California Gov. Jerry Brown speaks at a gathering of political, business and community leaders at the annual California Chamber of Commerce Host Breakfast in May 2015. Brown will release his revised budget proposal next month. (Rich Pedroncelli AP)
By Jim Miller
April 27, 2016 – 2:29 PM
- Two-fifths of taxpayers saw gains in average real income from 1995 to 2014, new data show
- That is an improvement over 1994-2013 span, when only top-fifth had real growth
- Average income of top 1 percent almost doubled over past 20 years
The wealthiest Californians paid nearly half of the state’s income taxes in 2014 after seeing an uptick in their average income from 2013, according to updated income distribution data compiled by the state Franchise Tax Board.
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