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Exodus: California Tax Revenue Plunges by 22%
Breitbart ^ | 3/13/12 | Chriss W. Street

Posted on 03/13/2012 7:41:31 PM PDT by Nachum

State Controller John Chaing continues to uphold the California Great Seal Motto of “Eureka”, i.e., 'I have found it'. But what Chaing is finding as Controller is that California’s economy as measured by tax revenues is still tanking. Compared to last year, State tax collections for February shriveled by $1.2 billion or 22%. The deterioration is more than double the shocking $535 million reported decline for last month. The cumulative fiscal year decline is $6.1 billion or down 11% versus this period in 2011. (snip) California politicians seem delusional in their continued delusion that high taxes have not savaged

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


TOPICS: Government; News/Current Events; US: California
KEYWORDS: california; exodus; revenue; tax; taxes
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1 posted on 03/13/2012 7:41:37 PM PDT by Nachum
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To: Nachum

Atlas has shrugged.


2 posted on 03/13/2012 7:45:19 PM PDT by FlingWingFlyer (It's time for Americans to WEAN the government off of OUR money!!!)
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To: Nachum
It's Obamajerrybrownomics.

Let the lefty Hollyweird-o's make up the difference.

Those illegals must have their "entitlements", you know.

3 posted on 03/13/2012 7:46:01 PM PDT by Jane Long (Soli Deo Gloria!)
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To: Nachum

My cousin and her husband inherited some money, retired early, and got the hell out of CA. Nothing but bad in CA’s future,


4 posted on 03/13/2012 7:50:29 PM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: Nachum

The economy is showing signs of recovery. Right? Geez I know I heard a Marxist say that recently...


5 posted on 03/13/2012 7:51:07 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: FlingWingFlyer

We really need a real lesson on socialism and if California’s contribution to the debate is to fall off the financial cliff, that is ok with me.

Everybody should email their two cents to Jerry Brown.


6 posted on 03/13/2012 7:51:07 PM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults.)
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To: Nachum
Dear Browiefornia:

In the near future, North Dakota will be producing about 1 million barrels of oil a day, worth in excess of 36 billion dollars at today's prices. You too could get that kind of business and tax base and sales taxes if you would wise up and abandon your green puke energy dogma. But of course, you won't. So ESAD..

7 posted on 03/13/2012 7:51:16 PM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Nachum

Perfect. The implosion of California is accelerating. This is going to be fun to watch. My money was n my home state of Illinois to crash first. Looks like I was wrong.


8 posted on 03/13/2012 7:51:35 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Jane Long

From a source on the internet;

“”As it suffers through a ravaging financial crisis, the nation’s most populous county spends well over half a billion dollars annually just to provide illegal immigrants with welfare food stamps.For two consecutive years Los Angeles County has doled out more than $550 million just to cover the welfare and food-stamp costs for illegal aliens, many of whom collect the U.S. taxpayer benefits on behalf of their anchor babies.””

Just a crazy idea but maybe if they stopped giving away zillions of dollars to illegals.........


9 posted on 03/13/2012 7:51:35 PM PDT by shelterguy
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To: Nachum

Why don’t they just raise taxes....oh wait that didn’t work.


10 posted on 03/13/2012 7:51:45 PM PDT by hoosierboy (I am not a gun nut, I am a firearm enthusiast!!!)
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To: Nachum; Liz; SmithL; fieldmarshaldj; AuH2ORepublican; Impy; GOPsterinMA; randita; Sun; writer33; ...

By a combination redistricting, special interest money, and packed courts with partisan judges, California Democrats turned their state into a politically correct multicultural entitlement state that mandates heavy spending, brutalizes small business, and coddles criminals and their defense lawyers. In the process, they drove middle class taxpayers from the private sector out of the state, while luring people who tend to receive government benefits. The political result was a complete victory for liberal governance. But in achieving this, they missed one thinig- Republican voters provide a larger share of tax revenues that Democrat voters do. The end result is a structural budget deficit with no solution in sight.


11 posted on 03/13/2012 7:55:43 PM PDT by Clintonfatigued (A chameleon belongs in a pet store, not the White House)
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To: Nachum

What’s the problem? Just raise taxes by 22%. So simple.


12 posted on 03/13/2012 7:56:02 PM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: Clintonfatigued

In 50 years, CA will resemble a Mexican version of Detroit. Heck, it may not even take that long.


13 posted on 03/13/2012 7:59:44 PM PDT by rbg81 (Only taxpayers should be allowed to vote)
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To: Nachum
"California politicians seem are delusional.

So are the morons who vote them into office.

14 posted on 03/13/2012 8:00:06 PM PDT by Savage Beast ("When even casual sex requires a state welfare program, you're pretty much done for." ~Mark Steyn)
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To: Nachum

I was one of those that escaped California and my son was another one.


