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Hell Freezes Over: Liberal Mecca California does the impossible: balances budget..

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Genx87 said:
He he I keed I keed 😀

The effective tax rate is really a better measure for state taxes. Taxes will be paid it just depends where it comes from. Income, sales, or property. For people in different times of their lives a state is more beneficial.
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Yeap. I'm nearly certain that Texas has a lower effective tax rate than California, but if I remember right it isn't as much as you might think.
 
ShintaiDK said:
Alot of bitter and self destructive people here it seems. The news is good news, not bad.
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Good news that's fake. It's a mere projection.

They assume they are going to collect the taxes they raised. Probably with the additional assumption of economic growth. We'll see how the cards fall.
 
Jaskalas said:
Good news that's fake. It's a mere projection.

They assume they are going to collect the taxes they raised. Probably with the additional assumption of economic growth. We'll see how the cards fall.
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It's not fake, it just comes with that caveat. Considering the economic and employment recovery in CA it isn't that shocking, really. The budget deficit was down sharply last year as well.

While projections can be off, the budget is likely to either be balanced or close to it.
 
In other news (seriously for once, not sarcasm), Texas is also projected to run a surplus, and Jindal has proposed eliminating the state income tax.
 
Genx87 said:
He he I keed I keed 😀

The effective tax rate is really a better measure for state taxes. Taxes will be paid it just depends where it comes from. Income, sales, or property. For people in different times of their lives a state is more beneficial.
Click to expand...


THIS!!!

So many people complain that Sate A has lower sales tax than State B but leave off State B has higher proprty Taxs than State A and on and on.

Either look at ALL taxes and how they affect someone or admit you are a fringe on the hard Right/Left and part of the problem.

I'm looking at all state taxes now to see where me and the miss will retire. Some colder states have better overall taxes it seems but i'll pay a little extra to be warm. 🙂
 
Genx87 said:
Yes and I believe politicians in that state are looking to spend that surplus.
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I saw that as well but give Brown credit as he has warned them not to think to far ahead on spending as the surplus could turn the other way...

"Brown warned that the surplus could be at risk from federal deficit actions, a delay in the economic recovery or increasing health-care costs."
 
However they did it, I'm glad. This sure beats the US federal model of not balancing the budget since the 1960s. Taxes down, spending up, w00t let's ride this credit card until it maxes out!
 
Jimzz said:
THIS!!!

So many people complain that Sate A has lower sales tax than State B but leave off State B has higher proprty Taxs than State A and on and on.

Either look at ALL taxes and how they affect someone or admit you are a fringe on the hard Right/Left and part of the problem.

I'm looking at all state taxes now to see where me and the miss will retire. Some colder states have better overall taxes it seems but i'll pay a little extra to be warm. 🙂
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Bullshit. You are under a principle that all taxes created equal - which is FAR from the truth.

Sales tax - UNAVOIDABLE. Everyone makes purchases - outside of "side deals" that are illegal - which doesn't account for many transactions given places like Walmart. Everyone buys groceries.

Income tax = Avoidable. Plenty of people don't pay taxes on income they do receive. Example: Illegals doing things such as lawn mowing - personal house cleaners, plenty of corporations do it too, outsourcing, yada yada

Property taxes - Avoidable. Don't own property being the most obvious. But also - multiple families living together. If 10-20 people are living in a single property - the taxes don't go up.
 
Atreus21 said:
NYT said it was. Need to find the original headline.

I think it's a forecast of a surplus of $8.8 billion.
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Texas is doing really well because of the Gulf drilling and manufacturing of oil equipment.

Very strong industries that stayed in the US.

They also weathered the financial crisis better than most states, due to much stricter laws on lending.
 
Jimzz said:
I saw that as well but give Brown credit as he has warned them not to think to far ahead on spending as the surplus could turn the other way...

