Dr. Lawrence J. McQuillan, director of Business and Economic Studies at PRI, estimated the effect on California’s economy of a five-percent flat-rate income tax on all personal income above $30,000 and on all corporate income. He generated the numbers using the California State Tax Analysis Modeling Program (Cal-STAMP), PRI’s proprietary statistical model of the California economy that measures how changes in the state’s taxes affect its economic activity. Read more ...
