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California #1 in Tax Increases

The National Conference of State Legislatures has released a new report showing that of the States that imposed tax increases last year, California’s were the most, and that last year’s tax increases were the largest in California’s history. From the Sacramento Bee:

California wasn’t alone when it boosted state taxes last year to cope with its budget deficit; nearly half of the 50 states also increased taxes, according to a new survey by the National Conference of State Legislatures.

However, California’s increase in income, sales and auto taxes was the largest in state history, pegged at the time at $12-plus billion and accounted for nearly half of the $28.6 billion in new taxes levied by 24 states.

Voters reacted sharply to the increase, which was adopted in early 2009 after weeks of political infighting, and rejected a series of ballot measures that would, among other things, have extended the taxes. Without the extension, the added levies will begin phasing out at the end of this year, worsening the chronic gap between income and outgo.

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