California Economy and Taxes
 



How Long Do Firms Take from Founding to IPO? August 18, 2021

It's most common for a larger firm to go public 8 to 10 years from its founding date.


U.S. Retail Sales Update: July 2021 August 17, 2021

U.S. retail sales (seasonally adjusted) fell 1.1 percent from June to July. Retail sales remain elevated due to dramatic growth in January and March. 


California New Business Creation: July 2021 August 9, 2021

New business creation slowed in July, but still remained above the typical level for the month.


Building Permits Update: June 2021 August 5, 2021

California builders recorded 10,685 housing permits in June, a so-so number for what is typically the biggest month of the year. 


Home Prices Update: June 2021 July 28, 2021

The California home price surge continues to accelerate: up 2.8 percent in June and 18.7 percent over 12 months.


Home Sales Update: June 2021 July 28, 2021

California homes continue to sell briskly, with monthly sales breaking 40,000 in June.


Income Tax Withholding Tracker: July 1 - July 23 July 23, 2021

Income tax withholding from July 1 to July 23 was 17.8 percent above the same dates in 2020.


June 2021 Jobs Report July 16, 2021

California employers added an estimated 73,500 jobs in June, the smallest increase since January.


U.S. Retail Sales Update: June 2021 July 16, 2021

U.S. retail sales (seasonally adjusted) grew 0.6 percent from May to June. Retail sales remain elevated due to dramatic growth in January and March.


California New Business Creation: June 2021 July 12, 2021

Californians continue to found new businesses at an above average pace.


Net Taxpayer Outmigration Increased During 2017-2019  July 6, 2021

New IRS data show that the state had higher net losses of income tax filers during 2017-2019 than the prior five years. 


Building Permits Update: May 2021 July 5, 2021

California recorded 9,291 housing permits in May, well below the totals of March and April. 


1st Quarter 2021 Personal Income Report June 28, 2021

California personal income rose 9.3 percent in the first quarter, mostly reflecting federal stimulus payments.


Income Tax Withholding Tracker: June 1-June 25 June 25, 2021

California income tax withholding continues to surge, as June collections to date are nearly 25 percent above last June.


Home Sales Update: May 2021 June 24, 2021

California home sales remained high in May, but unusually declined from April.