California 2009 Tax Rates

The California Franchise Tax Board (FTB) has released the 2009 Tax Rates.  The new tax rates are listed below.  More information about the California state taxes can be found at the FTB website.

Schedule X — Single, married/RDP filing separately

If the taxable income is
Over	But not over	Tax is			Of amount over
$0	$7,060 (formerly $7,168)	$0.00	Plus	1.25%	$0
$7,060	$16,739	$88.25	Plus	2.25%	$7,060
$16,739	$26,419	$306.03	Plus	4.25%	$16,739
$26,419	$36,675	$717.43	Plus	6.25%	$26,419
$36,675	$46,349 (formerly $47,055)	$1,358.43	Plus	8.25%	$36,675
$46,349	And over	$2,156.54	Plus	9.55%	$46,349

Schedule Y — Married/RDP filing jointly and qualifying widow(er) with dependent child

If the taxable income is
Over	But not over	Tax is			Of amount over
$0	$14,120 (formerly $14,336)	$0.00	Plus	1.25%	$0
$14,120	$33,478	$176.50	Plus	2.25%	$14,120
$33,478	$52,838	$612.06	Plus	4.25%	$33,478
$52,838	$73,350	$1,434.86	Plus	6.25%	$52,838
$73,350	$92,698 (formerly $94,110)	$2,716.86	Plus	8.25%	$73,350
$92,698	And over	$4,313.07	Plus	9.55%	$92,698

Schedule Z — Unmarried head of household

If the taxable income is
Over	But not over	Tax is			Of amount over
$0	$14,130 (formerly $14,345)	$0.00	Plus	1%	$0
$14,130	$33,479	$176.63	Plus	2%	$14,130
$33,479	$43,157	$611.98	Plus	4%	$33,479
$43,157	$53,412	$929.33	Plus	6%	$43,157
$53,412	$63,089 (formerly $64,050)	$1,023.30	Plus	8%	$53,412
$63,089	And over	$2,462.59	Plus	9.3%	$63,089

Are California’s taxes too high? And as a result, are people leaving California for greener pastures? See the folowing article on California Myths for analysis, and the answers to these questions: Let my people go! The mythology of the vanishing California population.