CA: State sees sharp drop in income tax revenue

Sac Bee ^ | 5/5/09 | Dale Kasler

[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.

[NormsRevenge]

Barry McGuire: Eve of Destruction
http://www.youtube.com/watch?v=D8SfiCnwF28

[cups]

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”

[NormsRevenge]

down down down

[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.

[rabscuttle385]

Ouch!

[Oldeconomybuyer]

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

[listenhillary]

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

[Huskrrrr]

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

[listenhillary]

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

[Mr. Jeeves]

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. :)

[AnotherUnixGeek]

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.

[Frantzie]

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.

[central_va]

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

[listenhillary]

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.

[Frantzie]

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.

[nhwingut]

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

Simple as that. Dems will never learn.

[Frantzie]

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.”

[Brilliant]

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

[SkyDancer]

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

[Roklok]

My 3 inlaws who live in SanDiego got IOUs instead of a check for their state income tax refund. They are livid.

[SkyDancer]

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

[bert]

The saddest sign in California said....”I’m outta here. See you in Michigan”

[Wissa]

Sadly it will get worse and worse and people will still vote for liberals.

Hard to see any other outcome when they drive all the conservatives out of the state. The people that are left don't vote based on logic, so they don't reason out the cause and effect of continuing to vote in liberals.

[blam]

Not to worry, Obama will send you some of my money.

[mosaicwolf]

As they say, as California goes so goes the country. The US is not far behind folks. Punish achievement and reward the lazy will do it every time.

[OCCASparky]

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. :)

Come and get me. BTW--did I mention NH is a "shall-issue" state?

[Gritty]

What? You mean policies which have caused hordes of productive people and companies to flee the state has adverse consequences?

Who could have possibly foreseen that!!??

[grimalkin]

What did they expect?

[Vaduz]

CA: State sees sharp drop in income tax revenue,with most mexicans getting paid in cash for day labor wonder how much tax money is lost?and top it off with welfare no wonder Ca. is in the hole.

[grobdriver]

Is Galt shrugging in California?

[grobdriver]

Atlas! Atlas!

[gthog61]

Let them eat tofu.

[jazminerose]

Shock shocked.

Keep telling DH to get the contract with the movers signed now for next fall, they will be swamped . . .

I’m taking my 2 small business with me.

The most productive are bailing, SoCal will be left with illegals & bangers.

[umgud]

CA is too big to fail. The feds will have to bail CA out.

[grobdriver]

Let them eat tofu.

Most of them already do.

I separated from the Navy at Moffett Field and couldn't get out of the state and home to Texas fast enough.

[KeyLargo]

Just the beginning nationwide when people realize that the underground economy is the way to go.

[uncitizen]

The most productive are bailing, SoCal will be left with illegals & bangers.

this is so true. In NorCal we're seeing a great exodus as well. Personally we need to hang on for at least another year up to two years before we bail. Heading south(east). Looking for the best southern states to settle in for early retirement. Tax wise and other wise. Texas is not an option. No offense to you wonderful Texans, but i just don't like the landscape. Have travelled there many times and it's fine, but to settle down we're looking for a place with more trees, lakes, mountains. Something like TN but preferably where it doesn't snow.

[Mad Dawgg]

California is now a prime example of what happens when you enter the far right of the laffer curve...

[Bobkk47]

More of the productive people, sick of high taxes, are leaving the state. The libs in the legislature just can’t seem to figure out how this all works.

[Jim from C-Town]

This is just the beginning. The State of Ohio just announced that they expect a $1 billion deficit due to less tax collected than expected. This is before the Chrysler plants that shut down today, presumably only fora two week time period.
Starting later this year you will start to see large and small suburban cities going bankrupt. At first it will be suburbs that cater to working and middle class home owners, then it will be the major cities. We are in for a long four years and a longer clean up of the One's bad policies.

[KarlInOhio]

My 3 inlaws who live in SanDiego got IOUs instead of a check for their state income tax refund. They are livid.

They need to jack up their exemptions to reduce the amount of state income tax taken out, both to make sure that the state owes them nothing in April 2010 and to reclaim the amount from that IOU.

[oldteen]

[My 3 inlaws who live in SanDiego got IOUs instead of a check for their state income tax refund. They are livid.]

I don’t live in San Diego however I do live in CA. We got our refund a few weeks ago in a real check along with an apology for it being delayed. How long ago did they get it?

[Myrddin]

My 3 inlaws who live in SanDiego got IOUs instead of a check for their state income tax refund. They are livid.

An alternative strategy is to declare your "refund" as a prepayment of taxes for this year. Don't send the state any money until your obligation matches their obligation.

[cups]

I got my state refund about 3 months after I filed. It’s ridiuclous. But hey, the Obamassiah lowered my Fed taxes by $20 a paycheck...So that $40 I save a month is going to pull m eout of my hole...THANKS OBAMA!

Oh and BTW, they raised the state income tax.

[Vinnie]

An alternative strategy is to declare your "refund" as a prepayment of taxes for this year.

Exactly what North Carolina did to me on a portion of my refund.

[PeaceBeWithYou]

Bad news, 0's tax cut isn't, he just lessened what was being taken out each month. If you normally got a refund it will be less next april 15. If you normally pay in, you'll likely be paying in more next april 15.

Sorry.

[TenthAmendmentChampion]

You guys, what if we all changed our exemptions to 9 for two months, all at the same time. Do you think they would feel the sudden drop then? What will it take to wake these people up?

[Myrddin]

Exactly what North Carolina did to me on a portion of my refund.

Did you retain the "pre-pay" from your initial tax liabilities starting in January?

[cowtowney]

http://sco.ca.gov/Press-Releases/2009/05-09summary.pdf

California Cash Receipts