Tax Increases Bring Prosperity to California | TigerDroppings.com
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Zach
LSU Fan
Member since May 2005
68376 posts

Tax Increases Bring Prosperity to California



IceTiger
USA Fan
Really hot place
Member since Oct 2007
9376 posts

re: Tax Increases Bring Prosperity to California
You too can get to 10% unemployment...



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MoreOrLes
LSU Fan
Member since Nov 2008
18268 posts
Online

re: Tax Increases Bring Prosperity to California
San Andeas Fault ......please take action


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stat19
Alabama Fan
Member since Feb 2011
12990 posts

re: Tax Increases Bring Prosperity to California
Wow.


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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
9496 posts
Online

re: Tax Increases Bring Prosperity to California
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.


Bard
LA-Monroe Fan
BR
Member since Oct 2008
17803 posts

re: Tax Increases Bring Prosperity to California
Just wait til Obamacare kicks in


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HailHailtoMichigan!
Michigan Fan
Coto de Caza, CA
Member since Mar 2012
17120 posts

re: Tax Increases Bring Prosperity to California
Don't blame my county.


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Diamondawg
Mississippi St. Fan
Mississippi
Member since Oct 2006
11927 posts

re: Tax Increases Bring Prosperity to California
I think I saw where they have a $177B debt


DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
31752 posts

re: Tax Increases Bring Prosperity to California
$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.



catnip
LSU Fan
Member since Sep 2003
10900 posts

re: Tax Increases Bring Prosperity to California
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
10900 posts

re: Tax Increases Bring Prosperity to California
The prosperity is the government taking the money.


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mtntiger
LSU Fan
Asheville, NC
Member since Oct 2003
9496 posts
Online

re: Tax Increases Bring Prosperity to California
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
16678 posts

re: Tax Increases Bring Prosperity to California
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.


DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
31752 posts

re: Tax Increases Bring Prosperity to California
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
3488 posts

re: Tax Increases Bring Prosperity to California
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


DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
31752 posts

re: Tax Increases Bring Prosperity to California
Well, Cali may be in better shape if they didn't send more than they receive from the Federal Government.


el duderino III
Texas Fan
austin
Member since Jul 2011
1589 posts

re: Tax Increases Bring Prosperity to California
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
4645 posts

re: Tax Increases Bring Prosperity to California
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
4557 posts

re: Tax Increases Bring Prosperity to California
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?


DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
31752 posts

re: Tax Increases Bring Prosperity to California
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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