California taxes

BY CC FLICKR USER NIDA (NIH), RESIZED AND RECROPPED

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Prop 55 has to do with income tax. Specifically, income tax for people who make a lot of money. Four years ago we passed a tax rate increase for people making more than 250,000 dollars a year. That extra money — about 7 billion dollars — has gone to education and health care. The increase is set to expire in 2018--but not if a majority of Californians vote yes on Prop 55.

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LEGALIZATION & LEGISLATION

Help for Preparing your 2013 Income Tax Return
Guest:  David Hellman, a Certified Specialist in Taxation Law and a CPA
Listeners with questions/comments for Chuck & David, please call 415-841-4134.
Also, this is our annual Call A CPA Night. While Your Legal Rights is broadcasting, 7-8pm, we invite you to call our off-air number with taxation questions for CPAs -- please call 800-525-9917 for your private consultation.