. . . comparing the states on 118 different variables in the five important areas of taxation (major business taxes, individual income taxes, sales taxes, unemployment insurance taxes, and property taxes) . . . while also measuring the general competitiveness of their overall tax systems.
. . . estimate of the combined state and local tax burden shouldered by the residents of each of the fifty states.
. . .describing the history and implications of Proposition 13 in the context of changing economic and fiscal circumstances.
. . . provides a comprehensive overview of taxes and tax policy in California.
. . . examines who pays taxes, who doesn’t, and how California’s tax system compares to those of other states.
Overview of Governor’s Proposed Budget and key economic trends
Cost summary of Enterprise Zone program
Tesla’s biggest windfall has been the cash payments it extracts from rival car makers (and their customers), via its sale of zero-emission credits. A number of states including California require that traditional car makers reach certain production quotas of zero-emission vehicles—or to purchase credits if they cannot. Tesla is a main supplier. Take away the credits and Tesla lost $53 million in the first quarter, or $10,000 per car sold. California’s zero-emission credits provided $67.9 million to the company in the first quarter, and the combination of that state’s credits and federal and local incentives can add up to $45,000 per Tesla sold, according to an analysis by the Los Angeles Times. A Morgan Stanley MS +1.40% report in April said Tesla made $40.5 million on credits in 2012, and that it could collect $250 million in 2013. Tesla acknowledged in a recent SEC filing that emissions credit sales hit $85 million in 2013’s first quarter alone—15% of its revenue, and the only reason it made a profit.