California Wants to Double Its Taxes

submitted by Rastafoo from (nationalreview.com)

all 6 comments
sorted by:
top
newinsightfulfun

[–]IkeConn 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (0 children)

Oh, just fucking great. More blue lefty shitstains moving here from California.

[–]Tiwaking 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

They are going to have to go out and rob some more trains so they can afford the tax increases

Most gross-receipts taxes, however, are below 1 percent. California’s proposed rate of 2.3 percent is basically a giant flashing neon sign that says, “Don’t open a business here!” Walczak notes that the gross-receipts tax “would be imposed in addition to tangible property taxes and an 8.84 percent corporate income tax, and an aggressive one at that, the only state-level corporate income tax in the country with a worldwide tax base.”

If this proposal is adopted, California would essentially have 18 tax brackets, and individuals making less than $50,000 per year would wind up paying double-digit marginal tax rates.

Why does California need all this money? To fund CalCare, its proposed single-payer health-care system. If you want European-level government benefits, you have to pay European-level taxes.

[–]package 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

California Wants to Double Its Your Taxes

[–]jet199 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

I also think Californians should reap the consequences of their actions.

[–]iamonlyoneman 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

what the fuck

was my initial response, then I got to the part about

Why does California need all this money? To fund CalCare, its proposed single-payer health-care system. If you want European-level government benefits, you have to pay European-level taxes.

oh. Because there's never enough "free" to go around.

[–]iamonlyoneman 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I sent this to a lefty coworker of mine who is about to move (back) to California. He says,

i agree tax the rich who $ 0. And at least they're not taking away voter rights, womens rights or banning books like the great white nationalist racist state ( oh yeah and don't forget a big nod of the head to Jesus H. Christ) of TX. All those corporations are leaving silicon valley for here. This is good news for me cause rents in this craphole will rise while they fall in places that are much more beautiful. Tesla, google etc. etc. please leave for this anglo saxon white ruled land so i can afford to live in the most wonderful land in this great country of ours. FYI the salary is higher there to make up for COL expenses