I love all the constant talk of tax increases everywhere
- Thread starter Chapdog
- Start date
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The Almighty
What do you have against Hobbits? Why is the Shire equated with stupidity?
I was going to say that. Damn.
Definitely, watch California and see what plays out there. There is a part of me that hopes the GOP there holds out, but not a big part, because I feel sorry for all of the people who will suffer.
But if it happens - that's a petri dish, as Mr. Delay might giggle.
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The Almighty
yes... tis a great example.... bankrupt your state and then hope Obama bails you out.
cawacko
Well-known member
Yeah, its nice to you because you don't live here and have to pay it all.
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The Almighty
Nonsense... you can never have enough taxes. I say we just give everything to the government and let them run every aspect of our lives.
fucking joke.. CA gets 121B in revenue per year.. no reason they cant make that work.
California levies a 9.3 percent maximum variable rate income tax, with six tax brackets. It collects about $40 billion per year in income taxes. California's combined state, county and local sales tax rate is from 7.25 to 8.75 percent.[44] The rate varies throughout the state at the local level. In all, it collects about $28 billion in sales taxes per year. All real property is taxable annually, the tax based on the property's fair market value at the time of purchase. This tax does not increase based on a rise in real property values. California collects $33 billion in property taxes per year.
California levies a 9.3 percent maximum variable rate income tax, with six tax brackets. It collects about $40 billion per year in income taxes. California's combined state, county and local sales tax rate is from 7.25 to 8.75 percent.[44] The rate varies throughout the state at the local level. In all, it collects about $28 billion in sales taxes per year. All real property is taxable annually, the tax based on the property's fair market value at the time of purchase. This tax does not increase based on a rise in real property values. California collects $33 billion in property taxes per year.
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The Almighty
The above is simply chump change. They need more and they need it now.
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Well 121B is such a big number, so clearly it can do anything right? Let's not look at things on a per capita basis.
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And I love all the constant talk of budget cuts.
go ahead and look. you will see that in CA is some of highest taxes (when adding prop, sales, income) in the nation.
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The Almighty
They should simply adjust property taxes based on current valuations and not off of the purchase price. Get them rich folk good.
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http://en.wikipedia.org/wiki/State_tax_levels_in_the_United_States
14th in that nation by tax income as % of personal income. So they are in the middle upper range.
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HA! Mississippi actually comes before them in that list!
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Yeah purchase price valuation is pretty fucking stupid.
I would also be curious to see if they have a higher population of non workers that drive that population divisor up. I bet if you looked at those earning between 50-250k the tax burden is almost top of the heap in CA.
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The census counts illegal aliens, Chap (interestingly, even for apportionment purposes, even though they can't vote).