OT: Public pay & benefits

[EmilyHicks]

We will work hard to serve our masters, the Public Employees and their powerful unions.

But wait, once income tax and sales tax reach 15% there will be any private workers left in this state to finance this montrosity? This is not going to work is it?

And don’t tell me sales tax won’t reach 15%. It was 5% and now it is on the verge of going to 9.25%. Nothing is going to stop this, as the public employee unions get more powerful and putting their puppets into office they will be more and more arrogant.

I have started buying almost every thing I can on Amazon. I even bought a vacuum cleaner on Amazon last week. I pay no sales tax to California. I am a PRIME member of Amazon where you pay $79 a year and get unlimited free shipping. So far this year, I bought for myself and my parents, sister, and brothers over $9K on Amazon. Everything from HDTV, blueray player to diapers. I rather see UPS get my money.

[quote=paramount]If Jerry Brown gets elected those of us in the private sector in California really are doomed.[/quote]

[EmilyHicks]

Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%

[EmilyHicks]

Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%

[EmilyHicks]

Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%

[EmilyHicks]

Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%

[EmilyHicks]

Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%

[bearishgurl]

In National City, CA, the sales tax rate is 9.75%. Here lies the most well-stocked, popular mall in the immediate area, “Plaza Bonita,” which was recently “remodeled” by Weisfield with many amenities previously unknown to this crowd. What are we going to do? Drive 16-18 mi. to MV/FV?? There’s a captive audience fueling the coffers of this tiny city, more than half of it south of the US/MX border. It has a recently-built 3-story parking garage but try to find a parking space on Fri Night/wknds (when the AMC movies are full). Before the major remodel, it was a partially boarded up ghost town . . . lol.

[bearishgurl]

In National City, CA, the sales tax rate is 9.75%. Here lies the most well-stocked, popular mall in the immediate area, “Plaza Bonita,” which was recently “remodeled” by Weisfield with many amenities previously unknown to this crowd. What are we going to do? Drive 16-18 mi. to MV/FV?? There’s a captive audience fueling the coffers of this tiny city, more than half of it south of the US/MX border. It has a recently-built 3-story parking garage but try to find a parking space on Fri Night/wknds (when the AMC movies are full). Before the major remodel, it was a partially boarded up ghost town . . . lol.

[bearishgurl]

In National City, CA, the sales tax rate is 9.75%. Here lies the most well-stocked, popular mall in the immediate area, “Plaza Bonita,” which was recently “remodeled” by Weisfield with many amenities previously unknown to this crowd. What are we going to do? Drive 16-18 mi. to MV/FV?? There’s a captive audience fueling the coffers of this tiny city, more than half of it south of the US/MX border. It has a recently-built 3-story parking garage but try to find a parking space on Fri Night/wknds (when the AMC movies are full). Before the major remodel, it was a partially boarded up ghost town . . . lol.

[bearishgurl]

In National City, CA, the sales tax rate is 9.75%. Here lies the most well-stocked, popular mall in the immediate area, “Plaza Bonita,” which was recently “remodeled” by Weisfield with many amenities previously unknown to this crowd. What are we going to do? Drive 16-18 mi. to MV/FV?? There’s a captive audience fueling the coffers of this tiny city, more than half of it south of the US/MX border. It has a recently-built 3-story parking garage but try to find a parking space on Fri Night/wknds (when the AMC movies are full). Before the major remodel, it was a partially boarded up ghost town . . . lol.

[bearishgurl]

In National City, CA, the sales tax rate is 9.75%. Here lies the most well-stocked, popular mall in the immediate area, “Plaza Bonita,” which was recently “remodeled” by Weisfield with many amenities previously unknown to this crowd. What are we going to do? Drive 16-18 mi. to MV/FV?? There’s a captive audience fueling the coffers of this tiny city, more than half of it south of the US/MX border. It has a recently-built 3-story parking garage but try to find a parking space on Fri Night/wknds (when the AMC movies are full). Before the major remodel, it was a partially boarded up ghost town . . . lol.

