Category Archives: California

CARB Looking at Greenhouse Gas Tax

The California Air Resources Board is looking at Greenhouse Gas Fees for all California businesses. Call them fees, but as I repeatedly state all taxes (and fees) are passed on to consumers. Assuming the report is accurate this will just … Continue reading

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State Tax Commission Looking at Business Receipts Tax

The headline basically tells the story. The commission appointed by Governor Schwarzenegger to look at California’s tax structure will apparently propose a Business Net Receipts Tax. The tax would not be based on gross receipts but net receipts: gross income … Continue reading

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Gubenatorial Candidate Wants to Lower Taxes?!?

In what is likely a first for California, a candidate for Governor, Steve Poizner, told the Sacramento Bee that if elected he would work to slash personal income taxes, corporate taxes, and sales taxes by 10%. That would mean reducing … Continue reading

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No Use for this Tax

If you’re a business in California that doesn’t maintain inventory or sell products—that is, you’re a service business—you haven’t had to register with the Board of Equalization. The Board of Equalization administers California’s sales tax laws. That may change, though. … Continue reading

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Impersonating an Accountant?

Who in their right mind would want to impersonate an accountant? It’s not as if we live glamorous lives. For example, today I sent out my quarterly newsletter, gave a speech, and prepared tax returns. Of course, I should never … Continue reading

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California, Nevada, and Texas

A California State Assemblyman is upset with the ads that the Nevada Development Corporation is running. California is golden, and Nevada is silver. Why would any business leave? Here’s Assemblyman Jose Solorio’s (D-Anaheim) response: Before I comment on that, there’s … Continue reading

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When a Fee Is a Tax

San Diego has had budget problems for many years. One step that San Diego used to balance its budget was ruled an illegal tax this pat week by a court. San Diego charges a collection fee on its business tax. … Continue reading

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The Next California Bomb: Pensions

From Mish comes a report of problems with pensions in California. This isn’t a surprise; our liberal state legislature increased pension benefits when times were good. Unfortunately, things aren’t so good today. “I don’t want to sugarcoat anything,” Ron Seeling, … Continue reading

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What’s $200 Billion Among Friends

California has a budget. Unfortunately, there’s a probable deficit of around $8 billion. A State Assemblyman, Juan Arambula, wondered what the total liabilities of the state are. So he wrote the Legislative Analysts Office. Their response: $200 Billion. The Legislative … Continue reading

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Las Vegas 2, Sacramento 0

The Nevada Development Authority is Southern Nevada’s government agency that attempts to draw new businesses to the Las Vegas area. They’ve got a new campaign aimed at California. Why? Well, the California Legislature is making the NDA’s job easy. Here’s … Continue reading

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