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Calif. panel set to recommend major tax overhaul
The Associated Press ^ | September 20, 2009 | JUDY LIN

Posted on 09/20/2009 9:27:47 PM PDT by Stayfree

State fiscal experts agree generally that California's revenue structure relies too heavily on the wealthy and the whims of the stock market while failing to capture taxes from the now-dominant service sector.

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


TOPICS: Business/Economy; Government; US: California
KEYWORDS: smallbusiness; taxincrease
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Here comes the vaseline, hold onto your wallets........
1 posted on 09/20/2009 9:27:48 PM PDT by Stayfree
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To: Stayfree

Invariably, that means the tax-payer is about to take another hit.


2 posted on 09/20/2009 9:31:00 PM PDT by RobinOfKingston (Democrats, the party of evil. Republicans, the party of stupid.)
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To: Stayfree

BOHICA...


3 posted on 09/20/2009 9:33:04 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: Stayfree

the wealthy are already moving out of California in droves...this will help speed up the middle class exodus...


4 posted on 09/20/2009 9:33:12 PM PDT by BookmanTheJanitor
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To: Stayfree

“Service sector?” (SEIU?) This is gonna be great. Gotta go make some popcorn!


5 posted on 09/20/2009 9:33:16 PM PDT by FlingWingFlyer (I don't remember Americans being called "racists" when we fought against Hillarycare.)
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To: Stayfree

Send a bill to Mexico for the cost of educating and healthcare of Mexican citizens.


6 posted on 09/20/2009 9:35:48 PM PDT by VeniVidiVici (Hey Obama. Where is Osama Bin Laden?)
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To: Stayfree

Well lest get the illegals to pay something, put a surtax on tortillas as a “fattening” food.


7 posted on 09/20/2009 9:39:31 PM PDT by rolling_stone (no more bailouts, the taxpayers are out of money!)
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To: Stayfree

yep BOHICA


8 posted on 09/20/2009 9:40:04 PM PDT by wafflehouse (RE-ELECT NO ONE !)
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To: BookmanTheJanitor

The super rich who pay no real taxes through municipal bonds or have trust funds and stuff will be the friends of the rulers while everyone else will be dirt poor.

3rd world status


9 posted on 09/20/2009 9:40:22 PM PDT by GeronL (http://libertyfic.proboards.com ............. http://tyrannysentinel.blogspot.com)
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To: Stayfree

They used to tell us that if California were a nation it would be one of the wealthiest nations on Earth. Pretty soon it will look more like Guatemala.


10 posted on 09/20/2009 9:41:36 PM PDT by GeronL (http://libertyfic.proboards.com ............. http://tyrannysentinel.blogspot.com)
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To: Stayfree

If the CA pols could just figure out how to get enough money from us, they could solve all our problems.


11 posted on 09/20/2009 9:43:39 PM PDT by umgud (Look to gov't to solve your everday problems and they'll control your everday life.)
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To: Stayfree

Yeah, it has nothing what so ever to do with spending more than you take in. /SAR


12 posted on 09/20/2009 9:50:02 PM PDT by calex59 (FUBO, we want our constitution back and we intend to get it!)
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To: calex59

They won’t go near that...all those programs for all those “poor” —how can they eliminate these—you racists.
And, the gazillion agencies that help the poor.....just need to find someone to TAX.


13 posted on 09/20/2009 9:53:32 PM PDT by Achilles Heel
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To: GeronL

It now down to tenth.


14 posted on 09/20/2009 9:53:57 PM PDT by ThomasThomas (Your It.)
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To: Stayfree

All they need to do is put a heavy tax on illegals and their anchor babies. That will cure California’s finances in short order.


15 posted on 09/20/2009 9:55:54 PM PDT by Pelham (Obammunism, for that smooth-talking happy -face communist blend.)
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To: ThomasThomas

I think the real numbers are even worse. I think it will keep getting worse too.


16 posted on 09/20/2009 9:58:59 PM PDT by GeronL (http://libertyfic.proboards.com ............. http://tyrannysentinel.blogspot.com)
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To: Stayfree

Squanderers with pensions trying to appease unions...


17 posted on 09/20/2009 10:07:36 PM PDT by wac3rd (Felipe Calderon supports the public option.)
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To: FlingWingFlyer

““Service sector?” (SEIU?)”

No, they mean adding sales tax on labor in construction, auto repair, all home services landscaping, etc. which is exrmpt now.

Anything you pay for that involves labor will have sales tax added plus overhead plus profit.

No business ever paid a tax!!!!


18 posted on 09/20/2009 10:09:20 PM PDT by dalereed
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To: GeronL
They used to tell us that if California were a nation it would be one of the wealthiest nations on Earth.
Pretty soon it will look more like Guatemala.

Well....they both speak the same language.

Nam Vet

19 posted on 09/20/2009 10:10:29 PM PDT by Nam Vet (Obozo (the health expert) thinks innuendo is an Italian suppository.)
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To: GeronL

At this point CA aspires to be as wealthy as Guatemala.

CA is headed towards a hispanic version of Zimbabwe.


20 posted on 09/20/2009 10:25:41 PM PDT by Frantzie (Do we want ACORN running America's healthcare?)
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