Category Archives: California

Another List To Avoid

Posted on November 29, 2009 by Russ

Every six months theBoard of Equalization, California’s sales and excise tax agency, publishes its list of the top 250 debtors to the BOE. The list was updated this past week with 28 new entrants. Unlike the list of the top … Continue reading →

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What’s $21 Billion Among Friends?

Posted on November 18, 2009 by Russ

Earlier this week I wrote that California might be facing a $20 Billion Deficit. You’ll be happy to know I was wrong. The Legislative Analyst (LAO) released his official forecast today; he projects a $20.7 Billion deficit for the next … Continue reading →

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A Front-Runner for Tax Offender of the Year

Posted on November 16, 2009 by Russ

We’re just six weeks away from the end of 2009, and it’s almost time for me to scour the news of the year to find the Tax Offender of the Year. It takes a lot to win this award; the … Continue reading →

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$20 Billion Deficit a Possibility

Posted on November 15, 2009 by Russ

After the three budget battles during the past 18 months, are Californians ready for the fourth installment of the state budget crunch next Spring? Like it or not, it’s coming. This report notes that a $20 Billion is possible for … Continue reading →

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Definitely not a Treat for California Wage Earners

Posted on October 30, 2009 by Russ

The latest gimmick of the legislature goes into effect on Monday, November 2nd for California wage earners. California income tax withholding has been increased by 10%. The goal of the increase is to have more money coming into state coffers. … Continue reading →

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Lockyer Spanks the Legislature

Posted on October 24, 2009 by Russ

Bill Lockyer is the elected Treasurer of California. He’s a Democrat, but after a year in office he understands the fiscal realities of the Bronze Golden State: Excerpt: It’s impossible for this legislature to reform the pension system, and if … Continue reading →

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I Survived!

Posted on October 18, 2009 by Russ

There’s a show on Discovery called I Survived. The show features individuals who survive situations that could lead to death. Nothing like that for me (thankfully), but another tax season has come and gone. I can put 2008 to bed … Continue reading →

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Just Some Drops in the Bucket, Or a Steady Leak?

Posted on October 11, 2009 by Russ

California is, once more, looking at a budget that’s underwater.  That should be no surprise to my readers, as I noted that the current budget had a probable deficit of somewhere between $5 and $10 billion.  This past week John … Continue reading →

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A List to Avoid

Posted on October 8, 2009 by Russ

What do Sinbad, Dionne Warwick, and 248 other individuals have in common? They’ve appeared on the Franchise Tax Board’s annual listing of the 250 worst California income tax scofflaws. To make the list, you needed to owe at least $217,909.17.  … Continue reading →

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We’re Still #3!

Posted on September 23, 2009 by Russ

As I prepare to head to Sacramento for a conference, the Bronze Golden State found that it held fast this past year as the third worst business tax climate in the United States as ranked by the Tax Foundation. That … Continue reading →

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