Proposition 30 would increase personal income taxes for seven years on those who earn over $250,000 in annual earnings a year and would increase the sales and use tax by a quarter-cent for four years to 7.5 percent statewide. Take note, however, that cities often have additional sales and use taxes on top of the state one. For example, Los Angeles' rate is currently 8.75 percent and would be bumped up to 9.0 percent.
All revenues from the tax would go to education, mostly K-12. Prop 30 also constitutionally guarantees funding for public safety services that the state used to cover (some jailing, court security, child abuse prevention, and more) but recently passed on to local governments.
Read our Prop 30 Cheat Sheet
for more information.
: Database developed by Brian Frank
. Additional reporting by Daniel Medina
Top Photo: 401KCalculator.org/Flickr/Creative Commons License