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  1. #1 "California Tax Activists Proposal Causes Wealththy To Flee from California !" 
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    California Activist Proposes Wealth Tax and Probably Unconstitutional Exit Tax
    "
    " And If You Leave California They Size 55% Of Everything Over $20 Million !"


    Earlier this month, a California activist began gathering signatures to put a state wealth tax on the ballot. The measure would impose a new 35% income surtax (in addition to federal taxes and the existing 10.3% top state rate), and penalize people who leave the state by seizing 55% of assets exceeding $20 million.
    The money raised would be used to eliminate the state's budget deficit and for purchasing controlling shares in large corporations.

    The 17.5% surtax is unusual because it would be on a taxpayer's total (not marginal) income whenever it exceeds $250,000, with another additional 17.5 percent tax...

    http://www.taxfoundation.org/blog/show/23538.html
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  2. #2  
    Senior Member LogansPapa's Avatar
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    Meh. Won’t happen. What will happen is the new sales tax - which, considering it will directly hit the illegals in my state, will be the lesser of two evils.
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  3. #3  
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    Buried somewhere in this legislation is a provision to charge a $30k fee to build a house over a certain amount. The lunatics in CA are coming out of the wood-works. If only Arnuld and the liberal state legislators would allow offshore drilling, the idiots could stave off bankruptcy. Looks like another bail out like NY. People are leaving these two states because of high taxes in droves.
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  4. #4  
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    Quote Originally Posted by LogansPapa View Post
    Meh. Won’t happen. What will happen is the new sales tax - which, considering it will directly hit the illegals in my state, will be the lesser of two evils.
    You are correct about that part because the Feds & the S.C. forbids and have ruled the restriction of interstate commerce is illegal but that will not stop the wacky wackos from trying. However, sales tax alone will not cure the 15 billion dollar deficit. So along with sales taxes going up, every tax under the sun (individual & business) will be going up. You better start packing:eek:
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  5. #5  
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    We always knew there was a price to be paid for the lunatic Liberal & Socialists dreams in California, looks like the bill is past due..

    man this is going to be something to watch!
    Separated, I cut myself clean
    From a past that comes back in my darkest of dreams
    Been apprehended by a spiritual force
    And a grace that replaced all the me Ive divorced ~ Jesus Freak - DC Talk
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  6. #6  
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    They always go into my pocket
    And find all my loot where I've socked it.
    Despite all my labor
    I've nothing to savor.
    There's nothing to do but to mock it.
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  7. #7  
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    Quote Originally Posted by Elspeth View Post
    They always go into my pocket
    And find all my loot where I've socked it.
    Despite all my labor
    I've nothing to savor.
    There's nothing to do but to mock it.
    What's with the limericks lately?
    Is it the only expression to sate thee?
    I know Hillary lost,
    and you feel double-crossed,
    but that's no reason to resort to poetry.

    Also, there is no way this tax would survive a challenge under the US Constitution.
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  8. #8  
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    Quote Originally Posted by biccat View Post
    What's with the limericks lately?
    Is it the only expression to sate thee?
    I know Hillary lost,
    and you feel double-crossed,
    but that's no reason to resort to poetry.

    Also, there is no way this tax would survive a challenge under the US Constitution.
    I find myself sad at this time
    I can only express it in rhyme.
    With Barry in power
    The delegates cower.
    The press is just toeing the line.

    And no one is looking at Ayers
    Or Rezco or FISA; or fears
    That Barry's not ready;
    He's done nothing steady.
    Oh, what will he do with four years!
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  9. #9  
    Senior Member LogansPapa's Avatar
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    Quote Originally Posted by biccat View Post
    Also, there is no way this tax would survive a challenge under the US Constitution.
    We have a winner!
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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  10. #10  
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    Quote Originally Posted by Elspeth View Post
    And no one is looking at Ayers
    Or Rezco or FISA; or fears
    That Barry's not ready;
    He's done nothing steady.
    Oh, what will he do with four years!
    Does "Ayers" really rhyme with "fears"?

    I had always pronounced it "airs."
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