Tag "Taxes"

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Message for CA: France dumps 75% income tax

Back two years ago when France jacked up its top income tax rate to 75 Percent, it was compared to California’s almost 52 percent rate (combined federal and state). The pro-tax New York Times said high-taxes didn’t drive away the

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Tax credit could cost taxpayers $1 billion 6

California now is considering a state-level Earned Income Tax Credit. That comes just in time for Jan. 27, the IRS’ EITC Awareness Day. (I am not making this up.) According to a study by the Legislative Analyst, requested by the

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Congress switches to dynamic scoring 6

This should have happened the last time Republicans took over all of Congress, in 1995. The new GOP majority is switching budget calculations to “dynamic scoring.” The L.A. Times reported: For years, leading GOP lawmakers have wanted to change the

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Oakland arts tax slams poor

With Californians increasingly being priced out of owning homes, what does progressive Oakland do? Make housing even more expensive. Reported the Chronicle: “The City Council passed a law this month that requires private developers to set aside 1 percent of

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Is local tax measure success a sign of things to come? 

As usual, Michael Coleman’s California City Finance website has an excellent recap of local tax measures and how they fared in the recent election. Local ballots contained 268 revenue measures — tax increases, tax extensions or bonds — of which 189

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Berkeley imposes soda tax

Berkeley has done all Californians a favor by voting for a demonstration of how taxes drive away business. Its citizens just passed Measure D, a soda tax amounting to 12 cents on a can of Coke or other sugary beverage. The

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CA is NOT the highest taxed state 26

You’ve probably heard California has the nation’s highest taxes. Wrong. We’re only third-worst, behind even worse New York and New Jersey, according to a new survey by the Tax Foundation’s new 2015 State Business Tax Climate Index. Broken down, California ranks

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Bill would end Medi-Cal asset seizures

“Nothing is certain in this world except death and taxes” is an old saying. California also has seizures after death. Now, the California Legislature just passed a bill to limit the seizure of the estates of Medi-Cal recipients. The Mercury-News reported:

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Tesla could get enviro exemption 3

California is known for egalitarianism and extreme environmental laws. But some animals are more equal than others. The Times reported: The state would exempt Tesla Motors Inc. from some of its toughest environmental regulations as part of an incentive package being

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Tax increases boost jobs? 21

Do tax increases boost jobs? Or kill jobs? Here’s the take of David Cay Johnston in the Bee: Dire predictions about jobs being destroyed spread across California in 2012 as voters debated whether to enact the sales and, for those near

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