Tag "income tax"
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California considers exempting teachers from state income tax
A new bill in the California Senate would scrap state income taxes for teachers in the state, as part of an effort to combat a growing teacher shortage and to encourage higher-aptitude individuals to enter the profession. “The teaching profession
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Initiatives filed to extend Prop. 30 tax hikes
California’s temporary income tax hikes aren’t set to expire until 2018, but that hasn’t stopped Sacramento special interest groups from laying the groundwork for campaigns to extend Proposition 30. In recent months, sponsors of tax increases have filed the necessary
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New tax would hit services
Tax reform is in the air. One proposal is by state Sen. Bob Hertzberg, D-Los Angeles, also a former speaker of the Assembly. Senate Bill 8, the Upward Mobility Act, would raise $10 billion in sales and use taxes
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Date of Infamy: America's 100 years in Income Tax Hell
Today marks the 100th anniversary of when President Woodrow Wilson signed into law America's first permanent income tax. It first was sold as a tax only on “the rich” — or, as we say nowadays, on the “1 percent.” That
Read MoreSacto Kings players dream of no-tax state
April 19, 2013 By Katy Grimes As the behind-the-scene negotiations take place between the NBA, the owners of the Sacramento Kings and prospective buyers, there is really only one thing to remember: everything is economic. The top Kings player is
Read MoreProp. 39 tax-hike $ also may indirectly boost teacher pay
March 7, 2013 By Chris Reed It’s not just money from Proposition 30’s sales-tax and income-tax hikes that is being used to provide for teacher pay raises and to allow continuation of “step” pay policies that give teachers raises most
Read MoreWealthy fleeing NY for FLA
Jan. 29, 2013 By John Seiler From the NY Post: “The city’s hedge-fund executives are flying south — and it’s not for vacation. “An increasing number of financial firms, especially private equity and hedge funds, are fed up with New
Read MoreProp. 30 would boost even higher California’s top sales tax
Sept. 23, 2012 By John Seiler Not only does Proposition 30 increase income taxes; it also boosts California sales taxes, already the highest among states, to an even higher level. The following chart shows state sales taxes. And remember, a
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