Everything in the bill is a highly progressive tax based on percentage of earnings/revenue by individual/business: https://leginfo.legislature.ca.gov/faces/bill

Everything in the bill is a highly progressive tax based on percentage of earnings/revenue by individual/business: https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=202120220ACA11 https://leginfo.legislature.ca.gov/faces/billTextClient.xhtm... $500,000 income (at 50+ org) would be taxed $7500+4500+750+2000 = $14,750/year $300,000 income (at 50+ org) would be taxed $3750+2500+$750 = $7000/year $150,000 income would be taxed either $1000 (<50 org) or $2875 (50+ org) a year $50,000 income would be taxed either $0 (<50 org) or $625 (50+ org) a year So it's around $450,000 income that you hit that $12,500/year amount (2.7% of income) Excise tax is separate factor.