California’s Largest Corporation is Going Galt

[EdwardBaiamonte]

I suggest that business taxes are low in Texas because

(1) oil
(2) not many people want to live there, and
(3) economic stratification is a way of life there

When the population of Texas becomes as dense as that of California (e.g., never), taxes will increase to roughly the same levels.

dear, density means more people can share costs of roads sewers schools bridges airports etc etc so that would make it cheaper per person. Why do you think tiny towns often don't have airports?

In fact, liberalism attracts slow folks. Sorry

NO.

Go to Nebraska, Kansas, either Dakota, and you'll see why taxes are "low." There is nothing there. NOTHING. No museums, parks, paved rural roads, nothing. It's a freaking desert.

check miles of roads wires pipes etc per capita and in theory it ought to be more costly in Kansas than other states with less land and more population.

 

[Si modo]

No one could ever had seen THAT coming.

 

[EdwardBaiamonte]

No one could ever had seen THAT coming.

"that"?????????????

 

[Si modo]

No one could ever had seen THAT coming.

"that"?????????????

Oppression leads to flight.

 

[EdwardBaiamonte]

No one could ever had seen THAT coming.

"that"?????????????

Oppression leads to flight.

imagine of Thomas Jefferson had been taxed 50% or Sam Adams??

 

[Freemason9]

Go to Nebraska, Kansas, either Dakota, and you'll see why taxes are "low." There is nothing there. NOTHING. No museums, parks, paved rural roads, nothing. It's a freaking desert.

Are you really this stupid, or is this all some performance art thing?

Plus, I believe North Dakota is the fastest growing state in the union, and Nebraska and Kansas have been well above average for some time.

Those states are "growing" fast in terms of percentage increase, only. In terms of actual job numbers, though, those numbers wouldn't amount to even 0.1 percent variance in populated states like California or New York. Those "impressive" growth rates are only impressive in the context of North Dakota, Nebraska, and Kansas.

 

[Toro]

Are you really this stupid, or is this all some performance art thing?

Plus, I believe North Dakota is the fastest growing state in the union, and Nebraska and Kansas have been well above average for some time.

Those states are "growing" fast in terms of percentage increase, only. In terms of actual job numbers, though, those numbers wouldn't amount to even 0.1 percent variance in populated states like California or New York. Those "impressive" growth rates are only impressive in the context of North Dakota, Nebraska, and Kansas.

So?

 

[mjollnir]

good bye and enjoy your new found home for a few years until the minority population makes Texas back int a Dem state.

I lived in Cali before prop 13 and after.

It was a better run state before prop 13

Once more, TMN mistakes correlation for causality.

The Post Prop 13 era is the period in which public employee unions expanded dramatically and basically performed a coup d'etat over Sacramento. State spending per capita, adjusted for inflation, has grown at more than double the rate of inflation.

CA's problem is that it is on the Greek Trajectory of Big Government crushing the economy and society.

California's budget problems have everything to do with the fact that a minority of Repub troglodytes in the legislature have for the past 25 years repeated the "no new taxes" mantra in a state whose population has almost doubled since 1970. Sort of like what the red state Repubs did during Obama's first term.

California's problems largely have to do with ballot propositions from the 70s-80s that instituted permanent rule by a Republican minority and made it impossible to the balance the budget. It's an excellent model of the catastrophe America's currently headed toward because Republican filibuster abuse is moving the entire nation to California's broken "rule by the 40%" model.

Proposition 13 was passed a long time ago, and gave huge tax breaks to commercial real estate owners (and yes, granny too.) The cities, counties and state have been trying to recover ever since. As to over-generous union contracts, yeah, the politicians of the past, present and future tend to buy votes with such things. If you can figure how to stop it fairly, put it out there. We have propositions on the ballot every year to do one thing or another, they are most all corrupt themselves.

