The November election made California the highest-tax state in the nation by raising the top rate of state income tax to 13.3 percent, an increase of 29.13 percent. Sales tax now ranges from 7.5 percent to 10 percent in parts of Los Angeles County. But the same legislators who pledged fiscal restraint now want…
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The November election made California the highest-tax state in the nation by raising the state income tax to 13.3 percent, an increase of 29.13 percent. Governor Jerry Brown claimed the increase would boost revenues by some $6 billion and solve the Golden State’s budgetary woes. But according to state Controller John Chiang, total state…
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Ryan Ellis from Americans for Tax Reform reports that President Obama’s proposed budget for fiscal year 2012 will create $1.5 trillion in new taxes over the next ten years. President Obama released his budget this morning. Rather than focusing on Washington’s over-spending problem, the budget calls for higher taxes on families and small businesses…
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