So in 50 words or less, what was Prop 30?

And jesus fucking christ, how many propositions do ya'll have on your ballot? Statewide I think we had 9 ... I voted no for everything except the two or three that helped veterans and seniors.

At what point do you stop throwing money at the problem instead of fixing the problem?

I'll do it in 2 words: "higher taxes"


http://ballotpedia.org/wiki/index.ph...ase_%282012%29

bringing taxes back to clinton rates is 50% ? I thought it was 4 percent more.

We had 11 propositions, they don't start at 1 for every election.

Prop 30 raised our sales tax again as well as the state income tax . . . retroactively for ballers.

Unless they are already independently wealthy the big limousines thing is far from the truth. Capitol Hill food isn't all that impressive unless you're dining in the Senate's member dining room. It's not usual to have roommates to keep costs down when Congress is in session. While there is a lot of money in Congress, it's not at all what you are imagining.

Here ya go...and I'm glad I don't live there (and they wonder why no businesses want to start in California):

Proposition 30

Raises California?s sales tax to 7.5% from 7.25%, a 3.45% percentage increase over current law. (Under the Brown Tax Hike, the sales tax would have increased to 7.75%)

Creates four high-income tax brackets for taxpayers with taxable incomes exceeding $250,000, $300,000, $500,000 and $1,000,000. This increased tax will be in effect for 7 years.

Imposes a 10.3% tax rate on taxable income over $250,000 but less than $300,000--a percentage increase of 10.6% over current policy of 9.3%. The 10.3% income tax rate is currently only paid by taxpayers with over $1,000,000 in taxable income.

Imposes an 11.3% tax rate on taxable income over $300,000 but less than $500,000--a percentage increase of 21.5% over current policy of 9.3%.

Imposes a 12.3% tax rate on taxable income over $500,000 up to $1,000,000--a percentage increase of 32.26% over current policy of 9.3%.

Imposes a 13.3% tax rate on taxable income over $1,000,000--a percentage increase of 29.13% over current "millionaires tax" policy of 10.3%.
I
ncome tax will apply retroactively to all income earned or received since the first of the year (1 January, 2012).

Based on California Franchise Tax Board data for 2009[8], the additional income tax is imposed on the top 3% of California taxpayers.

Dumbass, we are talking STATE TAXES not FEDERAL. Keep up.

I told my son today that things were fine a few weeks ago while Obama was President. Things will be ok, He asked "what about coal?" I said I don't know maybe electric will go up, but we don't make money from coal...lol. The kids in his class act like the world is over.

Ah, OK that makes sense. We re-start the count for each measure each election. I would go nuts researching 30 props/measures/whatever. 11 is manageable.

What is your sales tax rate up to?

What's the deal with retroactively for ballers? How far back does it go and how much more is it? How can laws even be retroactive? I didn't know that was possible.

edit: nm, didn't see Robbie's response. Reading now.

I dont call you names, is it too much to expect the same?

my "50" bot malfunctioned, sorry about that... :1orglaugh :winkwink:

Jesus. If the state is still broke in a few years they are doing something really, really, really wrong.

Maryland (which has tons of illegals they support btw... so that can't be the only reason) has I think a 6% income tax on average and a 6% sales tax and is doing just fine. Even property taxes are reasonable.

In Florida we have no state income tax, 6% sales tax, hefty tourism taxes and high property taxes... nothing obscene though even when you add it all up... and things are OK (not great, but OK)

Nice childhood you're giving your kid, scaring the shit out of him about coal. WTF

When you live in an area that makes most of their money from coal, it would make sense for kids to be concerned because their daddy is concerned about his job.

He got all that from school. I have been telling him that Obama is our President, Isn't a bad guy, and deserves respect.

See from what I read one of the big problems in CA and it caused this problem is CA doesnt have high property taxes. When Warren Buffet was helping with Arnolds race for GOV. He said something is wrong when he paid more than $14,000 in property taxes annually on his primary residence in Omaha, which was valued at $500,000, while paying less than $2,000 a year on his $2.4 million home in Laguna Beach, California.

I am glad I couldn't get any reception today on the plane with my phone. Did you guys look at the market today?

The business community is sending Obama a message. Don't ever forget the golden rule!

And yet it is still way higher than when a Republican President last left office.

Maybe it's a sign to Republicans in Congress to start working with the duly elected President on the fiscal cliff.

Their goal for four years was to make him a one term President and they failed. They should probably start listening to him more.

The President didn't change but a lot of seats in Congress did. Where is the real problem?

He paid less than $2k a year on a $2.4 million home? Wow. That is nuts. In most states you pay at least that much for something in the ghetto.

California property taxes are crazy low, but I don't think those numbers are correct. Maybe he was taking extra deductions or something like that, but I remember back around that time they were somewhere around 1.5%.

I'm sure one of the current California residents could clarify on that.

That is the STATE sales tax, not counting what the county adds to it; we will be about 10%, if not higher


I apologize but your inane ramblings really piss me off sometimes; more so when you don't have a clue.

jeez, stop listening to Tony. prop 13 locked in rates for people that owned their homes prior to 1978. I can assure you I pay more than $2k a year on my home and it is not worth anywhere close to $2.4 million


The law: Section 1. (a) The maximum amount of any ad valorem tax on real property shall not exceed one percent (1%) of the full cash value of such property. The one percent (1%) tax to be collected by the counties and apportioned according to law to the districts within the counties.

Ok,you are probably right. An anti business president gets reelected,assuring higher tax to business and Obamacare..the market drops 324 points the next day. It's a coincidence.

