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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Lady Lurksalot who wrote (4836)	2/28/2006 12:56:53 PM
From: Peter Dierks	Read Replies (2) \| Respond to of 71588

"the richest 10% of earners pay almost 75% of the entire income-tax revenue in the state... the number of Californians reporting million-dollar incomes fell to 25,000 in 2003 from 44,000 in 2000. That decline has cost the state $9 billion a year in uncollected tax revenues. ... In the early 1990s ... the state raised its top income-tax rate to 11%, triggering one of the worst fiscal crises in the state's history. Tax revenue fell as high-income people fled the state, while public debt exploded. " The IRS reports that no taxes are paid by almost 50% of the population. Once we cross that threshold, our nation is finished. "I sometimes think they have all moved to Northern Nevada. <g>" To be near you I am sure. <g>