In Calif, no difference between long term and short term cap gains, all the same, max rate about 9 percent. I am not up to speed on all the new rates.
But lots of tax was from options, now not a large item, and then, of course, the billions spent on electric contracts about a year ago. Done by dept of water, I think, who had never done that before. A group had been formed years ago, but went out of business, leaving it to Gov Davis. We had rolling black outs for a few months. Enron may have been part of it. Tension was high and no, not in the electric grid.
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The Energy Crisis, Spike the Tattooed Dude,
and the Case for the Resignation of Bill Lockyer
SACRAMENTO – Bill Lockyer, California’s Attorney General, is an authoritarian thug who should resign. That’s the view of Tom Palmer, a senior fellow of the Cato Institute, based on a statement Lockyer made in a press conference about Kenneth Lay, chairman of Enron Corporation.
“I would love to personally escort Lay to an 8-by-10 cell that he could share with a tattooed dude who says ‘Hi, my name is Spike, honey,’” Lockyer said.
snip
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