Advertisements

California Expects $14 Billion In Tax Payments This Month

Los Angeles Times


Gov. Jerry Brown’s proposed state budget is built on what taxpayers might find an audacious assumption: almost $14 billion in tax payments in the month of April, an average of $83 million collected per hour on every business day of the month.

Most of that money will come from the taxes Californians pay in advance of Tuesday night’s filing deadline for income tax returns. If history is any guide, the rate of payment could quadruple by week’s end.

Read More

Leave a comment

Advertisements