Category Archives: California

LA Times: Let’s Tax Our Way Out

The Los Angeles Times today editorializes that the way for California to escape the budget crisis is to tax services: “Lawmakers cannot act in a fit of panic, but the scope of this year’s challenge should encourage new solutions, including … Continue reading

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One CA LLC Fee Case Resolved; Two to Go

The Franchise Tax Board will now begin to send out some refunds on LLC Fees paid. These fees have been challenged in three court cases. Two of these cases are still in litigation. The one case that’s been resolved is … Continue reading

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The List

The Franchise Tax Board has posted its six month revision of its 250 biggest scofflaws. The largest debtors from October are gone, and a new name leads the list: Pinehill Investment of Rye, New York owes the FTB $6.133 million. … Continue reading

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Dark Clouds on the Horizon in California

Back in February California’s legislature passed legislation that helped cut $8 billion from the projected $16 billion budget deficit. That’s good. Unfortunately, the deficit is growing as the state’s revenues aren’t. The San Francisco Chronicle has a story on the … Continue reading

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Democrats Unhappy With Nevada Advertisements

Earlier this week I posted an advertisement from the Nevada Development Authority. The Los Angeles Times had an article today noting that Democrats in Sacramento are unhappy with the advertisements that portray California as a tax-happy state. Of course, Democrats … Continue reading

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We’re Number 4

Congratulations, California. The Tax Foundation released its list of when each state celebrates Tax Freedom Day. On average, it’s April 23rd. But not here in the Bronze Golden State. For us, it’s April 30th. What that means is from January … Continue reading

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The Nevada Development Authority Strikes Again

With California having a $16 billion deficit, and the Democrats in California’s Legislature saying that the only solution to the problem is to increase taxes, it was only a matter of time until the Nevada Development Authority struck. Here’s their … Continue reading

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Democrats’ Oil Tax Dead

Political theater occurred last night in Sacramento. The Assembly held a rare evening session, and the Democrats’ oil tax fell to defeat 45-30 (it needed a 2/3 vote to pass). The vote was party line, except for one. Assemblywoman Nicole … Continue reading

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It’s Just Bad Political Theater

As expected, Assembly Democrats introduced AB9. It would add a 6% tax on oil drilling and a 2% tax on oil profits that exceed $10 million. Because it’s a tax the measure requires a 2/3 vote for approval—and it won’t … Continue reading

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Aren’t Gasoline Price High Enough?

The joy of being a Californian. The gas stations at Culver and Walnut in Irvine are having a price war—they’re seeing which station can reach $3.60 for a gallon of regular first. And if the Democrats in California’s Assembly have … Continue reading

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