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What does Gerry Parsky have against the California middle class and jobs? "Another is Pomp, who served during the 1980s on a panel that modernized New York state's tax system.
He said the California plan could have the unintended consequence of undercutting business and employment in the state by prompting some firms to export jobs overseas."
Parsky wants to tax your barber, attorney, CPA and dog groomer. The 4% will be added to your costs as the customer--meaning some cutbacks in services.
"To offset the income tax reduction, the commission would create a wide-ranging business tax that would encompass virtually every corner of California capitalism, including the service sector -- lawyers, engineers, business consultants -- that currently are not taxed. Such businesses are viewed as growth industries.
After a five-year transition period, the new business tax is expected to be about 4% on net receipts -- gross receipts minus the cost of purchases from other businesses. The current corporation tax would be eliminated the first year."
Looks like the leadership of the Tax Commission wants to keep the recession going in California--lost jobs, lost government revenues and U-Haul being a growth stock.
Thank you Gerry. Nevada appreciates your help.
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He said the California plan could have the unintended consequence of undercutting business and employment in the state by prompting some firms to export jobs overseas."
Parsky wants to tax your barber, attorney, CPA and dog groomer. The 4% will be added to your costs as the customer--meaning some cutbacks in services.
"To offset the income tax reduction, the commission would create a wide-ranging business tax that would encompass virtually every corner of California capitalism, including the service sector -- lawyers, engineers, business consultants -- that currently are not taxed. Such businesses are viewed as growth industries.
After a five-year transition period, the new business tax is expected to be about 4% on net receipts -- gross receipts minus the cost of purchases from other businesses. The current corporation tax would be eliminated the first year."
Looks like the leadership of the Tax Commission wants to keep the recession going in California--lost jobs, lost government revenues and U-Haul being a growth stock.
Thank you Gerry. Nevada appreciates your help.
More...