[CA renter]

[quote=EmilyHicks]Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%[/quote]

Though it’s federal, look at what happened to the top marginal tax rates during that period:

http://www.taxfoundation.org/research/show/151.html

Interestingly, it looks like our economy was performing best when top marginal tax rates were highest.

——————–

Maybe this is the biggest problem facing the state:

The major part of PIT revenue comes from wages and salaries and accounts for nearly sixty percent of the total. Capital gains taxation contributes to a much lesser extent however, in recent years the share of capital gains has been steadily increasing.
This has been on account of many factors. Firstly, because the nature of income is generally attributable to high bracket income tax payers and is therefore, subject to be taxed at higher rates. The dollar amount of capital gains has risen rapidly in recent times. Now as capital gains are highly volatile, being mostly related to the stock market and the housing sector, they make PIT volatile and difficult to forecast and this poses many revenue-related challenges.

In the US, forty-three states and the District of Columbia impose personal income tax. By making an interstate comparison, it is found that the California PIT is above average than all other states. In marginal tax rates, the upper most level of marginal tax rate in California is quite high, as compared to most other states and it is next only to Oregon, although the lowest marginal tax rate covers a rather wide band of income range. The PIT burden in California is certainly higher. It is another matter that the cumulative burden of all other taxes in the state of California is near average, which helps to mitigate the effects of a higher PIT to some extent.

Read more: http://www.articlesbase.com/destinations-articles/overview-of-california-income-tax-114608.html#ixzz13itgrIrP
Under Creative Commons License: Attribution
——————-

Mind you, I’ll be the first to say that spending has gotten way out of control. Where we disagree is the nature of that overspending. Again, I’ve said before many times that the pension issue needs to be addressed, but trying to make public unions the scapegoat for all of our ills is overly simplistic, and uninformed, IMHO. It doesn’t address the root causes of our problems.

[CA renter]

[quote=EmilyHicks]Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%[/quote]

Though it’s federal, look at what happened to the top marginal tax rates during that period:

http://www.taxfoundation.org/research/show/151.html

Interestingly, it looks like our economy was performing best when top marginal tax rates were highest.

——————–

Maybe this is the biggest problem facing the state:

The major part of PIT revenue comes from wages and salaries and accounts for nearly sixty percent of the total. Capital gains taxation contributes to a much lesser extent however, in recent years the share of capital gains has been steadily increasing.
This has been on account of many factors. Firstly, because the nature of income is generally attributable to high bracket income tax payers and is therefore, subject to be taxed at higher rates. The dollar amount of capital gains has risen rapidly in recent times. Now as capital gains are highly volatile, being mostly related to the stock market and the housing sector, they make PIT volatile and difficult to forecast and this poses many revenue-related challenges.

In the US, forty-three states and the District of Columbia impose personal income tax. By making an interstate comparison, it is found that the California PIT is above average than all other states. In marginal tax rates, the upper most level of marginal tax rate in California is quite high, as compared to most other states and it is next only to Oregon, although the lowest marginal tax rate covers a rather wide band of income range. The PIT burden in California is certainly higher. It is another matter that the cumulative burden of all other taxes in the state of California is near average, which helps to mitigate the effects of a higher PIT to some extent.

Read more: http://www.articlesbase.com/destinations-articles/overview-of-california-income-tax-114608.html#ixzz13itgrIrP
Under Creative Commons License: Attribution
——————-

Mind you, I’ll be the first to say that spending has gotten way out of control. Where we disagree is the nature of that overspending. Again, I’ve said before many times that the pension issue needs to be addressed, but trying to make public unions the scapegoat for all of our ills is overly simplistic, and uninformed, IMHO. It doesn’t address the root causes of our problems.

[CA renter]

[quote=EmilyHicks]Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%[/quote]

Though it’s federal, look at what happened to the top marginal tax rates during that period:

http://www.taxfoundation.org/research/show/151.html

Interestingly, it looks like our economy was performing best when top marginal tax rates were highest.

