California

California collects $100 billion in individual state income tax and the 204 billionaires that live there pay $23 billion of the $100 billion. Corporations pay another $28 billion. The bottom 50% of workers pay no income tax. California is proposing a billionaire’s tax that will bring in another one billion per year. California’s plan to grow the economy is to provide $600 million to various industry groups to expand. This could be done by lowering the corporate income tax but that would remove the state from control.