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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (7677)12/30/2002 11:50:12 PM
From: MulhollandDriveRead Replies (2) | Respond to 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.



To: Lizzie Tudor who wrote (7677)12/31/2002 12:10:47 AM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
why don't they just do away with prop 13? what a stupid law that was, and now it is just a transfers program...