"Taxifornia" - Perhaps True Description for Golden State - Seeming to be Hungry for More Laws and Taxes to Impose

"Taxifornia" is a new report by the California Prosperity Project of Pacific Research Institute, and measures the California's tax burden and how that affects the state's competitiveness. 

 

California ranks in a tie for first place with South Carolina and New York for tax burdens on its people, so there's no state in worst place that California.

 

Does this make sense?  Tax and spend legislators in CA this week proposed adding more taxes to close the state's more than $20 billion budget deficit.

Sad that California is facing historically high unemployment at 12.6% and also high underemployment at the same time.

More taxes normally change incentives for people and businesses.  Fewer people will be expected to focus on being prosperous, work hard, save, invest and entrepreneurial.  Businesses and entrepreneurs change their attitudes and are sensitive to higher taxes.  

California should be tax-competitive with other states and encourage business and economy development.

Source:  Taxifornia, Orange County Register, 5-12-2010 - click here to see article.

 

 

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Harrison K. Long, REALTOR® & broker, Explore Group, Coldwell Banker Previews, Irvine, CA.  CA DRE #01410855.  ExploreProperties@gmail.com.  Lawyer member, California State Bar Association #69137.  National Association of Realtors, California Association of Realtors, and Orange County Association of Realtors.  Current Chairperson of Local Government Relations south committee at OCAR.org.  Newport Beach and Irvine area Realtor, broker agent and property information source. 

Thank you for contacting us and www.ExploreTheOC.com and always using an experienced local REALTOR® to help you with your decisions and sale or purchase of a home and property.

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