California’s economy is once again riding a powerful technology wave and this time fueled by artificial intelligence. From AI startups to publicly traded tech giants, innovation is accelerating, valuations are soaring and equity compensation is back in full force. As a result, California is experiencing a notable increase in personal income tax revenue tied to stock options, restricted stock units (RSUs), and capital events driven by the tech and AI sector.
According to recent analysis and state data, a meaningful portion of California’s income tax withholding now comes from technology-related compensation and this tends to be the […]