For many of the people that live in California, they are scared when it comes to doing their income taxes. When it’s time for people to do the California income taxes, it is not an exciting time. In fact, most people dread tax time; especially those that are making a lot of money! In fact, in 2005 the state had added a mental health tax of 1% for those that have an income of more than $1,000,000; making the top income tax rate to be the highest at 10.3%. However, for those people that are of normal yet lower incomes, they have nothing to worry about!
One thing that many people don’t know about the California income taxes is that the percentage of taxes being held is determined by the percentage a person makes. By that, it is obviously that they take a certain percentage; however, they start the percentage out at 1% for $6,000 in income and rises to 9.3% for over $39,000 income. However, if you make a great deal of money, the most taxes you will have to pay is 10.3%!