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At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
As of June 1, 2007 counties and some cities may impose an additional 1% to 3% sales tax. As of mid-2005, 35 of 46 counties do so. Restaurants may also charge an extra 1-2% tax on prepared food (fast food or take-out) in some places. The state's sales tax on unprepared food disappeared completely November 1, 2007.
According to the California Department of Food and Agriculture, "California agriculture is a $42.6 billion dollar industry that generates at least $100 billion in related economic activity." [37] The state's agricultural sales first exceeded $30 billion in 2004, [33] making it more than twice the size of any other state's agriculture industry.
Food prices soared 3.1%, making up 80% of the increase in goods prices. ... Its benchmark overnight interest rate is now in the 4.50%-4.75% range, having been hiked by 5.25 percentage points ...
Markup (or price spread) is the difference between the selling price of a good or service and its cost.It is often expressed as a percentage over the cost. A markup is added into the total cost incurred by the producer of a good or service in order to cover the costs of doing business and create a profit.
Fire insurance has become more costly—if it's available at all—in California, leading more Golden State homeowners to turn to the FAIR Plan, a government-backed insurer of last resort. But as ...
The Markup spotlights California's inflated real estate market, much of which is due to a software company called RealPage. Landlords are using AI to raise rents—and cities are starting to push back
In 1919, the California Department of Food and Agriculture was established. The department covers state food safety, state protection from invasive species, and promoting the state's agricultural industry. The Dust Bowl of the 1930s drove many people from the American prairie, and a significant number of these economic migrants relocated to ...