15 posted on 03/13/2012 8:00:33 PM PDT by Crazy ole coot (Mr. obama and Sen. Rubio are NOT Natural Born Citizens.)
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To: Nachum

My county got a $20,000 bill for fees for a permit for landfill operation from the (CA) regional water quality control board. This was a huge jump, so it was questioned. They said that their budgets had been cut by the state legislature, so they were passing on the costs in higher fees.

Counties always have to justify any increase in fees by proving that they are not in excess of the actual cost of the services performed. Apparently, the state agencies don’t have those limitations and can pass along any budgetary shortfalls in their fees. No wonder businesses are going broke.


16 posted on 03/13/2012 8:01:23 PM PDT by marsh2
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To: Lurker

The Laffer Curve in action!

Where is the guy who posts the animated GIF of Costanza eating popcorn?


17 posted on 03/13/2012 8:02:22 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: shelterguy

Just a crazy idea but maybe if they stopped giving away zillions of dollars to illegals.........


Sigh. I hate reading that stuff. Its right up there with Europe giving generous welfare benefits to Muslim immigrants. Sadly, Western civilization has decided to deliberately commit suicide.


18 posted on 03/13/2012 8:02:59 PM PDT by rbg81 (Only taxpayers should be allowed to vote)
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To: Nachum

Movement of Jah people.


19 posted on 03/13/2012 8:03:52 PM PDT by P.O.E. (Pray for America)
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To: sickoflibs

Correction: Still good weather in California. But we have now started to tax the sun


20 posted on 03/13/2012 8:04:22 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: Nachum

They should simply tax movie and TV production companies, theme parks and child molesters to make up the difference.

lol


21 posted on 03/13/2012 8:04:31 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Nachum
California Tax Revenue Plunges by 22%

A good thing!

When they get to 42% watch the tens of thousands of government employees do the big chicken!

22 posted on 03/13/2012 8:04:54 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Lurker

“Perfect. The implosion of California is accelerating. This is going to be fun to watch. My money was n my home state of Illinois to crash first. Looks like I was wrong.”

My money is on California to be first and I live in California. Come on bankruptcy! It is the only thing that will save the state and it is also the only thing that’s going to save the country. The can refuses to be kicked any further down the road!


23 posted on 03/13/2012 8:05:47 PM PDT by vette6387
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To: hoosierboy

“Why don’t they just raise taxes....oh wait that didn’t work.”

By using liberal logic, you would clearly see that taxes were not raised ENOUGH.


24 posted on 03/13/2012 8:07:26 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: Crazy ole coot

I hope ya took some friends with ya. The less traffic/people here, the better I like it!


25 posted on 03/13/2012 8:07:55 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Enterprise
In the near future, North Dakota will be producing about 1 million barrels of oil a day, worth in excess of 36 billion dollars at today's prices. You too could get that kind of business and tax base and sales taxes if you would wise up and abandon your green puke energy dogma. But of course, you won't. So ESAD.

Yup. They could erase their deficit and have a nice surplus if they wanted. But they like the taste of Kool-Aid.

26 posted on 03/13/2012 8:08:27 PM PDT by denydenydeny (The more a system is all about equality in theory the more it's an aristocracy in practice.)
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To: Nachum

Think how prosperous they will be when the government is the only employer.


27 posted on 03/13/2012 8:08:32 PM PDT by TASMANIANRED (We kneel to no prince but the Prince of Peace)
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To: Nachum
California Governor Jerry Brown’s answer to the State’s failing economy and crumbling tax revenue is to place a $6 billion tax increase initiative on the ballot to support K-12 public schools. He promises to only “temporarily” raise personal income rates by 25% on any of the rich folk who haven’t already left.

Who remembers the perpetual money tree that was supposed to pay big bucks into education, called the California Lotto?

28 posted on 03/13/2012 8:09:57 PM PDT by Ezekiel (The Obama-nation began with the Inauguration of Desolation.)
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To: dragnet2

No I didn’t bring any friends with me. The only people I knew there were mexican and this state requires you be an American citizen or valid guest. Illegals not welcome.


29 posted on 03/13/2012 8:09:57 PM PDT by Crazy ole coot (Mr. obama and Sen. Rubio are NOT Natural Born Citizens.)
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To: vette6387
I live in California. Come on bankruptcy! It is the only thing that will save the state and it is also the only thing that’s going to save the country.

Bingo...Some people just don't get it...

Bring it on, watch the tens of thousands of unionized government employees scream.

I suggest they leave the state before their fired.

30 posted on 03/13/2012 8:10:59 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: rbg81

Leftists are calling it a “Crisis of Capitalism”

lol.

Not enough of it, IMO


31 posted on 03/13/2012 8:11:17 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: shelterguy
Just a crazy idea but maybe if they stopped giving away zillions of dollars to illegals.........

