Tax burden for California businesses? In reality, not that bad
It's a common refrain whenever executives gather: California is tough on business, putting companies here at a competitive disadvantage.
It came up again this month during an economic-outlook conference at the Citizens Business Bank Arena in Ontario, where a discussion on the real estate market detoured into gripes about how high taxes and fees made California a terrible place to do business, triggering hearty applause from the audience of local business leaders.
But for all the bellyaching, at least one of the millstones on business -- taxes -- is not particularly heavy compared with other states, data show. What's more, the share of state taxes paid by corporations has been shrinking steadily over the years, shifting more of the load to individuals and smaller businesses.
Read more: "California's business tax burden no heavier than average."
-- Alana Semuels