Skip to comments.Upcoming tax battle could be a nasty feud
Posted on 05/07/2012 4:37:54 PM PDT by SmithL
Let's get ready to rumble.
In this corner is California Gov. Jerry Brown.
In that corner is Molly Munger, a very wealthy civil rights attorney.
Brown and his union allies want voters to raise their own sales taxes, plus income taxes on the most affluent, to narrow a chronic budget gap.
Munger and the state PTA want to raise income taxes on all but the lowest-income Californians to provide more money to schools.
Brown, desperate to eliminate competition that might confuse voters, merged his initial tax proposal into that of a rival group that wanted to tax the rich even more. But his private and public efforts to push Munger aside failed.
Munger dropped $6 million into collecting signatures for her measure and assumedly is prepared to spend many millions more to pass it in November. But she probably can't win because polls indicate that as Californians still feel the effects of severe recession, they're unwilling to pay more taxes themselves.
Indeed, the relatively small sales tax component of Brown's measure is a turnoff for voters and is the major reason why polling shows his overall approach enjoys less than overwhelming support. Were it just a bite on the rich as Brown's former rivals wanted it would stand a better chance.
That sets up a situation in which Munger could torpedo Brown's proposal by indirectly joining forces with the anti-tax activists who want Brown to lose but lack big money for an all-out assault.
(Excerpt) Read more at sacbee.com ...
fish gotta swim, andRats gotta tax!
The state PTA, which is likely just an arm of the teachers unions
Whatever. I mean, come on.
I think I have figured out the connection. WINE. All the wine making regions of the world are destined to bankrupt themselves with socialism. Greece, Italy, Portugal, Spain, France...California. Sunshine and a Mediterranean climate are great for grapes but apparently they also produce of bumper crop of Marxism.
Higher taxes? You first, beeotch.
LIBERAL IDIOT POLITICIAN 1: “I can tax the rich more than you can!”
LIBERAL IDIOT POLITICIAN 2: “No you can’t! I tax them more!”
LIBERAL IDIOT POLITICIAN 1: (Approaching rich person’s house to deliver tax bill) “Well, we’ll see about that!”
BUTLER: “Yes, may I help you?”
LIBERAL IDIOT POLITICIAN 1: “We’re delivering a tax bill for a BILLION dollars to the filthy, blood sucking capitalist rich guy who lives here!”
LIBERAL IDIOT POLITICIAN 2: “Yeah! It’s about time he paid his fair share!”
BUTLER: “I’ll make sure he gets it. I am only here to help the new owners get acclimated to the mansion, then I am returning to my employer’s new home in Barbados.”
LIBERAL IDIOT POLITICIAN 1: “What! He’s flown the coop! Quick, let’s slap a lien on his factory...”
BUTLER: “I wouldn’t bother, sir. He has sold the factory lock, stock and barrel to the Chinese. They have laid off all the workers and are shipping anything of value back to China.”
Probably goof news. The more, and the more complicated, the tax hike measures that are on the ballot, the more likely voters are to take “No to all of them” approach. Which is the correct one.
I would support high taxes on the following”
Wire transfers of money to Mexico.
Anything printed in Spanish.
Gangster style clothing
Hip hop music
Baseball caps worn backwards
Family visits at state prisons
Molly Mongers tax is horrible if people in Calif vote yes for it they will be sorry and it will hit them harder than Jerry Brown sales tax proposal I assure you. Her tax hits people making around 40K and it is a change to the tax code and I don’t think it ever goes away. I just figured out that my family will be paying an additional $1,110.00 a year tax on top of the 9.3% State tax and we make around $125,000.00 per year which is not a lot as this state is very expensive. At least with a sales tax increase you have the option to buy things or not in most cases. I am against both Browns proposal and Mungers. Here is the link to Mingers tax scheme and you can see how much you would pay. Look under “The Numbers” if you read the “Initiative” under section 8 it also shows how much you would pay. If you make between 48K to 100K you pay an additional $400.00 per year. Once you get to 101K and over you pay over 1,000.00 additional or more. It is abusrd
Molly Mongers tax is horrible if people in Calif vote yes for it they will be sorry and it will hit them harder than Jerry Brown sales tax proposal I assure you. Her tax hits people making around 40K and it is a change to the tax code and I dont think it ever goes away. I just figured out that my family will be paying an additional $1,110.00 a year tax on top of the 9.3% State tax and we make around $125,000.00 per year which is not a lot as this state is very expensive. At least with a sales tax increase you have the option to buy things or not in most cases. I am against both Browns proposal and Mungers. Here is the link to Mingers tax scheme and you can see how much you would pay. Look under The Numbers if you read the Initiative under section 8 it also shows how much you would pay. If you make between 48K to 100K you pay an additional $400.00 per year. Once you get to 101K and over you pay over 1,000.00 additional or more. It is abusrd
But, but, but!
The Kali lottery was the answer to school funding!
It was going to put millions and mil;lions of additional funds into the schools.
And it was going to be illegal to reduce the general fund contribution to off-set the lottery money, so the schools really would get a BIG budget increase.
Oh right, that was just the snow job to get the Kali. lottery passed, reality does not measure up to the empty promises.
The fact is that no matter how much money Kali. raises, they will ALWAYS overspend.
So raising taxes will never help, it just goes into the black-hole of Kali. Gov. and Union blood suckers.
The problem with the Sales Tax is that it doesn’t apply to services, rents, groceries, etc. Services account for 70% of the economy. Subtract all the stuff that is not subject to Sales Tax and probably only 20% of spending gets taxed. Apply an 8% tax rate to 20% of spending and you are only going to collect 1.6% of all spending in Sales Tax revenue.
All this means that if the Sales Tax applied to all spending, it could be reduced from 8% to 5% and collect three times the revenue, while encouraging residents to buy local rather than online to avoid the higher sales tax. That higher sales tax revenue could be used to reduce income taxes on corporations and individuals.
Instead, CA always takes the approach that hits those with disposable income hardest and coddles to subsistence residents the most. It makes no sense at all.
The teachers, paid for f*cking life for 9-10 months of work, including cheap healthcare now are using PUBLIC MONEY to get a ballot initiative to pay PUBLIC WORKERS and BUREAUCRATS more money at the expense of the private sector?
Government fancies itself as the Master Class and use the law to enforce their theft
I hate this state, let is become what it always tries to be, a third-world hell hole with run-down apartments and clogged freeways.
Well I am living off my IRA and because I am not yet 59 1/2 it turns out that CA has its own penalty on top of the tax rate, just like the Fed. The Fed penalty is 10% and the CA penalty is another 6%. Add in the income tax at Fed and State and I owe 40% of my IRA withdrawals. That’s a pretty high effective tax rate on $50K income.
In California, as in every place else, its not a tax problem, its a spending problem.
I like the Howard Jarvis Foundation’s Maxim:
When in doubt about parcel taxes, bond measures, tax increases:
JUST VOTE NO
This is the correct approach 100% of the time
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