I'd love to see the (positive) economic impact that stopping the "zillions of dollars to illegals" would have, nationally.

32 posted on 03/13/2012 8:11:17 PM PDT by Jane Long (Soli Deo Gloria!)
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To: denydenydeny

My area of Browniefornia is conservative. Unfortunately we are heavily outnumbered by voters who are sofa king stupid.


33 posted on 03/13/2012 8:12:01 PM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Crazy ole coot
No I didn’t bring any friends with me. The only people I knew there were mexican

Some of my best friends are American's of Mexican decent. Some are far to the right of most here.

BTW, Tennessee is crawling with illegals, and it's got really crappy weather!

Enjoy!@

34 posted on 03/13/2012 8:15:29 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Enterprise

I’ve been watching very carefully to see how long California will hold out before they start to drill. I’m giving them 2-3 more years.


35 posted on 03/13/2012 8:15:38 PM PDT by JmyBryan
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To: dragnet2

“Bingo...Some people just don’t get it...”

If our unemployment has to continue to go up, then let it be going up by virtue of the fact that the State is laying off thousands of worthless, needless State workers. Come to think of it, the FedGov needs to do the same thing.


36 posted on 03/13/2012 8:16:12 PM PDT by vette6387
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To: JmyBryan
I’m giving them 2-3 more years.

Lets hope the state government dies within the next year!

Works for me~

37 posted on 03/13/2012 8:19:43 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Nachum

Not to worry, Ben Bernanke and his band of merry men have declared everything is coming up roses.


38 posted on 03/13/2012 8:19:57 PM PDT by jwalsh07
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To: GeronL

Fyi The movie industry is quietly moving to New Orleans and LA .
Low costs and tax breaks


39 posted on 03/13/2012 8:20:26 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !H)
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To: vette6387
Government will have no choice...No money left...It's coming..

Again, it's a good thing!

40 posted on 03/13/2012 8:21:16 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: JmyBryan
There is some fracking activity in Browniefornia. So far, Brown has been reluctant to call for regulation. I'm sure the lefties will begin the howling soon.
41 posted on 03/13/2012 8:21:43 PM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: Nachum

Haha! I love it!


42 posted on 03/13/2012 8:24:44 PM PDT by MNDude
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To: Nachum

But...but..”We’re in a recovery”, shouts Obama...ergo tax revenues must be increasing. /s


43 posted on 03/13/2012 8:25:26 PM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: dragnet2

“I hope ya took some friends with ya. The less traffic/people here, the better I like it!”

Damned straight! California was a great place to grow up in in the 1950’s and 1960’s .Reason: No people! Once the government crashes, things will start back toward the way it used to be. The illegals will leave when there are no lawns to mow and no welfare to tide them over.

P.S. Used to have to go to Memphis one week out of every six to manage an operation my company had there. Nice people, but the weather is the $hits. CA would have to get a whole lot worse to cause me to think about leaving, At it’s worst, it’s still light years ahead of any other place in the US, and possibly the world.


44 posted on 03/13/2012 8:25:51 PM PDT by vette6387
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To: ncalburt

Please, bribe them more...You’ll love everything that comes with it!


45 posted on 03/13/2012 8:26:21 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: vette6387

You bet.

If I could make 10,000,000 move out of state tomorrow, I’d do it in a minute, and be at the border waving, urging them to take send for their relatives.


46 posted on 03/13/2012 8:28:25 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

I didn’t say they were American mexican. They were NOT citizens. Tenn weather is great. 4 seasons and good dirt to grow a garden in. Calif desert would only grow sand. Crappy soil and weather.


47 posted on 03/13/2012 8:28:59 PM PDT by Crazy ole coot (Mr. obama and Sen. Rubio are NOT Natural Born Citizens.)
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To: sickoflibs
My cousin and her husband inherited some money, retired early, and got the hell out of CA. Nothing but bad in CA’s future,

And they got to keep it? I inherited some money from an uncle in CA, and the state of CA tried to keep a percentage of it! Even though I had never lived or worked in CA. And it was after the estate had paid the death tax. It took 4 months after filing CA tax forms, and even though I was assured by the tax preparer that I owed CA nothing, they still kept about $20, and the preparer said not to bother trying to get it.

Mark

48 posted on 03/13/2012 8:31:57 PM PDT by MarkL (Do I really look like a guy with a plan?)
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To: vette6387

It is. You’ll see over 100,000 military culled shortly. It’s already on the books.


49 posted on 03/13/2012 8:32:46 PM PDT by gogogodzilla (Live free or die!)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Nachum.


50 posted on 03/13/2012 8:32:56 PM PDT by SunkenCiv (I come to bury Caesar, not to praise him)
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