Posts Tagged ‘Taxes’

CA taxes 150% higher than Washington state’s — to what benefit?

Friday, March 21st, 2014
taxes

A new survey of state and local taxes finds California and New York take the biggest bite out of their residents' pocketbooks. The average Californian forks over $9,509 a year; the average New Yorker, $9,718. Alas, the mainstream media coverage of the report features the usual superficiality. The...

Why Prop. 13 is more crucial than ever

Friday, March 14th, 2014
Howard Jarvis

Every year brings attempts to gut Proposition 13, the 1978 tax limitation measure. It limits yearly increases in property taxes to 2 percent of the assessed value, beginning when the property was purchased. The original rate is 1 percent of assessed value. Thus, someone buying a $300,000 condo th...

Worst roads — highest taxes

Thursday, March 6th, 2014
Los Angeles traffic jam 1953, wikimedia

California has the highest income, sales and gas taxes in America -- and the worst roads. Reported CBS Los Angeles: Los Angeles topped the charts for the most gridlocked city in 2013, according to the annual Traffic Scorecard, which is complied by traffic information provider INRIX. Drivers in LA ...

Refund illegal taxes?

Monday, March 3rd, 2014

Suppose you buy a new car with a GPS navigation system built in. But you drive it home and realize the system wasn't installed. Should you get your money back for the lack of the feature? Of course you should. And the dealer must refund you the money, or face fraud charges. Not so the Californ...

Lawmakers lighting up $2 per pack cigarette tax hike

Friday, February 7th, 2014

Like a re-lit cigarette, smoke again is rising from Senate Bill 768. By state Sen. Kevin de Leon, D-Los Angeles, the bill would place a new tax on cigarettes of $2 a pack, with an equivalent tax on cigars, pipe tobacco and other tobacco products. With de Leon slated to become the next Senate pre...

‘Transportation justice’ in CA helps the poor buy electric cars

Wednesday, February 5th, 2014

The year 2014 sees California helping poor people buy electric cars, what's called "transportation justice." SB 359 is by state Sen. Ellen Corbett, D-San Leandro. It approved a loan for $30 million to help finance low-income residents to transition away from older, higher-polluting vehicles...

‘Ghost guns’ could be an apparition in CA

Tuesday, February 4th, 2014

When 3D-printed guns first emerged on the scene, many predicted the “ghost guns” could render the regulation of guns pointless. The creation of the 3-D gun is only about one year old. The first 3D-printed gun initially was fired in the spring of 2013. 3D printers are $10,000 machines t...

CA closes corporate tax ‘loophole,’ but doesn’t get expected bonanza

Monday, January 27th, 2014

The argument that raising taxes cuts revenue because it deters taxable economic activity leads to a tired fight in which obvious facts are ignored by both sides. This claim is sometimes true and sometimes not true. It depends on what type of tax is being discussed. It's not a one-size-fits-all thing...

CA govt. drives out another business

Monday, January 27th, 2014

Warren Meyer finally had it. With the new year, he closed his park business in California. California no longer will be able to harass him, nor to collect taxes from him and his now unemployed ex-employees, many of whom will collected benefits from the state treasury. He told the details to Re...

Sacto City Clerk rejects petition to put arena subsidy to a public vote

Saturday, January 25th, 2014

In another twist in Sacramento's arena derangement syndrome, a petition drive to put a public subsidy for the proposed Sacramento basketball arena project to a public vote, has been rejected by the Sacramento City Clerk. Friday, the city clerk announced that she rejected the petitions, along ...