The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (7677)	12/30/2002 11:50:12 PM
From: MulhollandDrive	Read Replies (2) of 306849

i'm all for uniformity in tax law....however if CA re-jiggers the current tax code and lifts the prop 13 2% limitation, they had better reduce tax rates across the board... the article also mention other non-business friendly measures that could serve as incentive to sent business packing.. "Higher income-tax rates for the wealthy, eliminating a state manufacturers' tax credit and ending tax breaks for small, tightly held companies known for tax purposes as "S corporations" all figure to be part of the coming budget and revenue debate" the thing is....corporations don't "vote"....they pay blood money to keep legislators from shaking them down...if that doesn't work, the often leave for greener and more profitable pastures. and yes there is considerable talk in CA about levying taxes on internet sales....along with taxes on services.... not at all a climate conducive for business, but no question the state coffers are in dire straits.

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