The state sales and use tax rate for California is 7.5 percent as of June 2015, states the California Board of Equalization. Individual income tax rates range from 1 percent to 12.3 percent, and the alternative minimum tax rate is 7 percent, explains the California Franchise Tax Board.
Many local districts throughout the state charge sales and use taxes in addition to the state tax, with rates ranging from about 0.10 percent to 2 percent, notes the California Board of Equalization. The mental health services tax rate is 1 percent for individual taxable income exceeding $1,000,000, notes the California Franchise Tax Board. Corporate income tax rates range from 1.5 percent for S corporations to 10.84 percent for banks and financial institutions. The corporate alternative minimum tax rate is 6.65 percent.