Posted on 03/15/2012 7:04:10 AM PDT by LucianOfSamasota
Reporting from Sacramento—
Months ago, Gov. Jerry Brown won business and labor backing for an initiative that combined higher taxes on California's top income earners with a half-cent sales tax — a strategy he said would share the pain of addressing the state's budget woes.
But on Wednesday, bowing to pressure from liberal activists, the governor modified his proposal, agreeing to cut the sales tax hike in half and place a greater share of the burden on the wealthy.
Brown cast the revision as a strategic move to reduce the number of tax proposals voters may face on the November ballot — and increase the chances that the electorate will embrace at least one measure to provide a sorely needed revenue increase.
"This united effort makes victory more likely and will go a long way toward balancing our budget and protecting our schools, universities and public safety," Brown said in a statement.
The deal takes off the table a proposal, sponsored by the California Federation of Teachers, that had sought a special millionaires tax. It immediately drew criticism from political observers, who said Brown was tarnishing his carefully cultivated image of an honest broker who would not be moved by political pressure.
(Excerpt) Read more at latimes.com ...
Someone in CA 'gets it'.
So how much will you collect from “rich people” who move out of the state to escape your “rich people tax,” Moonbeam?
The rest is all posturing for the media.
>>But on Wednesday, bowing to pressure from liberal activists, the governor modified his proposal, agreeing to cut the sales tax hike in half and place a greater share of the burden on the wealthy.<<
1% of Californians are paying 45% of the taxes. How do you think they will react when you call them evil and shake them down for more?
I moved from CA to TX this year and the more I see stories like this, the better I feel about it.
This whole, “Let’s raise taxes on the wealthy” song and dance simply plays to the folks in the cheap seats, but, when actually implemented, has been proven to raise little in real revenues.
Brown’s problem is that California needs very drasticlally to reduce taxes and, more importantly, LOWER SPENDING.
Good, good, good...
Jerry, you go get all those people who got rich at Google, Apple, O’bummer’s SF bundlers, Pelosi, Hollywierds, etc...
go get ‘em...
Simple solution - make it illegal to move out of the state,
or, simply have an “exit tax” on their wealth.
It’s the socialist thing to do.
I think an “exit tax” has been discussed in California. It would reach out and tag the previous year’s tax return with some sort of invented “fee.” for leaving.
Yeah, those bastards who employ others.
Drive 'em right out of the state...California doesn't need them, anyway!
Yeah, that'll do it! Utopia, right around the corner! Free contraceptives and drugs for all! Yippee!
California well get a border fence, every direction but south.
Go get ‘em, Jerry. Kill off that evil capitalism. Show ‘em the wealthy are not welcome there.
Like all socialist “countries”, such a border fence is intended to keep people IN, not out.
This is prime illustration as to why the left will not allow their socialism experiment to be done at the state instead of the national level.
Seems like this soak the rich idea has been tried in New York and Maryland and the millionaires just packed up and left the state. Brown better read up on Lenin who said that people vote with their feet.
Not playing fair, Jerry!
Surely all of the rich Hollywood types won’t mind putting up a little more.
For the “poor” of course.
>>Seems like this soak the rich idea has been tried in New York and Maryland and the millionaires just packed up and left the state. Brown better read up on Lenin who said that people vote with their feet.
<<
I paid $15,000 in CA State Income Tax last year (and probably half that again in sales tax). How many illegals making $5 an hour at car washes and restaurants will it take to make that up?
He won’t touch any of the rich liberals like the Hollywood a-holes. Like obama, donors get an exemption while the rest of us who make a normal living pay.
All mansions suddenly become “vacation homes”. All of the rich officially take up “residence” in Arizona and Nevada.
Net take by the crooks in CA: Jack s#it.
the problem with teh ‘soak the rich’ strategy is as follows:
the rich pay far more taxes than the average dude. say ten to fifteen times. that money is nice, and can be used for all sorts of nice things.
but when the rich becomes no longer rich, or moves out, then guess who has to make up the shortfall?
when you raise taxes onthe rich, they move to other places, and youlose far more per capita than regular dudes who move out.
so itsn’t it a far, better tsrategy to entire rich people to move IN? for each rich dude you get, you get the revenue of ten to fifteen regular dudes!
so make your place attractive to the rich, and they’ll come to yiou, adn away from joints like california
While billions of barrels of oil sit untouched off the coast and millions of illegals suckle and drain the government teat, Brown stalks the ‘rich’. What a marvelous plan; I’m sure it’ll work.
I just don't want the "locust" type voters coming to Texas. If your vote/habits ruined your state, STAY THERE.
Welcome to Texas!
Page 1 of the bill would contain the tax increases on the rich. The left wing lunatics will read page 1 and would be very happy. Pages 2 to 500 of the bill would contain the many exemptions and deductions that would render this tax increase meaningless…because the rich liberals do not want to pay more taxes but in fact use every possible mean under the sun to pay less taxes and at the same time they preach the rhetoric of higher taxes on the rich to have their base vote them into power… The rich liberals have been using this trick forever and their stupid base buys it all the time…
Wow!!! God bless your soul for trying to make a go of it there. I moved from there in 1976 and will never set up residence there again.
The big dummy Brown is trying to empty the state of all wealthy people so he can lay claim to the Mexican turd world state of Californica...
