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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (231375)	5/3/2005 7:46:23 PM
From: TimF	Read Replies (1) of 1571875

CA may have high tax revenue [whatever that means] because its the most populous state in the union. It also has some very big bills. Its one of the top in PER CAPITA tax income. Its also near the top compared to its economy. The fact that CA is big is already factored in to the statement. Tim, I told you those state tax evaluations are not to be taken too seriously. The Tax Foundation ranks CA 20th in its survey: Your source has it tied for 17th not really 20th. Maryland, Indiana, Kentucky, and California are all at 10.30%. Also CA is above the US average as a percentage of per capita income. Its well above the US average if your just measuring straight taxes per person. That isn't "starved for income". CA's fiscal problems are mostly due to former Gov. Davis' vast increase in spending. Bottom line: CA does not have enough income to pay its bills It doesn't have enough income to pay its bills because its bills are too high because the government spent too much money. Bottom line: CA doesn't have low tax rates. Tim

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