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Zach 
LSU Fan
Member since May 2005
55407 posts
| Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 6:31 pm)
Good times ahead for America
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IceTiger 
USA Fan
OKC
Member since Oct 2007
8912 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 6:38 pm to Zach)
You too can get to 10% unemployment...
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MoreOrLes
LSU Fan
Member since Nov 2008
14913 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 6:38 pm to Zach)
San Andeas Fault ......please take action 
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stat19
USA Fan
Member since Feb 2011
8318 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 6:41 pm to Zach)
Wow.
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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
7731 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 6:58 pm to Zach)
It's funny how the headline focuses only on the new temporary taxes, and NOT the "deep spending cuts."
I would love to know what the state's revenue looks like after the tax hikes compared to what was projected.
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Bard 
LA-Monroe Fan
BR
Member since Oct 2008
12799 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 7:00 pm to Zach)
Just wait til Obamacare kicks in
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HailHailtoMichigan! 
Michigan Fan
Mission Viejo, CA
Member since Mar 2012
5176 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 7:01 pm to Zach)
Don't blame my county.
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Diamondawg 
Mississippi St. Fan
Mississippi
Member since Oct 2006
8268 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 7:11 pm to mtntiger)
I think I saw where they have a $177B debt
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DEANintheYAY 
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
27745 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 8:26 pm to Diamondawg)
$177B debt??
Nope. Latest figures are $1.7B.
Regarding the article, how can tax increases that were just passed and not in effect have any impact on the current recovery?
I think Prop 30 will be beneficial to California in the long run. This along with the new way to calculate the rate that out of state corporations pay, along with spending cuts that have been enacted will all lead to modest growth in the next few years. The housing market is recovering as well. Overall I think these combination of things will erase the structural deficit within 2 to 3 years.
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catnip
LSU Fan
Member since Sep 2003
8786 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 8:35 pm to DEANintheYAY)
quote:
Nope. Latest figures are $1.7B.
They must only count the revenue and not the debt. Something like the unemployment numbers or lack of before the election.
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catnip
LSU Fan
Member since Sep 2003
8786 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 8:41 pm to mtntiger)
The prosperity is the government taking the money.
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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
7731 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/28/12 at 9:50 pm to DEANintheYAY)
quote:
Regarding the article, how can tax increases that were just passed and not in effect have any impact on the current recovery?
Are you serious? Those tax increases haven't kicked in yet?
Man, that article is complete horse- shite then. As I suspected, it's the cuts that matter. Take note, Congress.
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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
12689 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 1:46 am to DEANintheYAY)
quote:
This along with the new way to calculate the rate that out of state corporations pay
One thing I definitely do not miss about living and working in California is dealing with the Franchise Tax Board. They put the IRS to shame when it comes to aggressively chasing what they feel are unpaid taxes. I used the word feel because they will twist the laws and regulations to get a result that defies rational thought.
The State Board of Equalization is not much better.
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DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
27745 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 1:52 am to Poodlebrain)
quote:
One thing I definitely do not miss about living and working in California is dealing with the Franchise Tax Board. They put the IRS to shame when it comes to aggressively chasing what they feel are unpaid taxes. I used the word feel because they will twist the laws and regulations to get a result that defies rational thought.
They are stabilizing the system a bit.
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montman01
LSU Fan
phoenix az
Member since Mar 2005
3473 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 1:55 am to Zach)
the most liberal state in america has to provide them entitlements somehow. its off the backs of those who work for a living. who else are they gonna get the money from
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DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
27745 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 2:14 am to montman01)
Well, Cali may be in better shape if they didn't send more than they receive from the Federal Government.
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el duderino III 
Texas Fan
austin
Member since Jul 2011
1423 posts
 Online
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 3:19 am to DEANintheYAY)
did you know, that that cute little diagram that shows the net donors and receivers, and is color coordinated so even idiots like you will see which states are the bad ones and which are the good ones, is actually absurdly misleading?! i know right?! I couldn't believe it either!
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redandright
Member since Jun 2011
1609 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 4:57 am to DEANintheYAY)
quote:
Well, Cali may be in better shape if they didn't send more than they receive from the Federal Government.
Well,maybe if they would quit sending fools to Congress who fall over themselves voting for Big Government, they wouldn't be sending so much.
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Willie Stroker
LSU Fan
Houston...ish
Member since Sep 2008
4321 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 7:18 am to DEANintheYAY)
quote:
Regarding the article, how can tax increases that were just passed and not in effect have any impact on the current recovery?
Didn't Prop 30 mandate retroactive income? If it passed this November, how soon can the expectation of "revenue" show up on their budget for the fiscal year?
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DEANintheYAY
Cal State Fullerton Fan
LEFT COAST
Member since Jan 2008
27745 posts
| re: Tax Increases Bring Prosperity to California (Posted on 11/29/12 at 9:23 am to Willie Stroker)
Yep. I forgot about that part of it. Not sure when all this cash will hit the coffers though.
quote:
If this proposition is passed in November, 2012, the income tax will apply retroactively to all income earned or received since the first of the year (1 January, 2012)
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