This was a great Bloomberg article about the abuses of state of CA employee compensation and how CA state employees are the highest paid in the nation.
And at the same time CA has the highest paid state employees in the nation, they go and raise income taxes even more with prop 30 passing in 2012. Even though before raising the CA state income tax, CA already had one of the highest state income taxes it the nation.
I’m thankful every day that I now live in WA State with NO state income tax and it’s not my problem anymore. Ahhhh life is good![/quote]
And yet, we’re still allowing corporations, “investors”/landlords, and owners of vast tracts of some of our most valuable lands to pay well below-market property taxes. Eliminate Prop 13 protection for everyone except for owners of a single primary residence (maybe even keep the “protected” value below a certain threshold), and our financial problems would largely disappear. There’s a good chance we’d end up with a surplus, even!
