Posts Tagged ‘California Franchise Tax Board’


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Lessons from Pillage People Smackdown


Wednesday August 30th, 2017   •   Posted by K. Lloyd Billingsley at 3:23pm PDT   •   Comments Off on Lessons from Pillage People Smackdown

As we noted, in 1990, Gilbert Hyatt was awarded the patent for the first single-chip microprocessor. This invention earned Hyatt a lot of money and 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 millions in state…
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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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