——————–

Maybe this is the biggest problem facing the state:

The major part of PIT revenue comes from wages and salaries and accounts for nearly sixty percent of the total. Capital gains taxation contributes to a much lesser extent however, in recent years the share of capital gains has been steadily increasing.
This has been on account of many factors. Firstly, because the nature of income is generally attributable to high bracket income tax payers and is therefore, subject to be taxed at higher rates. The dollar amount of capital gains has risen rapidly in recent times. Now as capital gains are highly volatile, being mostly related to the stock market and the housing sector, they make PIT volatile and difficult to forecast and this poses many revenue-related challenges.

In the US, forty-three states and the District of Columbia impose personal income tax. By making an interstate comparison, it is found that the California PIT is above average than all other states. In marginal tax rates, the upper most level of marginal tax rate in California is quite high, as compared to most other states and it is next only to Oregon, although the lowest marginal tax rate covers a rather wide band of income range. The PIT burden in California is certainly higher. It is another matter that the cumulative burden of all other taxes in the state of California is near average, which helps to mitigate the effects of a higher PIT to some extent.

Read more: http://www.articlesbase.com/destinations-articles/overview-of-california-income-tax-114608.html#ixzz13itgrIrP
Under Creative Commons License: Attribution
——————-

Mind you, I’ll be the first to say that spending has gotten way out of control. Where we disagree is the nature of that overspending. Again, I’ve said before many times that the pension issue needs to be addressed, but trying to make public unions the scapegoat for all of our ills is overly simplistic, and uninformed, IMHO. It doesn’t address the root causes of our problems.

[CA renter]

[quote=EmilyHicks]Here is the sales tax rate in California over the years

Effective Date Sales Tax in California
4/1/2009 8.25%
7/1/2004 7.25%
1/1/2002 7.25%
1/1/2001 7.00%
7/15/1991 7.25%
1/1/1991 6.00%
12/1/1989 6.25%
4/1/1974 6.00%
10/1/1973 5.00%
7/1/1973 6.00%
7/1/1972 5.00%
8/1/1967 5.00%
1/1/1962 4.00%
7/1/1949 3.00%
7/1/1943 2.50%
7/1/1935 3.00%
8/01/33** 2.50%[/quote]

Though it’s federal, look at what happened to the top marginal tax rates during that period:

http://www.taxfoundation.org/research/show/151.html

Interestingly, it looks like our economy was performing best when top marginal tax rates were highest.

——————–

Maybe this is the biggest problem facing the state:

The major part of PIT revenue comes from wages and salaries and accounts for nearly sixty percent of the total. Capital gains taxation contributes to a much lesser extent however, in recent years the share of capital gains has been steadily increasing.
This has been on account of many factors. Firstly, because the nature of income is generally attributable to high bracket income tax payers and is therefore, subject to be taxed at higher rates. The dollar amount of capital gains has risen rapidly in recent times. Now as capital gains are highly volatile, being mostly related to the stock market and the housing sector, they make PIT volatile and difficult to forecast and this poses many revenue-related challenges.

In the US, forty-three states and the District of Columbia impose personal income tax. By making an interstate comparison, it is found that the California PIT is above average than all other states. In marginal tax rates, the upper most level of marginal tax rate in California is quite high, as compared to most other states and it is next only to Oregon, although the lowest marginal tax rate covers a rather wide band of income range. The PIT burden in California is certainly higher. It is another matter that the cumulative burden of all other taxes in the state of California is near average, which helps to mitigate the effects of a higher PIT to some extent.

Read more: http://www.articlesbase.com/destinations-articles/overview-of-california-income-tax-114608.html#ixzz13itgrIrP
Under Creative Commons License: Attribution
——————-

Mind you, I’ll be the first to say that spending has gotten way out of control. Where we disagree is the nature of that overspending. Again, I’ve said before many times that the pension issue needs to be addressed, but trying to make public unions the scapegoat for all of our ills is overly simplistic, and uninformed, IMHO. It doesn’t address the root causes of our problems.

[Author]

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