Like I wrote earlier, the federal income tax was sold as a temporary and small 2% tax only on the rich. Now look at it. We elect politicians who have grand schemes to spend more than they take in so they need more and we'll end up suffering for it. Another example is the Reagan tax cuts. I favor tax cuts at every chance, but those cuts also involved closing tax loopholes. Revenues went through the roof, which is great because the economy did likewise. But the tax rates went back up over time with the loop holes closed. So rather than govt. doing you a favor, I see them ready to screw you over when the time is right.
The usual analogy here: Suppose you have a stool, it would balance nicely with 3 legs. However, yours only has 2, and furthermore, one of the legs is way too long. Someone offers to install a third leg and also trim the long leg down to size. You refuse on the grounds that with three legs, there are more chances that one of the legs could be too long? barfo
But I know the stool is poorly designed, I have my own trees to cut down to make another leg, and all the tools. I wouldn't if the EPA forbids me to cut down the tree and the govt. taxes me too much that I couldn't afford the tools.
Well, maybe you are better off moving someplace where you can sit by yourself and play with your own stool. barfo
And that's why Cali went from a $60 Bil deficit to a $2.4 Bil surplus? Because they are in a horrific mess? http://www.sfgate.com/politics/article/Good-news-California-Surplus-is-2-4-billion-4997158.php "The good news comes after an era that saw one of the worst budget crises in California history - the fiscal shortfall sank to $60 billion in the 2009-10 budget, the state controller mailed IOUs to vendors in 2009 and state lawmakers slashed programs year after year to make ends meet. Now, thanks to the passage of Proposition 30 last year and the improving economy, California is looking at surpluses for the next six years - even after the temporary taxes under Prop. 30 expire, according to the Legislative Analyst's Office. The legislative analyst projected surpluses of $2.4 billion by June 2014 and $5.6 billion by June 2015. Reserves are projected to continue growing to nearly $10 billion by June 2018."
Creative accounting and fudging the numbers. http://www.breitbart.com/Big-Government/2013/01/18/gov-brown-uses-tricks-to-balance-ca-budget
Go back home you f'ing californian! Seriously, every idiot I've ever heard propose a sales tax in Oregon is from california, the poster state for sales taxes. How's that working out down there? The only tax reform Oregon needs is to make paying property taxes mandatory. By this I mean businesses, because we all know it's already mandatory for all of us citizens. But dishonest city counselors and county commissioners accept bribes to waive hundreds of millions of dollars in property taxes for big corporations and developers supposedly so they will bring jobs. What they bring is decades of debt for property tax payers and their children. The taxes they don't pay end up on your bill, and will be on your children's bills. The school levies, the road and prison bonds, these are only needed because most large businesses pay little to none of their share of property taxes.
California Prop. 30 raises most of its money not from the 0.25% sales tax increase, but instead from the income tax raise on those making over $250,000. http://en.wikipedia.org/wiki/California_Proposition_30_(2012) It stopped the giant deficits caused by Calfornia having a Republican governor, and the same thing would solve the national deficit as it did in the Clinton years.
