Massive New Tax Increase Proposed 16.8%

Started by Bronx, August 02, 2020, 07:41:01 AM

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Possum

Quote from: ModelCitizen on August 05, 2020, 04:30:18 PM
Don't compare us to those slums! We are not a Banana Republic or ruled by a despot. We are FREE and our votes actually count!
What separates us is we're a constitutional republic, not a democracy.

Possum

Quote from: Bronx on August 02, 2020, 07:41:01 AM
California here I come....wait...what......?

I wonder if Wonder Boy Gavin Newsom is going to use former Gov. Jerry Brown famous words of........"Temporary Taxes"

https://lao.ca.gov/ballot/2012/30_11_2012.aspx

Massive New Tax Increase Proposed 16.8%

Gutting-and-amending a bill originally related to local governments in the Public Resources Code, Assembly Bill 1253 now proposes a massive tax increase on thousands of sole proprietors and high-income Californians. AB 1253 was amended on July 27, the Legislature's first day back from its extended summer recess.

Originally authored by Assemblyman Robert Rivas when it dealt with the Strategic Growth Council, the bill is now jointly authored by eight Assembly Members: Santiago, Bonta, Carrillo, Chiu, Gonzales, Kalra, Stone, and Wicks. Assembly Members Chu, Jones-Sawyer and Ting are coauthors, while Senators Skinner, Durazo, Gonzalez, and Wiener are also coauthors.

AB 1253 would add Revenue and Taxation Code Section 17044 to create three new tax rates for amounts of income above specified thresholds. As a tax levy, it would take effect immediately upon the Governor's signature and chaptering by the Secretary of State. The bill would apply retroactively to tax years beginning on or after January 1, 2020. As a tax increase measure, it would require a 2/3 vote of both houses of the Legislature pursuant to Article XIIIA, Section 3 of the California Constitution.

READ MORE HERE......
https://californiaglobe.com/section-2/massive-new-tax-increase-proposed-on-california-small-businesses/
And not to be out done, just heard on the AM, austin has taken the first step which is to put it in the local paper, that the city will ask the voters for a 25% increase in property taxes. And the fools will vote for it.