California State Controller John Chiang offers this daily tax tracker to follow personal income taxes, sales and use taxes and corporate taxes -- the three major sources of revenue for the State.
The site will be updated regularly throughout each business day. Preliminary posts use dollar figures from tax administration agencies, while the following day the Controller will post reconciled (actual cash) figures. The latest figures are always available via direct download. Preliminary sales tax figures, along with personal income tax withholdings will be available by 10:30 a.m., followed by total personal income and corporate tax receipts, along with final sales tax numbers between 1:30 and 4:00 p.m. the same business day.
The chart on the right of this screen tracks the cumulative total of income, sales and corporate tax and compares it against estimated benchmarks for the month.
California Posts Further Job Gains in March
California's
economy continues to expand as evidenced by the latest jobs report.
California added nearly 12,000 jobs in March compared with February.
This puts the year-to-year gain at a solid 325,000, or 2.2%, which means
that the state is outperforming the nation which recorded a rise of 1.7%.
As
last month's job gain was offset by more people entering the work force, the
jobless rate held steady at 8.1% between February and March. This still
represents a sizable drop from the 9.2% rate prevailing a year ago.
Job
growth has also boosted withholding taxes paid by the state's employers.
So far in April through Friday, the 18th, withholding taxes have totaled
$2.5 billion.
FTB
segregates capital gains into four major categories: stocks, residential
real estate, non-residential real estate and all other (including nonstick
securities, bonds, partnerships and S corporations). Of the first three
categories, stocks showed both the biggest reported gain ($29 billion) and loss
($15 billion) in 2011.
Capital Gains Tax (CGT) is chargeable and due in respect of gains made from sell, transfer and otherwise disposal of assets.
ReplyDeleteCapital Gains Tax can be very harsh and punishing if not planned for. That said, careful expert planning for CGT can result in significant saving of the tax and result in more of the disposal proceeds in your pocket and as less as possible of the capital gains tax.