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Taxifornia Lessons

Ste1021 Wrote: Dec 11, 2012 11:23 AM
Kalifornia formula for success: Penalize successful people so much that they leave the state. Keep filling the state up with the world's poorest, least educated people. Spending increases; tax revenue decreases. SUCCESS!
Texas Chris Wrote: Dec 11, 2012 11:36 AM
It might work out in the long run for the rest of us if California slides off into the Pacific... All the moochers will have to learn to swim.

California revenue is up from a year ago. Unfortunately, California revenue is not up as much as expected, while spending is up way more than expected.

Please consider California Finances in November 2012 by state controller John Chiang.

November's tax receipts fell 10.8% short of expectations contained in the 2012-2013 State Budget, although they were above the year-ago level. Total revenues year to date are now 2.6% less than anticipated at this time, with shortfalls...