And, even though they've been the minority party for many years, they can strong arm the rest of the state on every funding issue because of the Prop 13 supermajority requirement, i.e., 2/3 of the legislature voting in favor of any tax increases.

 

[eflatminor]

California's budget problems have everything to do with the fact that a minority of Repub troglodytes in the legislature have for the past 25 years repeated the "no new taxes" mantra...

And yet, California somehow manages to consistently ranking among the top states with the highest overall tax burden. Amazing!

Annual State-Local Tax Burden Ranking (2010) - New York Citizens Pay the Most, Alaska the Least | Tax Foundation

The Most Tax-Burdened States - Forbes.com

That's some argument you've but forth there...

 

[mjollnir]

California's budget problems have everything to do with the fact that a minority of Repub troglodytes in the legislature have for the past 25 years repeated the "no new taxes" mantra...

And yet, California somehow manages to consistently ranking among the top states with the highest overall tax burden. Amazing!

Annual State-Local Tax Burden Ranking (2010) - New York Citizens Pay the Most, Alaska the Least | Tax Foundation

The Most Tax-Burdened States - Forbes.com

That's some argument you've but forth there...

And? That does not contradict it what I stated.

 

[eflatminor]

California's budget problems have everything to do with the fact that a minority of Repub troglodytes in the legislature have for the past 25 years repeated the "no new taxes" mantra...

And yet, California somehow manages to consistently ranking among the top states with the highest overall tax burden. Amazing!

Annual State-Local Tax Burden Ranking (2010) - New York Citizens Pay the Most, Alaska the Least | Tax Foundation

The Most Tax-Burdened States - Forbes.com

That's some argument you've but forth there...

And? That does not contradict it what I stated.

Right. California just isn't taxing its citizens enough. Whatever you say...

 

[mjollnir]

And yet, California somehow manages to consistently ranking among the top states with the highest overall tax burden. Amazing!

Annual State-Local Tax Burden Ranking (2010) - New York Citizens Pay the Most, Alaska the Least | Tax Foundation

The Most Tax-Burdened States - Forbes.com

That's some argument you've but forth there...

And? That does not contradict it what I stated.

Right. California just isn't taxing its citizens enough. Whatever you say...

Your talent for spouting irrelevancies is duly noted.

 

[EdwardBaiamonte]

California's budget problems have everything to do with the fact that a minority of Repub troglodytes in the legislature have for the past 25 years repeated the "no new taxes" mantra

Imagine where California and the nation would be without Republicans holding back the growth of government?? Libturds are 100% irresponsible and should be made illegal as our Constitution intended!



Where Does California Rank?

California is a high-tax state, with some of the steepest sales tax, personal income tax and corporate tax rates in the nation.

For businesses seeking to create jobs for Californians by locating or expanding in the state, taxes can be a major obstacle. California has the third-worst state business tax climate in the nation, according to an October 2012 report from the Tax Foundation, a national tax research organization that tracks state taxes in its 2013 State Business Tax Climate Index.

Here is how California compares to other states in terms of major taxes:

State Sales Tax: Highest in the Nation

California levies a 7.25 percent general sales and use tax on consumers, which is the highest statewide rate in the nation — and the rate will climb to 7.5 percent from January 1, 2013 to December 31, 2016, under Proposition 30, approved by voters in the November 2012 election. Local governments are permitted to levy another 1.5 percent. Click here for the State Board of Equalization's detailed description of the statewide sales and use tax rate, and here for information on additional city and county sales tax rates.

Gasoline Tax: Second Highest in the Nation

California's combined local, state and federal gasoline taxes total 68.9 cents per gallon, the second highest in the nation, just behind New York (69.7 cents per gallon), according to an October 2012 report by the American Petroleum Institute.

