23 More Days Until California Tax Freedom Day – Keep Electing Democrats

Tax Freedom Day 2016(Tax Foundation) California Tax Freedom Day Arrives on the 30th April
(4th Latest Nationally) to Pay Ones Total Tax Bill This Year

How Has Tax Freedom Day Changed Over Time?

  • In 1900 Americans paid only 5.9% of their income in taxes, that year Tax Freedom Day arrived on the 22nd January — a century later Americans were paying 33% of their income in taxes.

What Taxes We Pay?

What We Pay

Related: Minimum Wage Hike to $15 Hr Will Cost California Taxpayers $3.6 Billion a Yr -Biz Journals

California Human & Business Capital Exodus Continues, Just Ask U-Haul

California Texas Trade GapU-Haul Rates Show Demand for Moving Vans Exiting California for Texas
are Much Higher than Vans Heading West –Investors Business Daily

Business TaxesCalifornia Ranks 48 (Only NY and NJ are Worse) as One of the Top Ten
Worst State’s for Business Taxes –Tax Foundation

California Sales TaxesCalifornia Ranks 1st in the Highest State & Local Income Tax in the Country –Tax Foundation

Related: Chinese Exporters Bypassing California Ports, Sending More Goods to U.S. Southeast -WSJ

San Francisco Based McKesson Corp Takes 1000 New Jobs to Texas -Dallas Morning News

Poverty Rate Jumps Among California Seniors -Sacramento Bee

Democrats Don’t Get It: California Ranks Worst State for Business & Highest Poverty Rate

California PovertySo Sad! My Beloved ‘Deep Blue’ State of California Worst State for Business, Highest Personal Income Tax & Poverty Rate in the Nation
Image Courtesy:
Soquel by the Creek

(LA Times) For the first time in nearly a year, gas prices have spiked to over $4.00 a gallon in Southern California thanks to the state’s various gas blends, want for more-and-more new laws and burdensome regulations preventing the recovery and sale of and abundance of natural resources together with Sacramento’s new .76 climate change tax that went into effective the first of the year.

  • Keep Voting for and Electing Democrats: “Insanity is doing something
    over and over again and expecting different results.” –Albert Einstein

Related: Gov Brown’s ‘Cap-n-Tax’ is Key to his Agenda

So Very Sad! My Beloved State of California Ranks as Worst State for Business Again in 2015

California Republic(Chief Executive.Net) California Ranks Dead Last for Second Year in a Row as Worst State for Business — Texas (No.1) and Florida (No.2) Remain in Top Spots for Business in 2015 –Image: Sooper Mexican

Flashback: On the 13 May, 2014 I wrote here California, New York and Illinois, continue to rank among the three worst states for business with virtually no change from the previous year.

California Tax Freedom Day is 3 Days Later This Year — Keep Electing Democrats

Tax Freedom Day 2015Have You Hugged a Democrat Today? There are Still 16 More Days Until ‘California Tax Freedom Day’ Finally Arrives –Image: OC Political

(Tax Foundation) In 2014 California Tax Freedom Day was on 30 April, how many more years will it take until one must work half the year just to pay their taxes?

  • Flashback: According to UT San Diego Just 10 Years Ago, ‘California Tax Freedom Day 2005’ Arrived on the 20 April

Related: Job Killer Bills Threaten California Economy –Breitbart

Thanks to ObamaCare That Raise You Want, You May Not Want

Covered California(The Blaze) Thanks to ObamaCare That Pay Raise You Want May Have
Negative Consequences to Some Taxpayers –Image:
Soquel by the Creek

Related: Half of ObamaCare Subsidy Recipients Will Owe IRS Money

Americans that Got Subsidies for Health Ins Now Owe the IRS Money

California Deep in Debt & Considering New Taxes, Wastes $540,000 for New Cars for Lawmakers

Ethics LessonEthics 101 for California State Lawmakers –Cartoon: Cal Watchdog

(LA Times) The State of California purchased some $540,000 worth of new Ford Fusion Hybrids and other vehicles for Members of the State Senate to replace vehicles that have as little as 12,400 miles on them over the past 18 months–some were purchased shortly before nearly 40 Senate staffers were laid-off because of a budget shortfall.

“The excesses and absurdities never seem to end with government,” said Lew Uhler, President of the California based Natl Tax Limitation Committee.

According to KCRA Sacramento the state’s Dept of General Services defended the purchases of the cars–eight of which cost nearly $24,000 each.

At a time when the State of California is $423,781,900,000.00+ in Debt and Democrats in Sacramento have proposed a new user fee tax to confiscate another $1.8 Billion from residents and consumers alike, what will it take for voters to revolt and recall Democrat state lawmakers in charge of the public purse?

