In response to:

The Continuing Exodus of Jobs – and Taxable Income – from California

Mitchell73 Wrote: Dec 29, 2012 3:59 PM
Here's one for the books: Some years ago I owned 3 small corporations in California. Just getting started, they were not yet profitable. I paid the minimum corporate ESTIMATED tax for each of them ... $800 EACH. Estimated tax is paid in advance of tax due date so CA floated on our money. When tax time came, we neglected to file returns for the corporations ... we figured any penalty would be a percentage of tax due and anything times zero would be zero. Wrong ... Ca kept our money in the estimated tax account and would only move into the tax paid account when our returns were filed (ugh).
Mitchell73 Wrote: Dec 29, 2012 4:02 PM
So, they had us up to about $7000 interest and penalty when we said "keep your corporations". We moved our three corps to Arizona where the minimum corp tax is $60/year. The CA pigs lost $2400/year.

In the stock market we say "the bulls make money and the bears make money and the pigs make nothing".

Hello Gov. Brown ... have a nice day.

Like most people, I’m a sucker for a heartwarming story around the holidays.

Sometimes, you get that nice feeling when good things happen to good people, like you find at the end of a classic movie like “It’s a Wonderful Life.”

But since I’m a bit of a curmudgeon, I also feel all warm and fuzzy when bad things happen to bad people.

That’s why I always smile when I read stories about taxpayers moving across borders, thus preventing greedy tax-hiking politicians from collecting more revenue.