Posted on 07/01/2009 6:43:36 AM PDT by Oldeconomybuyer
A new half-cent sales tax to build transportation projects in Los Angeles County goes into effect today, raising the county's rate to 9.75%. But the measure passed by voters in November might generate about $1.8 billion less than originally estimated.
Officials for the Los Angeles County Metropolitan Transportation Authority said that the worst recession since World War II would probably reduce the revenue collected under Measure R from about $40 billion to roughly $38.2 billion during the next 30 years.
(Excerpt) Read more at latimes.com ...
I think it is funny that in California they pay 9.75% sales tax... while here in Texas I pay 8.25% AND NO STATE INCOME TAX !
ROFL!
Nothing in this world could make me move to California.
In other words, they need to increase the tax increase. SUCKERS!!!!!
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