Posted on 05/10/2015 6:13:26 PM PDT by artichokegrower
Placing a tax on business services in California has the potential to raise an additional $122.6 billion annually for state and local governments, according to a recent Board of Equalization study. A services tax could become a reality if Senate Bill 8 is approved by the Legislature and signed by Gov. Jerry Brown.
(Excerpt) Read more at calwatchdog.com ...
How else are they gonna pay for all the bennies for the illegals?
Because our ruling elite are so deprived of funds to buy votes with.
Of course the providers of “services” will simply stand still and pay.
$122B for free! Why didn’t they do this years ago? Actually, why don’t they make the tax ten times as big? One hundred times as big? Free money is wonderful. They can make all their illegals rich, and it won’t cost anyone anything. Will it?
The liberals just don’t get it. Woohoooo! A new revenue stream!
Well I am not surprised. As services become a larger and larger share of GDP and tangible goods less of a share, taxes on services becomes necessary to fed the mighty spending machine.
If they had an ounce of honesty they would call it the “kill the golden goose” tax.
what they really mean is take $122 billion out of the private sector
You just can’t make this stuff up.
People should use the link and realize how much our economy relies on service sector jobs today.
It’s just crazy how much we used to produce, and how those jobs were destroyed.
If they are trying to depopulate the state of some more taxpayers,this is a step in the right direction. At some point in time,somebody in elected office has to see where this is going to lead to complete chaos.
Have the businesses agreed with this? They’ll get their point across after they move out of state....
You know, it is a common complaint I hear nearly everywhere. The biggest problem we have going is that we are not taxed enough.
Best Headlin
Senate Bill 8 Puts California Behind 8 Ball!
Only a socialist democrat would try and make you believe screwing businesses, excuse me, the public out of more of their already limited income is a positive thing for the economy! Gee gosh they say only 10 billion goes to the state and the rest to schools, and minimum wage schemes? Well screw that! When will there be enough money for the schools and the state, NEVER! No matter how much money the democrats squeeze out of the taxpayers it is never, ever enough!
that sounds like a staggering sum, no?
How much is the “fleeing the state” tax?
“Relying on the wealthiest taxpayers to support California’s needs is outdated and dangerous fiscal policy. Not only does it increase the uncertainty of tax collections, but there is evidence that California’s high tax rates may be driving high income earners out of the state, which only deepens revenue shortfalls.””
They recognize this - yet the solution is not to reduce income taxes but to add yet another tax?
Socialist illogic.
NIKE promised that if the free trade agreement is passed, and ONLY if it is passed, they will add 10,000 jobs to the US. What gall!!
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