Related: History and Recall of State Officials –NCSL

Obama Releases 332 Pg Plan to Regulate the Internet & Raise Taxes on Consumers

Aijit PaiFCC Commissioner AijitPai@Twitter Fact Sheet: Obama’s 332 Pg Plan
to Regulate the Internet Gives FCC the Power to Micromanage How the Internet Works & Opens the Door to Billions of New Taxes on Consumers

Flashback Video: Remember in 2008 in Dover, NH when then presidential candidate Barack Obama said: “I can make this firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes.”

Obama is a narcissistic, pathological liar.

H/T: Lana Wong@Facebook

California Already With the Nations Highest Gas Taxes, Democrat Proposes New Road User Fee

California Gas TaxesCalifornia Gas Taxes Already Highest in the Country Now Democrat
Assembly Speaker Wants to Gouge Consumers Even More
Image: CA Political Review

(LA Times) California Democrat Assembly Speaker Toni Atkins proposed on Wednesday a new user fee tax, to confiscate an additional $1.8 Billion annually from Consumers called a ‘Road User Charge’ tacked on to residents insurance bills or registration fees to allegedly pay for roadway maintenance.

Flashback: Remember in 2014 when an audit of California’s books revealed in excess of $31 Billion in accounting irregularities–Now Democrats want even more money. When is enough, enough? Can Democrats insatiable appetite to seize other peoples money be ever satisfied?

California already ranked by 500 of the top CEO’s in the country as the worst state to do business mainly because of the state’s high taxes and oppressive regulatory regime, Democrats in Sacramento are not going to make it any easier to attract new companies, business development and opportunity, by taking even more money from Consumers already overly burdened by the highest personal income taxes and gas taxes in the country.

Obama’s Latest Tax Hike Proposal on ‘529 College Savings Plans’ Breaks Middle Class Tax Pledge

More Free StuffObama’s Latest Brainstorm of ‘More Free Stuff’
Image: Joe Thompson@Twitter 

(CNN) The most compelling reason to save for your child’s college education in a 529 Plan has been for the tax savings–One can sock away up to $14,000 a year according to the IRS (which one of course pays taxes on when earned) for a child’s college costs and pay no capital gains taxes on the interest  when the funds are used to pay for educational costs–Well that’s the plan now unless Obama has his way.

Obama’s latest brainstorm: To strip away 529 College Saving Plans of their key tax breaks–Savings would still be tax deferred but withdrawals on any new deposits made into the 529’s would be taxed as ordinary income to the beneficiary (actually double taxed as one pays income taxes on the money earned before socking it away into a 529 account) Still, why remove the incentive to sock away money to pay for a child’s future education costs?

To the Obama Administration its all about ‘fairness’ (fair for who? Who decides what is fair? Obama?) adding that tax-free distribution of money from 529 accounts unfairly benefits high income earners.

Under Obama’s proposal, one must disincentivize college savings and investment to make children dependent on the government (taxpayers) for their future educational costs.

The Wall Street Journal reports that a Senior Obama Administration official said, “Under the president’s plan, every dollar saved from consolidating and curbing inefficient tax breaks and tens of billions more–is plowed right back into higher education tax benefits for students and middle-class families. In particular, families with incomes of up to $180,000 (Obama’s latest definition of who is rich) will be able to benefit from the expanded Opportunity Tax Credit.”

This so called, ‘Opportunity Tax Credit’ provides more benefit to lower income students, in part because it pays ‘cash’ to students who don’t make enough to pay income taxes.

So let me see if I have this straight. Obama now wants to allow the government to tax (confiscate) interest earned in ‘529 College Saving Plans’ (which one has already paid federal and state income taxes on the money earned before socking funds away for a child’s future college costs) in an effort to be ‘Fair’ to lower income Americans that will qualify for an ‘Opportunity Tax Credit’ paying them tax-free cash to help pay their educational costs.

Whatever happened to Obama’s ‘firm pledge’ not to raise taxes on families earning less than $250,000 annually?

Flashback Video: Remember in 2008 when then presidential candidate Sen. Obama claimed in Dover, New Hampshire:

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income taxes, not your payroll taxes, not your capital gains taxes, not any of your taxes.”

It sounds like its time to roll-over monies saved in 529’s while children are still young and one intends to continue to save for their future college costs for some years to come, into some other investment vehicle — Tax free municipals are looking better-and-better all the time.

Related: Obama Calls for $320 Billion in New Taxes –ATR