of Californians would pay a lower share of their income in state and local taxes than the bottom fifth of Californians.

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Note: Estimates are calculated based on 2023 income levels for non-senior residents. The tax estimates include all major taxes levied by the state and local governments, including personal income taxes, sales taxes, property taxes, corporate taxes, and other smaller taxes.

Source: Institute on Taxation and Economic PolicyDownload image