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Archive for August 3rd, 2012
Businesses moving from Calif to Texas
Posted by taxguru on August 3, 2012
One of the business and tax strategies I have long helped clients with is shifting all or part of their business income and operations out of the PRC, usually to close-by tax free states, such as Washington, Nevada or Texas. This trend is going to continue to grow, as the morons in Sacramento continue the drive towards bankruptcy.
Here is a great video from Bill Whittle on why smart Calif businesses with a desire to continue in existence are moving out of the state. An immediate free nine percent increase in pay for all of the employees, who won’t have to pay Jerry Brown any more income taxes, is just one of the many benefits.
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Posted by taxguru on August 3, 2012
Facebook Stock Crash Hoses California’s Tax Revenue – In the Bizarro world of government, they love to “balance” their budgets with completely unrealistic overly optimistic assumptions about the size of revenues. That’s how the Clinton gang conjured up an imaginary budget surplus for his last year. They assumed the stock market would continue to grow at 20% per year, when in actuality, it crashed.
Governor Moonbeam has already said that his “balanced” budget is contingent on the assumption that voters will approve two large tax increases in November. Has a betting pool been set up to predict when the PRC declares bankruptcy?
Republicans grill IRS commissioner on health care – The fun and games with ObamaCare are just beginning. If it’s not repealed, those of us in the tax profession will have to become ensnared in its thousands of pages of rules and regulations, even though none of us had any desire to go to medical school.
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Tax Guru - Ker$tetter Letter 