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Column: California's pot tax came in way below projections and not for the reason you think Los Angeles Times 2026 California Tax Rates & Rankings Tax Foundation Californians face two competing tax measures this November. The first is the Billionaire Tax Act, a onetime, 5 percent levy on the accumulated net worth of the state's richest residents. Lesser known California is America's cigarette smuggling king Mackinac Center Tobacco & Cigarette State Excise Tax for 2026 Tobacco Tax Revenue Has Gone Up in SmokeAnd Not Entirely for the Reason You Think U.S. GAO
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