The OC Register today offers an excellent editorial on the latest set of imperious taxes out of Congress needed to fuel the spending of the worst Administration in the history of the United States: Internet sales tax a virtual nightmare. Of course, the Register is correct in stating their opposition and no disagreement’s to be found here.
The end of the Editorial especially fingers Loretta and Linda Sanchez, two members of Congress that are such an embarrassment to southern California:
In the House of Representatives, the bill is H.R. 684. Unfortunately, it is co-sponsored by local Rep. Loretta Sanchez, D-Santa Ana, and Rep. Linda Sanchez, D-Cerritos. We urge the other members of the House to oppose this legislation.
Elections do have consequences. Indeed, how unfortunate and embarrassing to have these two liberals representing our interests.
Maybe the girls ought to consider how burdened we already are by the Federal and State government. Consider these few items from Richard Rider at the San Diego Tax Fighters:
Prior to Prop 30 passing, CA already had the 2nd worst state income tax rate in the nation. Our 9.3% tax bracket started at $48,942 for people filing as individuals. 10.3% started at $1 million.
Now our retroactive (to 1/1/2012) “millionaires’ tax” rate is 13.3% – including capital gains (CA/federal total capital gains tax now the 2nd highest in the world). 10+% taxes now start at $250K.
CA now has by far the nation’s highest state income tax rate. We are 21% higher than the 2nd highest state (Hawaii), 34% higher than the 3rd highest state (Oregon), and a heck of a lot higher than all the rest – including 7 states with zero state income tax.
CA is so bad, we also have the 2nd highest state income tax bracket. AND the 3rd. Plus the 5th and 7th. http://taxfoundation.org/sites/taxfoundation.org/files/docs/ff2013.pdf Table #12 and
CA has the highest state sales tax rate in the nation. 7.5% (does not include local sales taxes).
CA corporate income tax rate (8.84%) is the highest west of the Mississippi (our economic competitors) except for Alaska.
http://taxfoundation.org/article/2013-state-business-tax-climate-index Table #1 – we are 6th highest nationwide.
CA has the nation’s 2nd highest gas tax at 67.1 cents/gallon (December, 2012). National average is 48.8 cents. On 1 July CA institutes a new 3.5 cent gas tax, which, based on present numbers, should easily move us back into the #1 position.
http://www.api.org/statistics/fueltaxes/ (CA also has the nation’s 3rd highest diesel tax – 75.3 cents/gallon. National average 54.4 cents)
Richard Rider’s complete list from 9/13/12 is on the link above, and at Fox & Hounds: Breaking Bad: California vs. the Other States.