Let’s face it..there aren’t any union workers making the minimum amount to have to pay the millionaire tax; yet the state is in trouble due to the public union pensions. I propose that there be a 2% income tax surcharge to all union members to add to the millionaire tax...like Obama says, “just keepin’ it fair”.
If he was serious about sticking it to the wealthy, he’d be going after Pelosi to pay her fair share for the common good...
>> I moved from there in 1976 and will never set up residence there again.<<
I have fallen hard for Texas. I love the State, the people, even the psychopathic weather. Yeah, they have some problems and too much liberal influence, but that is everywhere (I have “lived” all over the country since I am a business traveler with 2+ million miles). It has a LOT of advantages and, frankly, other than the weather, few perceptible disadvantages compared to California.
DAILY, I say to myself “those fools in California are at it again!” with a self-satisfied smile...
I do miss my birth home a little, but I wouldn’t go back even if I had to WALK back to Texas...
Thanks! See my post #29 at http://www.freerepublic.com/focus/news/2859385/posts?page=29#29 :)
The following is the Democratic “common good” version of the old favorite, the Ant and the Grasshopper:
Remember the ant and the grasshopper?
OLD VERSION . . .
The ant works hard, in the withering heat, all summer long.
He builds his house and stores supplies for the winter.
The grasshopper thinks that the ant is a fool.
He laughs, dances and plays the summer away, preparing nothing for the coming winter.
Winter comes, the ant is safe and warm.
The grasshopper has no food or shelter, so he dies out in the cold.
The moral to the story being: BE RESPONSIBLE FOR YOURSELF!
~~~~~~~~~~~~~~~~~~~~~~~~
NEW VERSION . . . (sad but true)
The ant works hard, in the withering heat, all summer long.
He builds his house and stores supplies for the winter.
The grasshopper thinks that the ant is a fool.
He laughs, dances and plays the summer away, preparing nothing for the coming winter.
Winter comes, the ant is safe and warm.
The shivering grasshopper calls a press conference and demands to know why the ant should be allowed to be warm and fed, while others are cold and starving!
CBS, NBC, ABC & CNN show up to provide pictures of shivering grasshoppers, next to a video of an ant
in his comfortable home, with a table filled with food.
America is stunned by the sharp contrast! How can this be, that in a country of such wealth, this poor
grasshopper is allowed to suffer this way?
Kermit the Frog appears on The View, with the grasshopper.
Everyone cries when they sing “It’s Not Easy Being Green”.
Jesse Jackson stages a demonstration in front of the ant’s house, where the news stations film the group
singing “We Shall Overcome”.
Jesse then has the group pray for the grasshopper’s sake, and reminds the group to contribute to his group, so that he can “continue the fight” for grasshoppers, everywhere!
barak and michelle obama exclaim, in an interview with Tom Brokaw, that the ant has gotten rich, off
the back of the poor grasshopper!
Both call for an immediate tax hike, to make the ant pay “his fair share”!
Finally, the EEOC drafts the “Economic Equity For Grasshoppers Act”, retroactive to the beginning of the
summer. eric holder files a suit against the ant, accordingly.
The ant is fined for failing to hire the proportionate number of green bugs and, having nothing left to
pay his retroactive taxes, his house is confiscated by the government.
Hillary Clinton gets her old law firm to represent the grasshopper, in a defamation suit against the ant.
The case is tried in federal court, with a jury comprised of unemployed welfare recipients.
Surprise! The ant loses the case!
The story ends, as we see the grasshopper finishing up the last bits of the ant’s food, while the government house he lives in (which happens to be the ant’s old house) crumbles around him,
due to lack of maintenance!
The ant has disappeared in the snow.
The grasshopper is found, dead, in a drug-related incident.
The house, now abandoned, is taken over by a gang of spiders, who terrorize this once-peaceful neighborhood.
The moral of this version? Don’t vote for Democrats or liberals.
(copied from http://righttruth.typepad.com/right_truth/2006/10/the_ant_and_the.html with some small edits)
I moved from San Diego, CA to Pocatello, ID in Dec 2000. It was a good strategy until the states conspired to hit multi-state companies like my employer. The new game is to track the zip code where you perform your work on each task. When the time sums up to 20 or more days in calendar year, the state income tax is apportioned to the states where the zip codes reside. There is a "tax the rich" angle too. Certain employees in higher income categories get hit sooner than the 20 day time frame. It is much like what is done to professional ball players. They get assessed by each state where they play since the compensation per game is substantial. I had to pay CA and ID state income tax for 2011 and file taxes in both states. The ADP payroll folks made the W2 painless. TurboTax took care of the multi-state details.
The multi-state apportionment of taxes has a surprising impact on the "progressive" taxation scheme. Your marginal tax rates may end up lower than if you kept all your income in your state of residence. If your gross is $150K for federal, but spread equally across 3 states, you might well fall in a much lower marginal rate in the 3 states. If any of those states are no income tax states, you have no state taxes in those states. Your state of residence may be hopping mad that they agreed to the deal because they were assessing you state income tax on money earned in the no tax state.
CA took $19,200 from my in 2000. Those $5/hr illegals at the car wash aren't paying taxes, but they are using social services at rates that cost about $1500 per head annually in excess of anything they contribute.
Texas - What America used to be
>>. My sister in law fears temps above 80 degrees so she is pushing hard not to move where the jobs are....Texas.<<
The weather was rather nice in L.A. But not so nice as to be plundered to pay for it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.