"Brown warned that the surplus could be at risk from federal deficit actions, a delay in the economic recovery or increasing health-care costs."
Click to expand...
That can't possibly be right. Brown is a Democrat therefore he must be all about the taxing and spending, not just taxing. :colbert:
 
Effective tax rates for every state. Texas is around the 46th highest tax paying state in the country. I've look at moving to Texas a few times when I've had job opportunities there. Their property taxes never seem that out of line to me. Especially considering they have no income tax and lower sales tax than most other states.

Their property taxes are higher than Oklahoma, but no where near double, and they are just a little higher than what I paid in Ohio.
 
ShintaiDK said:
You mean property tax?
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Property taxes are collected/utilized by the locality and not the state. My property tax is lower in Texas than it was it was in Virginia. I'm also don't pay property tax on my vehicle annually down here. Vehicle registration and tags are mostly the same between the two states.


Texas also doesn't have a state income tax
 
s0me0nesmind1 said:
Bullshit. You are under a principle that all taxes created equal - which is FAR from the truth.

Sales tax - UNAVOIDABLE. Everyone makes purchases - outside of "side deals" that are illegal - which doesn't account for many transactions given places like Walmart. Everyone buys groceries.

Income tax = Avoidable. Plenty of people don't pay taxes on income they do receive. Example: Illegals doing things such as lawn mowing - personal house cleaners, plenty of corporations do it too, outsourcing, yada yada

Property taxes - Avoidable. Don't own property being the most obvious. But also - multiple families living together. If 10-20 people are living in a single property - the taxes don't go up.
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Only bullshit is yours.

EVEYONE pays property taxs, outside of being homeless. Its based on the you know property. So yes you can have more people in 1 or buy a cheaper place that is a OPTION. Also property taxs are added to rent, so yes you still pay them.

And then your tanget on illegal activites are very small in scale, let alone illegal.

Grow up.
 
Londo_Jowo said:
Property taxes are collected/utilized by the locality and not the state. My property tax is lower in Texas than it was it was in Virginia. I'm also don't pay property tax on my vehicle annually down here. Vehicle registration and tags are mostly the same between the two states.


Texas also doesn't have a state income tax
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Thats completely irrelevant to the post I replied to. Do you even follow the thread?
 
Jimzz said:
Only bullshit is yours.

EVEYONE pays property taxs, outside of being homeless. Its based on the you know property. So yes you can have more people in 1 or buy a cheaper place that is a OPTION. Also property taxs are added to rent, so yes you still pay them.

And then your tanget on illegal activites are very small in scale, let alone illegal.

Grow up.
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:biggrin:

Silly little man, thinks that something you don't see often isn't alive and rampant.


No - 3 families living under the same roof is not an equivalency to tax all around.

Which is going to generate more revenue? 3 Families living under 1 roof with property tax going up? Or 3 Families living under 1 roof with sales tax going up? Let me know when you can determine the difference broceritops 😎

You don't see drug deals often do you? So that means it doesn't exist right? It doesn't account for billions upon billions of dollars - noooooooooooooooo. :sneaky:


You silly little boy lulz.
 
ShintaiDK said:
Thats completely irrelevant to the post I replied to. Do you even follow the thread?
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Did you read the post to which you were replying?

Acanthus said:
Texas is doing really well because of the Gulf drilling and manufacturing of oil equipment.

Very strong industries that stayed in the US.

They also weathered the financial crisis better than most states, due to much stricter laws on lending.
Click to expand...

ShintaiDK said:
You mean property tax?
Click to expand...
 
Great new for CA if the numbers work out in the end.


Though I don't see why everyone is harping about Texas and their high property taxes. The cost of living and cost of housing being so much lower than CA far outweigh any increase in property taxes. Housing in CA is about 4-8x as expensive compared to TX.

And having just moved from Dallas, there are a TON of people from California there. I would say it was the largest demographic of people besides native Texans.
 
California is in better shape because the Democrats got a super majority. Republicans have f*cked the state over with things like prop. 13. Even the disaster of Enron and energy traders stealing 30 billion dollars out of the California economy that the Republicans refused to stop, can't happen with a super majority of Democrats.

Finally reasonable measures can be taken.
 
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