Summary
A state commission has recommended making sweeping changes to California's tax code, including eliminating most of the state's sales taxes, slashing income taxes and creating a new kind of tax on businesses.
The recommendations are aimed at making California's income more predictable. The changes, which the commission said should be phased in over five years starting in 2012, could mean lower income taxes for individuals and families but higher taxes for some businesses.See the full content of this document
Extract
Tax Commission Recommends Big Changes
The plan would simplify the state's income tax, creating two tax brackets instead of six - a notion Assemblywo...
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