Category Archives: California

Businesses Act Based on Taxes (Will Liberals Change their Policies?)

Posted on February 19, 2012 by Russ

In what might be an “I told you so” moment, Haas Automation of Oxnard, California (northwest of Los Angeles) is growing and needs to expand. They began the planning for a $20 million new building and all seemed well. And … Continue reading →

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Remember Gilbert Hyatt? (An Update)

Posted on February 19, 2012 by Russ

One of the blogs I read, How Appealing, posted a link to this story on California’s attempt to ban video games featuring “murder and mayhem” from being sold to children cost the Bronze Golden State $2 million. That’s nothing. There’s … Continue reading →

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California Tax Revenues $528 Million Under Budget in January

Posted on February 11, 2012 by Russ

In what must be considered to be a complete non-shock to all but officials of the Brown Administration, California’s tax revenues came in $528 million under budget. According to Bloomberg, most of this is from a $525 billion shortfall in … Continue reading →

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Out of the Swamplands

Posted on January 29, 2012 by Russ

Over the years, I’ve referred to New Jersey as the swamplands. Their politics, corruption, and tax policies left a lot to be desired. But something unusual happened in 2010: Chris Christie, a Republican, was elected governor in the historically Democratic … Continue reading →

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Tax Foundation Releases 2012 Business Tax Climate Index; California, New York and New Jersey at the Bottom

Posted on January 25, 2012 by Russ

The Tax Foundation released their 2012 State Business Tax Climate Index today. And it was no surprise to see the bottom three composed of California, New York and New Jersey. These states have high taxes overall (California adds high regulatory … Continue reading →

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Illinois: Proving Laffer Correct

Posted on January 22, 2012 by Russ

Arthur Laffer popularized the Laffer curve. The father of Supply Side Economics noted that in many cases, increasing the tax rate decreases the amount of tax revenues. It appears that Illinois is proving Dr. Laffer correct. Moody’s just downgraded Illinois’ … Continue reading →

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The Black Hole Continues: California Faces an $8 – $21 Billion Deficit

Posted on January 15, 2012 by Russ

When I read one report stating that California is looking at an $8 billion deficit (that’s Governor Brown’s projection), I was quite happy I’m now a resident of Nevada. And then I read Chriss Street’s report that says the deficit … Continue reading →

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California Has Lost Over 720,000 Taxpayers & $48 Billion of AGI From US Migration From 1993-2008

Posted on December 6, 2011 by Russ

My move to the Silver State has gotten some comments from two other tax bloggers, Joe Kristan (Roth Tax Updates) and Paul Caron (TaxProf Blog). In the TaxProf Blog post, there’s a link to statistics on migration from within the … Continue reading →

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When Silver Is Better than Gold

Posted on December 2, 2011 by Russ

Today’s closing price for silver is $32.72 an ounce. Meanwhile, Gold is $1,749.35 an ounce. So how can silver be better than gold? If you’ve been a reader of this blog, you’ve seen me write numerous times about California’s tax … Continue reading →

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California Ranks High Again…And That’s Not a Good Thing

Posted on December 1, 2011 by Russ

Another survey of business, and another set of results that’s anything but golden for California. Claremont McKenna College’s Rose Institute of State & Local Government today released the 17th annual Kosmont-Rose Institute Cost of Doing Business Survey. The Rose Institute, … Continue reading →

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