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To: Lou Budvis
Officials said the latest adjustments have been triggered by inflation, or rather the lack of it. This year, the state’s inflation index was a negative number for the first time since 1983. When the economy takes a deep plunge, so do tax brackets.

The dishonesty and arrogance is so thick in the air you could cut it with a chainsaw. Do brackets go UP when the state's inflation index is a positive number? When the economy soars, do tax brackets?

Right. That's what I thought.

The biggest problem I have with stories like this one is that names are not named. I don't care what some "officials" say - - I want the NAMES of the lying sacks of dog feces.

26 posted on 08/27/2009 2:26:20 PM PDT by Lancey Howard
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To: Lancey Howard

“The dishonesty and arrogance is so thick in the air you could cut it with a chainsaw. Do brackets go UP when the state’s inflation index is a positive number? When the economy soars, do tax brackets?

Right. That’s what I thought.”

That’s why we passed Proposition 13 back in the 70s. Property values doubled and therefore so did taxes. Elderly people on fixed incomes were literally forced to sell their homes because they couldn’t afford their taxes. Now, of course, there is a move to repeal Prop 13, which ought to finish off what is left of California.


29 posted on 08/27/2009 5:31:17 PM PDT by Pelham (California, formerly part of the USA)
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