2017 California Income Tax Rates

2017 California income tax rates extended by Proposition 55
Proposition 55 Tax Extension To Fund Education and Healthcare, General Election November 8, 2016. Extends the 2017 California income tax rates through 2030.

The temporary California income tax rate of 13.3% is still in effect for tax year 2017 and has been extended through 2030 with the passage of California Proposition 55 in November, 2016. The California tax rate tables found in our income tax rates section will show the same nine (or add a tenth) CA income tax bracket once the State Of California Franchise Tax Board releases their official 2017 California Tax Rates and Exemptions publication.

As it looks now the 2017 California Tax Rates will be 1%, 2%, 4%, 6%, 8%, 9.3%, 10.3%, 11.3%, 12.3%, and 13.3% for Single, Married Filing Jointly, Married Filing Separately, and Head of Household statuses. The official 2016 California income tax rates schedule published by the State Of California Franchise Tax Board stopped at the high 12.3% income tax rate. Adding the 1% millionaire's tax yields the "temporary" highest income tax rate of 13.3% which was scheduled to expire in 2018. While we expect the 2017 California tax rates to remain unchanged from last year, the 2016 income tax bracket amounts should increase due to the annual inflation adjustment.

California Proposition 30 and California Proposition 55

While preparing their income tax returns, California taxpayers might be wondering if their money is being spent as promised. California Proposition 30 was approved in 2012 which was the initial justification for the temporary income tax increase. It might be helpful to review the arguments in favor of California Proposition 30, and the arguments against. Likewise for the more recent California Proposition 55. Click the links below to view the official summary and analysis, arguments in favor of and against these two propositions.

After you have refreshed your memory with the arguments in favor of and against, we thought it might be useful to look at these next two links. If you have kids in a California K-12 school click on that link below. If you are a student in a California Community College, or a parent of a student in a Community College, click on that link. You should then be able to view the Track Prop 30 site and find the Audit Report for your K-12 school or community college. Start at year 2012-13 and compare the financial statements, line by line, with the subsequent years 2013-14 and 2014-15 for example.

Over half of the California state budget is spent on Education. What was the California Proposition 30 money used for in your district?

Filed Under: income tax