CALIFCKD RECEIPTS DESK/ SNAPSHOT 06.NOV.2026/ 45 PUBLIC SERIES/ NO GRADE · NO FORECAST INDEPENDENT · CALIFORNIA
T04Annual (tax year) · US$ billions, nominal

What income is taxed: wages vs. net capital gains (California residents)

Wages and net capital gains are kinds of income, not taxes attributed to an industry. Sources here do not support a tech-industry tax share.

Fucked
Worse than its 2017–19 range · getting worseJudged on “Net capital gains”. Fragility: more of the tax base in capital gains means bigger revenue swings. Latest 199.5 vs 2017–19 range 136.9–148.3.
How verdicts work →
Net capital gains
199.5US$ billions (nominal) · 2024 · preliminary
Wages and salaries
1,431US$ billions (nominal) · 2024 · preliminary
Dashed / hollow = preliminary or estimate Download CSVSource & method ↓

What this is

None (nominal). 2023-2024 hollow = preliminary sample.

Unit
US$ billions, nominal
Frequency
Annual (tax year)
Geography
California resident returns
Coverage
From 1 Jul 2016 · latest observation 1 Jul 2024
Release
B-4A annually; exhibits twice a year
Typical lag
~2-3 years for final data
Source
FTB Table B-4A (CA Open Data), resident returns · data.ca.gov ↗
Vintage
B-4A edition 2023 · DOF/FTB exhibits dated Apr 2026
Pipeline
automated (FTB open-data CSV; edition URL changes yearly) + preliminary years from DOF exhibit PDF

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CaliFCKD · Snapshot 06.NOV.2026

What income is taxed: wages vs. net capital gains (California residents)
Net capital gains199.5
US$ billions (nominal) · 2024

CaliFCKD T04 · What income is taxed: wages vs. net capital gains (California residents). Latest observation 1 Jul 2024. Unit: US$ billions, nominal. Source: FTB Table B-4A (CA Open Data), resident returns. Snapshot 6 Nov 2026. Not a grade.
Every observation in this file

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