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CA: State sees sharp drop in income tax revenue
Sac Bee ^ | 5/5/09 | Dale Kasler

Posted on 05/05/2009 9:41:00 AM PDT by NormsRevenge

California collected just $7.34 billion in personal income tax payments in April, putting further stress on the state's budget.

The state controller's office said the collections in April were down from $13 billion a year earlier. About a quarter of all income tax revenue is collected in April, the agency said.

In addition, the dismal April means the state is falling behind the revenue forecasts incorporated into the budget deal adopted by the Legislature in February.

(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; Politics/Elections; US: California
KEYWORDS: calbudget; california; caltaxes; incometax; revenue; ruhroh
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1 posted on 05/05/2009 9:41:00 AM PDT by NormsRevenge
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Barry McGuire: Eve of Destruction
http://www.youtube.com/watch?v=D8SfiCnwF28


2 posted on 05/05/2009 9:42:02 AM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: NormsRevenge

Well gee, it must be WE THE PEOPLE’S fault.It can’t be how the state is run!

California is so far into the red, they had to create a new spectrum for it. It’s called “California RED”


3 posted on 05/05/2009 9:42:41 AM PDT by cups
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down down down


4 posted on 05/05/2009 9:43:09 AM PDT by NormsRevenge (Semper Fi ... Godspeed.)
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To: cups

And just wait when the special election happens in a few weeks. They will ALL get shot down and those slap d*cks up in Sac town will throw their hands up in the air and accuse US. People are fed up with this crap here and that’s why they are leaving.


5 posted on 05/05/2009 9:44:42 AM PDT by cups
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To: calcowgirl; Liz

Ouch!


6 posted on 05/05/2009 9:44:44 AM PDT by rabscuttle385 ("If this be treason, then make the most of it!" —Patrick Henry)
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To: NormsRevenge

The parasitic CA legislature and their State Worker Union enablers will view this as another reason to raise taxes.


7 posted on 05/05/2009 9:46:00 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: NormsRevenge

Wow. We didn’t see THAT coming! Tax collections always go up each year because they always have in the past. (/sarc)


8 posted on 05/05/2009 9:48:25 AM PDT by listenhillary (Rahm Emmanuel slip - A crisis is a terrible thing to waste.)
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To: NormsRevenge

C’mon folks your’re not doing your part!


9 posted on 05/05/2009 9:51:07 AM PDT by Huskrrrr
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To: NormsRevenge

Last person to leave CA won’t need to turn out the lights. There won’t be any power anyway.


10 posted on 05/05/2009 9:51:10 AM PDT by listenhillary (Rahm Emmanuel slip - A crisis is a terrible thing to waste.)
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To: NormsRevenge

Time for some heavily armed Democrat extraction squads to head to other states and bring back all of those scofflaw ex-residents who thought they could defeat the Glorious Revolution by moving away. :)


11 posted on 05/05/2009 9:53:17 AM PDT by Mr. Jeeves ("If you cannot pick it up and run with it, you don't really own it." -- Robert Heinlein)
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To: NormsRevenge
California collected just $7.34 billion in personal income tax payments in April, putting further stress on the state's budget.

Because people and businesses are fleeing the excessive taxes and anti-business environment. Of course the classic Democratic response to this is to raise taxes some more.
12 posted on 05/05/2009 9:53:42 AM PDT by AnotherUnixGeek
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To: NormsRevenge

LOL! I hate some of those old dopey hippie songs from the 1960s. A lot of the talentless hippie dope smoking “music” crap came out of Cal.

This song sure fits though. I think the public workers unions need raises and more endless benefits for illegals. Sadly it will get worse and worse and people will still vote for liberals.


13 posted on 05/05/2009 9:53:51 AM PDT by Frantzie ("Remember when Bush was President & Americans had jobs?")
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To: Oldeconomybuyer

What will the parasites do when the host dies? Look for a new host, the Feds.


14 posted on 05/05/2009 9:54:51 AM PDT by central_va (www.15thVirginia.org Co. C, Patrick Henry Rifles)
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To: Mr. Jeeves

CA put a hold on sending out refund checks didn’t they? It’s only fair for those that owe, to file as many extensions as they can legally file.


15 posted on 05/05/2009 9:55:06 AM PDT by listenhillary (Rahm Emmanuel slip - A crisis is a terrible thing to waste.)
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To: cups

I feel another $5 trillion Obama stimulus package coming to bail out MexiFornia.

Sadly you could have nuclear winter and these morons would keep voting Dem.


16 posted on 05/05/2009 9:56:50 AM PDT by Frantzie ("Remember when Bush was President & Americans had jobs?")
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To: NormsRevenge

Raise taxes. Lose revenue. Lower taxes. Increase revenue.

Simple as that. Dems will never learn.


17 posted on 05/05/2009 9:58:19 AM PDT by nhwingut
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To: listenhillary

Those people getting refunds are evil and greedy like bondholders.

Sadly our “leadership” is McCain and Romney with the RINO Bush clan waiting in the wings to “save us.”


18 posted on 05/05/2009 9:58:40 AM PDT by Frantzie ("Remember when Bush was President & Americans had jobs?")
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To: NormsRevenge

As usual, the only people who are surprised are the clueless CA politicians.


19 posted on 05/05/2009 9:59:02 AM PDT by Brilliant
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To: NormsRevenge

Simple solution: Raise taxes and fees. There, done.


20 posted on 05/05/2009 10:00:59 AM PDT by SkyDancer ('Those who hammer their guns into plows will plow for those who do not..' ~ Thomas Jefferson)
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