Personal Income Tax: Highest in the Nation

California's personal income tax has the highest top rate and one of the most highly progressive structures in the nation. After passage of Proposition 30, California's top rate is 13.3 percent (including the 1 percent surcharge for mental health programs, for all personal income taxpayers with taxable income over $1 million). Hawaii is second, with a top rate of 11 percent. Most small businesses are S Corporations, partnerships, or sole proprietorships, and pay their business taxes at the rates for individuals, which makes California's taxes on small businesses some of the most burdensome in the nation. Seven states do not impose a personal income tax.

Corporate Income Tax: Highest in the West

"Corporations looking to relocate, or even establish, a business in the West may shy away from California, as the state's 8.84 percent flat rate is the highest corporate tax rate in the West," the Tax Foundation said in 2011. Nothing has changed, as the group's 2013 State Business Tax Climate Index report shows that other Western states still have much lower corporate tax rates. Nationally, only eight states have a higher top corporate tax rate than California (Alaska, Illinois, Iowa, Maine, Minnesota, New Jersey, Pennslyvania and Rhode Island).

Property Tax: High, Even Under Proposition 13

In its 2013 State Business Tax Climate Index, the Tax Foundation ranks the 50 states on property tax collections per capita. As of July 1, 2012, property taxes in California were $1,458 per capita, ranked 15th highest nationally. Without Proposition 13, the 1978 voter-approved initiative that set limits on property taxes for California property owners, the state likely would rank even worse.



Related stories and resources:
California Ranks Poorly in Comparison of State Tax Climates
California Is the Worst at Job Creation, Study Says
California Prison Workers Are Nation's Most Expensive
Top CEOs Rank California as Worst Place for Business; California Ranks Poorly in Business Investment Survey

Technology Firm Leaving California, Citing High Taxes and Red Tape

California Loses Another Fortune 500 Headquarters
California Is One of Five Worst States for Retirees, Kiplinger's Says
California Solar Developers Find Better Incentives Elsewhere
California's Energy Policies May Lead to More Jobs in Nevada, Silver State Officials Say

 

[Procrustes Stretched]

What will Texas do when they decide to move to China?

 

[GHook93]

They lost 254 corporations in 254 in 2011! This is an increase of 26% after a record breaking year of fleeing corps in 2010! Amazing people will still defend the indefensible!

CARPE DIEM: Companies Leaving California in Record Numbers
"In 2011, 254 California companies moved some or all of their work and jobs out of state, 26% more than in 2010, according to Irvine business consultant Joe Vranich who has been tracking these departures since 2009.

The pace is accelerating, Vranich said. An average of 4.9 businesses left California each week of 2011, compared to 3.9 per week (202 total) in 2010 and one a week (51 total) in 2009. In what he calls "disinvestment events," Vranich counts companies that move jobs, facilities or headquarters out of California and "in carefully selected instances, companies making major capital investments in plants elsewhere that in the past would have been built in California," Vranich said.

For all California departures, the top destinations were Texas, Arizona, Colorado, Nevada and a tie for Utah and Florida, Vranich said."

 

[GHook93]

No worries! California is raising taxes next year and is looking at repealing Prop 13 which limits Property Taxes. When that happens all those people and jobs will come flooding back in and the California Economy will be humming in no time!

Emphasis on "no time".

Repealing Prop 13? No way, that is supposed to be a very very popular law in CA! The only thing that keeps CA from having the highest property taxes in the world!

 

[EdwardBaiamonte]

What will Texas do when they decide to move to China?

obviously the more business friendly and Republican Texas is, the less likely they will be to move to China.

 

[Mr Natural]

And the truly successful live where they want to, not where they have to.

 

[EdwardBaiamonte]

No worries! California is raising taxes next year and is looking at repealing Prop 13 which limits Property Taxes. When that happens all those people and jobs will come flooding back in and the California Economy will be humming in no time!

Emphasis on "no time".

Repealing Prop 13? No way, that is supposed to be a very very popular law in CA! The only thing that keeps CA from having the highest property taxes in the world!

the libturds are in charge now!! They would actually be proud to have the highest taxes!!