CA income taxes increasing 2.5%?

[CA renter]

[quote=ucodegen]It looks like some people are not paying attention to things that the graph reveals.

1) Whenever state revenues increased, so did expenditures.. with a time-lag. Expenditures also overshot revenues when this occurs. It looks like the legislature felt ‘wealthy’ and quickly increased spending when there was a surplus in tax revenue, ignoring that it might be better to pay down debt. In times of surplus, you should be ‘banking’ the money so it is there in times of crisis.

2) State revenues increased from 58.6B in 1999 to projected 100.6B in 2009. (nearly doubling)

3) State expenditures increased from 57.8B in 1999 to projected 118.8B in 2009. (nearly doubling)

I don’t think that increases in population and inflation justify this size of increases. I consider the pattern of increases of expenditures following increases in revenues highly suspect and indicative of the lack of fiscal responsibility upon the part of the California legislature.

[/quote]

Absolutely agree with this.

One thing to consider though, is when govt agencies bank “excess” money, certain taxpayer advocates and special interest groups will claim that they have an excess because they are taxing too much or that they are not allocating enough to certain sectors. Unfortunately, you’re damned if you save, and damned if you don’t. Of course, this is where a fully transparent government that values educating the masses about finances would come into play. Don’t see that happening so far. 🙁

[wannabe2077]

I fully support the California Republicans attempt to stonewall the Democrats on tax increases

[wannabe2077]

I fully support the California Republicans attempt to stonewall the Democrats on tax increases

[wannabe2077]

I fully support the California Republicans attempt to stonewall the Democrats on tax increases

[wannabe2077]

I fully support the California Republicans attempt to stonewall the Democrats on tax increases

[wannabe2077]

I fully support the California Republicans attempt to stonewall the Democrats on tax increases

[DWCAP]

The republicans know that “temporary” means “until I am outa office, then it is someone elses problem.”

I also get pissed when they say that term limits are the problem because our elected leaders dont know how to compromise until they are almost out of office. What A CROCK! 10 year olds know how to compromise, and I would been fired years ago if it took me 4-6 years to figure out how to do my job. Most of our elected leaders have served in other positions weither it be mayor or councilman or even maybe just buisnessman. But any way it goes they know how to compromise, it just usually doesnt serve their reelection campaigns to do so.

[DWCAP]

The republicans know that “temporary” means “until I am outa office, then it is someone elses problem.”

I also get pissed when they say that term limits are the problem because our elected leaders dont know how to compromise until they are almost out of office. What A CROCK! 10 year olds know how to compromise, and I would been fired years ago if it took me 4-6 years to figure out how to do my job. Most of our elected leaders have served in other positions weither it be mayor or councilman or even maybe just buisnessman. But any way it goes they know how to compromise, it just usually doesnt serve their reelection campaigns to do so.

[DWCAP]

The republicans know that “temporary” means “until I am outa office, then it is someone elses problem.”

I also get pissed when they say that term limits are the problem because our elected leaders dont know how to compromise until they are almost out of office. What A CROCK! 10 year olds know how to compromise, and I would been fired years ago if it took me 4-6 years to figure out how to do my job. Most of our elected leaders have served in other positions weither it be mayor or councilman or even maybe just buisnessman. But any way it goes they know how to compromise, it just usually doesnt serve their reelection campaigns to do so.

[DWCAP]

The republicans know that “temporary” means “until I am outa office, then it is someone elses problem.”

I also get pissed when they say that term limits are the problem because our elected leaders dont know how to compromise until they are almost out of office. What A CROCK! 10 year olds know how to compromise, and I would been fired years ago if it took me 4-6 years to figure out how to do my job. Most of our elected leaders have served in other positions weither it be mayor or councilman or even maybe just buisnessman. But any way it goes they know how to compromise, it just usually doesnt serve their reelection campaigns to do so.

[DWCAP]

The republicans know that “temporary” means “until I am outa office, then it is someone elses problem.”

I also get pissed when they say that term limits are the problem because our elected leaders dont know how to compromise until they are almost out of office. What A CROCK! 10 year olds know how to compromise, and I would been fired years ago if it took me 4-6 years to figure out how to do my job. Most of our elected leaders have served in other positions weither it be mayor or councilman or even maybe just buisnessman. But any way it goes they know how to compromise, it just usually doesnt serve their reelection campaigns to do so.

[Anonymous]

This is not the time for higher taxes but CA doesn’t own a printing press. I just wish the tax rebates of yore had been plowed into buying down debt instead.

If you own CA munis, you’ve been warned.

[Anonymous]

This is not the time for higher taxes but CA doesn’t own a printing press. I just wish the tax rebates of yore had been plowed into buying down debt instead.

If you own CA munis, you’ve been warned.

[Anonymous]

This is not the time for higher taxes but CA doesn’t own a printing press. I just wish the tax rebates of yore had been plowed into buying down debt instead.

If you own CA munis, you’ve been warned.

[Anonymous]

This is not the time for higher taxes but CA doesn’t own a printing press. I just wish the tax rebates of yore had been plowed into buying down debt instead.

If you own CA munis, you’ve been warned.

[Author]

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