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Old 11-06-2008, 09:03 PM
 
Location: Sherman Oaks, CA
6,565 posts, read 16,489,795 times
Reputation: 9350

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California's budget is in big trouble. Please see this article:

Schwarzenegger calls for sales tax hike, cuts in services - Los Angeles Times

I only have one thing to say: Are these sales tax increases ever temporary?!
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Old 11-06-2008, 09:06 PM
 
11,715 posts, read 38,033,516 times
Reputation: 7541
All I can say is, I'm glad Internet shopping is so easy.
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Old 11-06-2008, 09:09 PM
 
Location: Sacramento
13,929 posts, read 25,232,357 times
Reputation: 6791
Quote:
Originally Posted by EscapeCalifornia View Post
All I can say is, I'm glad Internet shopping is so easy.
But I wonder how much of this has cut into state revenues the past decade or so.
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Old 11-06-2008, 09:18 PM
 
11,715 posts, read 38,033,516 times
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Quote:
Originally Posted by NewToCA View Post
But I wonder how much of this has cut into state revenues the past decade or so.
Considering how much the state's actual revenues are up over any given time period, I'd say "not much". The state doesn't have a revenue problem, it has a spending problem.
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Old 11-06-2008, 09:23 PM
 
27,753 posts, read 58,203,380 times
Reputation: 22374
Seems if there is a tax... California has it.

I have the least problem with Income Tax because it is a percentage of earning... just like sales tax is a percentage of spending.

Just don't get me started on property tax because it's due whether one has income or not to pay for it.
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Old 11-06-2008, 09:27 PM
 
Location: Sacramento
2,568 posts, read 6,353,268 times
Reputation: 1925
Wasn't he the one that used to complain about all the taxes?. I didn't live in CA when he was elected but I have a vague memory about seeing him on the news talking about how high the taxes were in CA.
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Old 11-06-2008, 10:33 PM
 
Location: Wayward Pines,ID
1,975 posts, read 3,828,185 times
Reputation: 1834
Quote:
Originally Posted by suzie02 View Post
Wasn't he the one that used to complain about all the taxes?. I didn't live in CA when he was elected but I have a vague memory about seeing him on the news talking about how high the taxes were in CA.
I believe it went " it's not a revenue problem, it's a spending problem". I believe it was the Gumby triple car tax that got him the office and that he was going to kick butt on the hill. blah blah blah. He is just another garbage politician. There is zero justification for any new taxes.
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Old 11-06-2008, 10:45 PM
 
Location: Sacramento
2,568 posts, read 6,353,268 times
Reputation: 1925
Quote:
Originally Posted by elousv View Post
I believe it went " it's not a revenue problem, it's a spending problem". I believe it was the Gumby triple car tax that got him the office and that he was going to kick butt on the hill. blah blah blah. He is just another garbage politician. There is zero justification for any new taxes.

So when is his term up?
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Old 11-06-2008, 10:55 PM
 
11,715 posts, read 38,033,516 times
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He wants to extend the sales tax to services too. About 85-90% of my revenue is from services performed, not material sold, and isn't currently taxed. I suspect that if this goes through, a lot of people are going to offer me cash for a discount. This could be one of those tax blunders that winds up costing the state more money than it raises.

Last edited by EscapeCalifornia; 11-06-2008 at 11:23 PM..
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Old 11-06-2008, 11:21 PM
 
2,654 posts, read 5,060,686 times
Reputation: 1929
Buy stock in Ebay. It's about to get alot busier
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