The Bush tax cuts were not perpetual for a reason...they were unsustainable. Letting a temporary tax cut expire is not raising taxes.

Health insurance should have never been tied to a job in the first place. Even with relatively minor ailments you were typically excluded from the insurance pool unless your employer took you under their wing. If you are willing to pay, access to health insurance should be a right not a benefit.

Is that all that Warren Buffet does is go around complaining that he doesn't pay enough taxes? Why doesn't he just pay more taxes voluntarily and shut the fuck up already. lol

Some of us are NOT billionaires. Some of us need every penny we make.

Minte, it is not unreasonable to believe that what you say and what you do may be two different things. For as much as you claim to do for employees if I compare you to someone of similar means and supposed views they are typically Obama supporters. You say all of these things that make you appear to be a dream employer but then you toe the party line...the line of a party that is opposite of your supposed belief system.

Don't try to convince me that there aren't many people out there who are more successful than you, employ more people than you and think differently than you.

I have taken you at face value but my BS meter is starting to activate.

Property tax isn't based on your income but rather the value of the home you choose to buy.

Everyone has access to health insurance, if you are already sick then it's not "insurance" any more, it's more like trying to find a sucker to pay for your healthcare... it's not unlike trying to buy a car insurance AFTER you crashed your car...

how sick people without insurance should pay for their healthcare is a complex topic, but lets not confuse "health insurance" with "who will pay for my healthcare"...

I have no idea what you are talking about. The market dropped 324 points today.
I was in a small plane flying to and from Saginaw Mi. I thought the market drop was funny. The BIG money people( I am not a part of that group) decided to send Obama a reminder.. The man that has the gold, makes the rules.

Not entirely true, man.

http://www.nytimes.com/2012/11/08/bu...next-year.html

Oh, I'm well aware of that. I live in a $720,000 home here in Vegas. I'm VERY familiar with how property tax works. :(

I'm just saying...everytime I hear anything related to Warren Buffet it's him complaining about taxes (of all sorts) not being high enough.

And as I said...he's the richest person in the freakin' world. lol
Not everybody can afford to pay MORE taxes like he can.

So, if it's not going to be paid off with taxes, how are we going to pay off the debt?

Yo republicans - do you want to see the fiscal cliff (sequestration) happen, or not?

If not, what do you want your politicians to do instead?

Why do you republicans never propose at graduated across-the-board cut?

1% a year for ten years - so it's ten percent after a decade - absolute, across all spending whatsoever?

You keep trying to play silly political games, where you want to cut just the stuff that hurts the nigras and the single moms and poor elderly, but keep all the corporate welfare.

Why dont you just strap on a pair and propose something the whole country can agree to - absolutely fair across-the-board cuts?

so a report on economic situation in Europe that didn't really report anything new caused one of the largest one day drops of the market in months, and you are claiming election results had nothing at all to do with it? :error

I said not ENTIRELY true.

Any smart investor knew Obama was going to be re-elected. Hell, I'm dumb and went to state college and I knew it.

Bill8, the federal govt. spent 10.6 BILLION dollars today. They will repeat that again tomorrow and the next day and the next day.

They haven't slowed down one tiny bit.

Don't you think that before they start up raising taxes that they should at least pretend that they are going to stop spending money faster than they can borrow it?

I'm being serious. Through all of this fiscal crisis, one thing has remained constant: 10.6 billion dollars a day in spending.

They spend all of "rich guy" Mitt Romneys net worth in 29 minutes. They spend all of really, really rich guy Warren Buffet's net worth in 4 days.

Yeah, we should raise taxes...but only if the govt. stops this insane spending. Raising taxes won't even put a dent in the problem.
Especially if Congress just takes that new revenue and spends it on something more.

No not tony it's warren buffet during Arnold's run for gov.

I don't believe that Bill will have an answer to this problem. And anyone with a pulse knows that every single fact you posted is 100% accurate.

Please don't share facts.

The forecasts, combined with European business?s general disappointment about the outcome of the U.S. presidential election, helped send stocks lower on the Continent and in London on Wednesday ? a downward drift that carried over to Wall Street through midday there

Tony did you read the second paragraph:
"The forecasts, combined with European business?s general disappointment about the outcome of the U.S. presidential election, helped send stocks lower on the Continent and in London on Wednesday ? a downward drift that carried over to Wall Street through midday there."

Looks like the European market wasn't happy about Obama's re-election either. :(

Robbie you keep saying 10 billion a day, what do you expect a country of over 300 million people, with a huge military industrial complex to spent. $ 1000 a day?

No I was listening about this all day, Germany could be in trouble and that's a big oh shit moment.

I am going to go with $4b a day. Seeing that's how much revenue they have coming in.
Is that unreasonable, Tony?

I thought all Europeans loved Obama.

Learn something new every day.

Tony there is no way that you can seriously sit there and justify that kind of spending. Especially when we are in trouble financilally as a nation.

And why does it matter how many people are in the U.S.? Are we giving everybody in the country a daily paycheck or something?

And you know what I think about the military spending. It should be sliced to the damn bone. Just enough to ensure a viable defense just in case anybody ever invades us again (last time was the British in 1812 lol)

BINGO. They should only spend what they have coming in. A little less if possible...

meh - 300 points down - it went up 6000 points the last 4 years ;)

those 300 points will be back in no time

Not if we are at war and have a infrastructure falling apart.

unless the slide continues, which I wouldn't rule out... I wouldn't be a shocked if we are down 1000 points by the end of the week...