As Expected, California Tax Commission Releases Sharply Regressive Tax "Reform" Plan

[clear eye]

from Citizens for Tax Justice

October 2, 2009 4:54 PM |Permalink|

After ten months of work, California’s “Commission on the 21st Century Economy” has finally released its recommendations for overhauling the California tax system. The Commission has proposed to eliminate the corporate income tax, eliminate the sales tax, sharply reduce the progressivity of the individual income tax, and enact a new “business net receipts tax” (BNRT) that would function in many respects as a new, less transparent sales tax. The income tax changes are especially appalling, as the Commission’s own presentation (see the last slide) concedes that taxpayers with incomes over $1 million would receive an average tax cut of over $109,000 per year, while those making under $50,000 would receive somewhere in the neighborhood of $3 annually from the plan.

[asdjrocky]

1. Thanks for posting.

I always wonder if Ca is supposed to be so Liberal why do we keep letting Conservanuts run things?

[clear eye]

2. Sorry about the bad news.

Only thing I can think of is to try to get the link to the original article out widely. Maybe you can get a high-profile opposition Dem read and explain some of it onto a Youtube video. Small business owners should hate the new net receipts tax if they understand it, and all of us who make less than $1M/yr. should be horrified by the change in the income tax.

Remember Obama got his leg up into the Presidential nomination by starting on YouTube.

[asdjrocky]

3. I'm sending it to Ca Assembly Member Dave Jones-

He's one of the last honest guys. I'm also getting this out there everywhere I can.