So-Cal Jobless Rate Worst in Nation
California’s budget situation is simple to understand. Revenue is less than spending. Members of the Legislature will have to grapple with the culture of overspending so prevalent at the Capitol. The Board of Equalization is tasked with collecting sales, use and property tax. The Legislature isn’t making this easy.
Sure, they love it when we act aggressively to find and collect tax dollars. Sadly, they make it difficult for taxpayers to accumulate earnings to be taxed. Our State’s prosperity is tied to the prosperity of its people. Nowhere in history has anyone ever been taxed into prosperity.
The United States Department of Labor just released their unemployment statistics. California, once a leader in innovation; is now a leader in desperation. According to the Bureau, eight areas, seven of which are located in California, recorded jobless rates of at least 10 percent.
The Tax Collector’s Conscience
Forget the new Indiana Jones thriller, for real action-packed excitement just tune into the State Senate Revenue and Taxation Committee. Last week’s hearing had it all: a tax temper tantrum, rowdy debate over parliamentary procedure and even controversial remarks about the tax agency’s conscience.
Check out the video:
Youtube: Tax Collector’s Conscience