California Commentary from 02/2010
State's Revenue Acceleration Is an Attack on Taxpayers
February 23, 2010How would you like to be able to borrow as much money as you want and not have to pay any interest? And better yet, when payments come due, you could borrow more to make these payments and still not have to pay any interest. Sound like a good deal? It certainly has been for the state of California for the past 39 years. It's called income tax withholding. Behind closed doors in the Capitol, it is called “revenue acceleration” because it forces workers to pay government before taxes are actually owed. Read more >>
Remember the $12.6 Billion Tax Hike!
February 16, 2010In this era of instant gratification and short attention spans, it is easy to think of one year ago as “ancient history.” However it is important to remember that it was only 12 months ago that the California Legislature slammed taxpayers with a $12.6 billion tax increase -- about $1,200 annually for the average family -- because, if given the chance, they will do it again.
Before last year’s massive tax increase, Californians were paying the highest sales, income and car taxes in the nation. Now, if you have a job, a child, drive a car or buy gas, you pay much more. Read more >>
Checking In For Pay; Checking Out of Reality
February 2, 2010How would you like to go to work at 9 a.m., wave to your boss and say "Hi, I'm here. Bye," and then immediately turn around, walk out the door and go home or play a round of golf – and, here's the best part, still get a paycheck instead of being fired? And suppose to make it easier on you, you could just drive by your place of employment and check in at the curb? Read more >>
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