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High wage earners will see triple tax hit in 2013
North County Times [Escondido, CA], by Christopher Cadelago*
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Original Article
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Posted By:NorthernDog, 1/6/2013 9:39:43 PM
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| The federal “fiscal cliff” deal. President Barack Obama’s health care overhaul. Gov. Jerry Brown’s sales and income tax initiative. That triumvirate of tax increases is kicking in for the state’s highest earners. Beginning this year — and in some cases retroactive to last — the wealthiest among us will see a greater share of their compensation captured not only by the federal government as a means of averting the fiscal cliff and funding health care reform but also as an antidote to the state’s long-running budget morass. “The increase in an already-high tax rate is a strong disincentive
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Comments: * w/ Paul Sisson.
End result will be less revenue, not more, as earners flee to friendlier locales.
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Reply 1 - Posted by:
Safari Man, 1/6/2013 9:51:03 PM (No. 9102266)
I personally know numerous internet startup millionaires who vote dimocrat all the time and are rabidly anti republican. I enjoy the thought of their getting hit extra hard.
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Reply 2 - Posted by:
Beca, 1/6/2013 9:52:28 PM (No. 9102267)
Eventually these people are going to get ANGRY. Won´t that be interesting
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Reply 3 - Posted by:
killerbee, 1/6/2013 10:21:46 PM (No. 9102285)
No, it won´t be just the high wage earners who get hit. It will be the middle and working class that get hit the hardest.
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Reply 4 - Posted by:
bob913, 1/6/2013 10:28:34 PM (No. 9102288)
They have their money in offshore accounts like google and facebook etc do.
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Reply 5 - Posted by:
lotsamojo, 1/6/2013 10:30:03 PM (No. 9102289)
This triple whammy will see a fair amount of high earners(doers) leave to states directly east of the Golden State - Gov. Moonbeam will again act surprised that tax revenues are not meeting projections and will promptly enact other types of taxes/fees to make up for his intented mistakes!
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Reply 6 - Posted by:
LanieLou, 1/7/2013 12:35:43 AM (No. 9102418)
Note to Texas = 64,000 millionaires, seeking new homes!
Love the academia tries to justify tax level by using an 80 yr equation... and comparitive to the EU nations.... Well, Russia´s flat tax is what... 15% ?
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Reply 7 - Posted by:
Trigger2, 1/7/2013 6:36:54 AM (No. 9102596)
The stampede from CA is going to be something to behold. Next up: A stampede to get out of the U.S.
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Reply 8 - Posted by:
rockymtnhigh, 1/7/2013 10:43:52 AM (No. 9103056)
Unfortunately, those leaving California are taking their liberal ways to other states.
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Below, you will find ...
Most Recent Articles posted by "NorthernDog"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "NorthernDog"
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Large Mountain Lion Captured in LA Neighborhood
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KTLA-TV [Los Angeles], by Staff
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Posted By: NorthernDog- 4/12/2013 3:03:17 PM
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GLENDALE - Police tranquilized a large mountain lion found wandering around a residential neighborhood in Glendale Thursday afternoon. The big cat was first spotted around 2:00 p.m. in the 4500 block of New York Avenue.The sighting was not far from Clark Magnet High School. It took three tranquilizer darts to bring the animal down. California Fish and Wildlife wardens believe the animal is a full-grown male, weighing about 120 pounds. Officials loaded him into the back of a pick-up truck. They said he would get a quick health check-up and be tagged, before being released back in the mountains.
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American Dream Eludes With Student Debt Burden: Mortgages
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Bloomberg News, by Kathleen M. Howle
Original Article
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Posted By: NorthernDog- 4/12/2013 8:56:16 AM
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Luke Nichter of Harker Heights, Texas, said he’s not a renter by choice. The Texas A&M University history professor’s $125,000 of student debt means he has no hope of getting a mortgage. Nichter, 35, who’s paying $1,500 a month on loans for degrees from Bowling Green State University in Ohio, is part of the most debt-laden generation to emerge from college. Two- thirds of student loans are held by people under the age of 40, according to the Federal Reserve Bank of New York, blocking millions of them from taking advantage of the most affordable housing market on record.
