Issue Position: Lower Tax Burden

Issue Position

California businesses are burdened by a complex array of taxes and alternative taxes. This includes an 8.84% corporate income tax (5th highest in the county), a 6.65% alternative minimum tax, and a 1.5% franchise tax with an annual minimum of $800, owed even by companies operating at a loss. Sole proprietorships and partnerships have it even worse, being subject to the state's highest-in-the-nation personal income tax. Kevin supports reforming the corporate tax code to lower rates and simplify its structure.

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