The difference between the 2000 census and the 2010 census is that while California’s population increased dramatically the state lost a net of 800,000 wage earning tax payers to other states, principally Arizona, Texas, and Nevada.
My family being among that number as well.
Collect back taxes owed for starters and discourage anyone from getting in that situation in the future...
Sooprise...sooprise...sooprise!
I guess the only answer is for the Dimocrats to raise the taxes. You know, bring in more money and make the rich pay their fair share. That should solve the problem.
The marginal California state income tax rate for a single person without dependents and $40,000 annual wages is 9%.
Should be good for another 200 point rise on the DOW. Better than expected catastrophic numbers boost the markets.
Historically, this has always been the downfall of state socialism.
They ain’t gettin’ mine anymore.
I actually hope that Brown’s whole damn plan fails miserably and that includes his tax increase referendum on the November ballot. What a fool to try and cover his enslavement to the public unions by ruining this once great state. What a coward he is. At least when the status quo stops there is a chance that things will change for the better. Why can’t we Californians get a clue from other states about how fiscal and social policy should be run? Having said this, its probably too late. Let the chaos begin.