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Archive for the ‘Calif’ Category

Taxing refugees from high-tax states?

Posted by taxguru on December 20, 2012

Will people be held prisoner inside high-tax states if they can’t or won’t pay the Exit Fees?  Desperate money hungry State rulers may just stoop this low.

 

When Will Death Spiral States Impose Taxes On Fleeing Citizens?

New tax increases in California stir debate about adding to exodus

 

From Rush Limbaugh, who was a tax refugee from New York to Florida 15 years ago, but still has to undergo audits from the New York Tax goons every year to prove that he didn’t work inside the State borders.

Death-Spiral States Eye Exit Taxes

From Blog Pix

 

 

Posted in Calif, StateTaxes | Comments Off on Taxing refugees from high-tax states?

Calif Voters…

Posted by taxguru on November 15, 2012

From the latest episode of NewsBusted, how the country sees the voters in the PRC.

 

Posted in Calif, NewsBusted, video | Comments Off on Calif Voters…

Retroactive Tax Hike Approved in PRC

Posted by taxguru on November 7, 2012

California Passes Prop 30, Raises Taxes

Retroactive tax increase passes –  from Spidell

From Tax Info


Rush Limbaugh makes fun of the notion that this new tax on the evil rich will solve all of the budget problems for California.

 

Transcript of the above video.

California, Here We Come –  From today’s Rush show.

Message to Sacramento: Tax, but don’t overspend –  We all know how it ends up when DemonRats promise to cut spending in exchange for tax hikes.  They always end up breaking that promise.  It’s what did in Bush 41’s presidency, when he fell for the DemonRat lies and broke his “No New Taxes” pledge.  DemonRats have something in their DNA that compels them to raise taxes and spend like there is no tomorrow.  Expecting anything different from them is the definition of insanity.

 

Posted in Calif, TaxHikes | Comments Off on Retroactive Tax Hike Approved in PRC

Will Calif voters raise their own taxes?

Posted by taxguru on October 4, 2012

You can see some of Governor MoonBeam’s TV ads for Prop 30 to raise taxes on the evil rich.  It must have taken several tries, but they actually are able to keep a straight face while claiming that this new tax increase will be used only for schools and fully accountable, will be kept away from Sacramento politicians and audited with the reports posted on the web. 

Anyone who knows the history of specially designated taxes and fees knows that it doesn’t take long for that money to be commingled for everything else.  Social Security and Medicare taxes are perfect examples of how politicians routinely break their promises to use certain taxes only for certain purposes.  Revenues from this new tax will end up being spent on the rulers’ idiotic programs, such as the boondoggle corrupt high speed rail that nobody wants.

 

Posted in Calif, TaxHikes | Comments Off on Will Calif voters raise their own taxes?

Posted by taxguru on October 2, 2012

Why are people fleeing Cali? – Everyone has their own breaking point when it comes to being fiscally raped by the bozos in Sacramento.  Mine was 20 years ago, when we came out to the Ozarks on a house hunting trip and found our refuge from the oppressive PRC.

 

Posted in Calif | Comments Off on

Voting with our feet…

Posted by taxguru on September 26, 2012

The Great California Exodus: A Closer Look –  A detailed look at the various states we have been moving to.  If the tax hikes win in the November election, we can expect a huge growth in the number of people and businesses leaving Governor MoonBeam’s fantasy land. 

 

Posted in Calif | Comments Off on Voting with our feet…

Raising Taxes in the PRC

Posted by taxguru on September 23, 2012

We have a very clear preview of what’s to come for the nation as a whole out on the Left Coast.  When the Takers outnumber the Producers, it’s easy to get the votes to steal more money from the Producers, as is happening in the PRC.

Rush Limbaugh covered this in his latest Morning Update.

Transcript

 

 

Posted in Calif, Rush, SoakTheRich, TaxHikes, video | Comments Off on Raising Taxes in the PRC

2012 Calif Tax Rates

Posted by taxguru on August 14, 2012

The FTB announced their inflation adjusted tax rates and other tax items for 2012.

FTB Announcement

Full FTB Schedules

Spidell’s Bulletin

 

Posted in Calif | Comments Off on 2012 Calif Tax Rates

Governor MoonBeam Counting On Idiots to raise their own taxes…

Posted by taxguru on August 13, 2012

Rush’s Morning Update says it fairly well.  Anyone stupid enough to vote to raise his/her own taxes in order to support the morons in Sacramento deserves what s/he gets.

The text version of this.

 

Posted in Calif, Rush, TaxHikes, video | Comments Off on Governor MoonBeam Counting On Idiots to raise their own taxes…

Formally dissolving a business

Posted by taxguru on August 8, 2012

From Blog Pix

A huge expensive mistake people often make is assuming they can just close up their corporation’s bank account, walk away and that’s the end of it.  That’s not enough to satisfy the authorities, especially in the PRC. 

Until all of the proper official forms are filed and accepted by the Secretary of State’s office, that entity is technically still alive and has to pay all of the related taxes, including California’s $800 per year minimum tax.  Penalties and interest make that balance grow quite quickly.

Even if you’ve left the original state, that’s no security against being pursued for the delinquent taxes and penalties.  I have seen plenty of cases where fellow California refugees have been hounded by the FTB in other states, including here in the Ozarks.  The FTB aggressively pursues taxes all over the world.

I mention this because there is a good article in the FTB’s latest issue of TaxNews on how to properly wrap up a defunct business:

A Guide to Formally Terminate a Business Entity’s Legal Existence

This article from the previous month’s TaxNews is also very illustrative of the large amounts of money at stake for not properly dissolving a business entity.

Suspended/Forfeited Business Entities Revivors

 

TaxCoach Software: Are you giving your clients what they really want?

 

Posted in Calif, corp | Comments Off on Formally dissolving a business