Posts Tagged ‘state taxes’

Taxoholism


Friday January 5th, 2018   •   Posted by K. Lloyd Billingsley at 3:39pm PDT   •   2 Comments

The recently passed federal tax bill lowers the corporate rate from 35 to 21 percent, reduces rates in five of the seven tax brackets, and according to the New York Times will cut taxes for about 75 percent of filers in 2018. The bill also caps the amount of state taxes filers can deduct on their federal…
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California’s Pillage People Still Greedy After All These Years


Tuesday August 29th, 2017   •   Posted by K. Lloyd Billingsley at 4:12pm PDT   •   Comments Off on California’s Pillage People Still Greedy After All These Years

In 1990, Gilbert Hyatt was awarded the patent for the first single-chip microprocessor. The computer industry welcomed this invention, earning Hyatt a lot of money. He soon moved to Nevada, which has no state income tax. California’s Franchise Tax Board (FTB) claimed Hyatt lied about his residency, and that he owed $7.4 million in…
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Plan to “Blow Up” Wasteful Board of Equalization Is Fake Reform


Tuesday June 13th, 2017   •   Posted by K. Lloyd Billingsley at 10:14am PDT   •   0 Comments

As we noted, California’s Board of Equalization has managed to misallocate nearly $50 million in tax revenue. BOE members have been spending public funds to promote themselves, staging useless events, and dishing out raises to high-salaried staff without performance reviews. The shabbily constructed BOE headquarters in Sacramento remains a safety threat and bottomless money…
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Government Bullies Get Bookish


Tuesday May 16th, 2017   •   Posted by K. Lloyd Billingsley at 4:02am PDT   •   0 Comments

Last December, California governor Jerry Brown signed AB 1570, authored by former Republican assemblywoman Ling Ling Chang. Chang’s measure alters the state’s “autograph law,” formerly limited to sports memorabilia, to include any signed item worth more than $5, including books. As Anastasia Bolden of the Pacific Legal Foundation notes, this makes it “extremely risky,…
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