Posts Tagged ‘excessive taxes’


Deprecated: Function get_the_author_description is deprecated since version 2.8.0! Use get_the_author_meta('description') instead. in /nas/content/live/mygovcost/wp-includes/functions.php on line 5383

Tax System Remains Punitive


Friday February 16th, 2018   •   Posted by K. Lloyd Billingsley at 9:28am PST   •   0 Comments

As we noted, the Republicans’ tax bill lowers the corporate rate from 35 to 21 percent and according to the New York Times it will cut taxes for about 75 percent of filers in 2018. That is good news for taxpayers, who would do well to consider realities that have not changed, such as…
Read More »

Taxoholism


Friday January 5th, 2018   •   Posted by K. Lloyd Billingsley at 3:39pm PST   •   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…
Read More »

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…
Read More »

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…
Read More »

Trump Tax Plan Ignores Basic Injustice


Thursday April 27th, 2017   •   Posted by K. Lloyd Billingsley at 9:43am PDT   •   0 Comments

President Trump’s new tax plan will cut seven tax brackets down to three, with rates of 10, 25 and 35 percent. The Trump plan also drops the top rate of taxation from 39.6 to 35 percent. The corporate income tax rate falls from 35 to 15 percent, and the estate tax is eliminated. Those…
Read More »

Board of Equalization Bilks Taxpayers


Friday January 27th, 2017   •   Posted by K. Lloyd Billingsley at 4:26am PST   •   2 Comments

California maintains a state Board of Equalization that, contrary to its name, does not equalize anything. Board of Taxation would more accurate because the state body collects taxes, and as Adam Ashton notes in the Sacramento Bee, board members use some of the tax money they collect to promote themselves in their districts. In…
Read More »

More Money, That’s What They Always Want


Thursday January 14th, 2016   •   Posted by K. Lloyd Billingsley at 9:29am PST   •   0 Comments

In a Detroit studio, way back in the day, Barrett Strong sang, “Money, that’s what I want.” Many artists have since covered the tune and government bureaucrats croon it every day. As David Siders shows in the Sacramento Bee, they jack up the volume around budget time. The California Department of Conservation, for example,…
Read More »

Tidings of Coercion, Regulation and Taxes


Tuesday December 8th, 2015   •   Posted by K. Lloyd Billingsley at 8:42am PST   •   1 Comment

When confronted with seismic-safety issues on the new span of the Bay Bridge, which came in 10 years late and $5 billion over budget, California governor Jerry Brown famously quipped, “shit happens.” As David Siders of the Sacramento Bee observes, Brown the former seminarian does better with the orthodoxies of statist superstition. “Never underestimate…
Read More »

Government Pension Surge Drives Tax Increases


Monday November 3rd, 2014   •   Posted by K. Lloyd Billingsley at 4:55am PST   •   3 Comments

This week voters in California will make the call on, count ‘em, 140 tax increases, from sales taxes to levies on soda and marijuana. If voters should wonder what is driving these tax increases, Mark Bucher of the California Policy Center has a few suggestions in his October 26 Sacramento Bee article headlined “Big…
Read More »

Parcel Tax Rip-off


Thursday October 16th, 2014   •   Posted by K. Lloyd Billingsley at 5:00am PDT   •   0 Comments

TAX BILL: OPEN IMMEDIATELY. Thus reads the envelope of the property tax bills now showing up in mailboxes. Note the imperative mood, the tone of “let’s hand over the wallet, Jack.” While embattled taxpayers deal with this bill, Robert Gutierrez of the California Taxpayers Association offers a few points to ponder. “Californians are paying…
Read More »

Facebook Twitter Youtube

Search MyGovCost