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Board of Equalization

Top 100 delinquent taxpayers owe $419M

Amid a crippling state budget deficit and a national debate over raising taxes on the wealthy, the California Board of Equalization has added 16 new companies and individuals to its list of unpaid delinquent sales and use taxes for the fourth quarter of 2011.

According to the tax agency, the newcomers included an oil company, a restaurant, several car dealerships, a financial adviser and an auto repossession service. In total, the newcomers owed a combined $21,169,530.

The top 100 list contains more than $419.5 million in owed taxes.

Last week, Gov. Jerry Brown proposed a ballot initiative that would raise taxes on high-income earners and increase the state sales tax by a half-cent. The proposal would generate an estimated $7 billion per year over five years for education and public safety services.

 

"The stark truth is that without new tax revenues, we will have no other choice but to make deeper and more damaging cuts to schools, universities, public safety and our courts," Brown wrote in an e-mail to supporters.

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