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George Zimmerman and Trayvon Martin´s Family Clash on Arrest Anniversary
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ABC News, by Lauren Effron
Original Article
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Posted By: NorthernDog- 4/11/2013 7:23:49 PM
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The parents of George Zimmerman and Trayvon Martin clashed with emotional statements today, the one year anniversary of the Zimmerman´s arrest for shooting the unarmed Florida teenager. Zimmerman´s mother Gladys Zimmerman posted a two page letter online saying that her son was innocent and was arrested "solely to placate the masses." Hours later, Martin´s family and lawyer issued their own letter, stating the Gladys Zimmerman´s remarks were "disingenuous and disrespectful to the very system that is currently affording him every available opportunity to defend himself." The case has drawn white hot passions
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Man tries to take photo of beaver; it kills him
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USA Today, by Evann Gastaldo
Original Article
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Posted By: NorthernDog- 4/11/2013 4:38:07 PM
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A fisherman in Belarus was bitten to death by a beaver, and all he was doing was trying to take its picture, Sky News reports. The man spotted the beaver while fishing with friends at Lake Shestakov, but as he approached to take a photograph, the beaver bit him on the thigh. The animal managed to sever an artery, and his friends couldn´t stop the blood flow. Sky News helpfully reminds us that beavers can, of course, bite through trees. Beaver attacks are rare, though, and when they do occur, rabid beavers are generally to blame
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More NC firms drop health insurance for workers as costs soar
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News & Observer [Raleigh, NC], by Ames Alexander and Renee Elder
Original Article
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Posted By: NorthernDog- 4/11/2013 3:16:23 PM
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RALEIGH — A new study suggests rising health care costs have taken a particularly large toll in North Carolina, where the number of residents who receive health insurance through their employers has dropped sharply over the past decade. The portion of North Carolinians under age 65 with employer-sponsored insurance declined from 69 percent in 2000 to 56 percent in 2011, according to the report released Thursday by the Robert Wood Johnson Foundation. That change left 220,000 fewer residents with health insurance. Only four states had a larger percentage drop. Soaring health care costs
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Defense chief Chuck Hagel: North Korea "skating very close to a dangerous line"
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CBS News and Associated Press, by Staff
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Posted By: NorthernDog- 4/10/2013 8:23:51 PM
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With countries bracing for North Korea to conduct a missile test, Defense Secretary Chuck Hagel said Wednesday that the isolated nation was "skating very close to a dangerous line." During an afternoon news conference at the Pentagon, Hagel also told reporters that the United States had "every capacity" to "deal with" any action taken by the North against the U.S. and its interests and allies. "North Korea has been, with its bellicose rhetoric, with its actions, skating very close to a dangerous line," said Hagel, with Army Gen. Martin Dempsey, chairman of the Joint Chiefs
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Thatcher family ´proud´ of Queen funeral attendance
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Irish Times [Dublin, Ireland], by Staff
Original Article
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Posted By: NorthernDog- 4/10/2013 8:12:07 PM
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The son of former British prime minister Margaret Thatcher said his mother would have been “humbled” to know the Queen will attend her funeral, her son said today. In a statement outside her central London home Mark Thatcher said: “I would like to say how enormously proud and grateful we are that Her Majesty has agreed to attend the service next week in St Paul’s. “And I know my mother would be greatly honoured as well as humbled by her presence. “By any measure, my mother was blessed with a long life and a very full one. “However the inevitability
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4 annoying ways climate change will make your life a bummer
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The Week, by Chris Gayomali
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Posted By: NorthernDog- 4/10/2013 7:30:26 PM
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Within the next few decades, carbon emissions could cause global temperatures to rise between 4 and 11 degrees Fahrenheit, melting ice caps and causing sea levels to rise. The price of crops like coffee and chocolate will skyrocket, and countless cuddly animals around the globe could be wiped out. And yet, a lot of people find it hard to really care about climate change. But don´t be fooled: Climate change will affect you. Here´s a brief sampling of ways that warmer temperatures will suck the fun out of your life: 1. Your flights will be more turbulent
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Survivor of ´63 Ala. church bombing seeks funds
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Associated Press, by Jay Reeves
Original Article
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Posted By: NorthernDog- 4/10/2013 7:17:06 PM
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BIRMINGHAM, Ala.- The lone survivor of a 1963 Alabama church bombing that killed four black girls said Wednesday she wants millions in compensation for her injuries and won´t accept a top congressional award proposed to honor the victims. Sarah Collins Rudolph, in an interview with The Associated Press, said she feels forgotten 50 years after the blast shocked the nation. Rudolph lost an eye in the Sept. 16, 1963 bombing at Birmingham´s Sixteenth Street Baptist Church and says she never got restitution. (Snip) Rudolph said she wants compensation "in the millions" for her injuries and the death of Addie Mae
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Free Lunches at Work? The Taxman Wants a Bite
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Time Magazine, by Christopher Matthews
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Posted By: NorthernDog- 4/10/2013 2:02:02 PM
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In Silicon Valley, the employee perks are the stuff of legend. Parents-to-be at Facebook are given a bonus to help with expenses and extensive maternity and paternity leave. Software company Evernote will pay to have their employees apartments cleaned twice every month. And Google — perhaps the most generous when it comes to fringe benefits — lavishes its employees with free concierge service and a cafeteria chock full of gourmet food. While these benefits are partially a product of the intense competition for qualified tech workers, they may also be a way for companies to simply increase compensation
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Obama Doubles Estimate to $4 Billion for Health Exchanges
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Bloomberg News, by Alex Wayne
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Posted By: NorthernDog- 4/10/2013 1:01:29 PM
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The state health exchanges that are central to the U.S. Affordable Care Act are costing the federal government more than twice its initial budget to complete. The Obama administration expects to have spent $4.4 billion in fiscal 2012 and 2013 on grants to states that are building new marketplaces to sell subsidized health insurance, according to budget proposals released today for 2014. A year ago, the administration had anticipated spending about $2 billion. Including grants the administration expects to make in 2014, costs for the state-run exchanges will reach about $5.7 billion. The budget overrun doesn’t include
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Calif. tax bill seeks to punish Scouts for gay ban
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Associated Press, by Lisa Leff
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Posted By: NorthernDog- 4/9/2013 6:35:41 PM
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SAN FRANCISCO — California lawmakers are considering taking some tax exemptions away from youth groups that do not accept gay, transgender or atheist members — a move intended to pressure the Boy Scouts of America to lift its ban on gay Scouts and troop leaders. Some cities have withdrawn free rent and other subsidies from the Boy Scouts over the years, but legislation introduced by state Sen. Ricardo Lara would make California the first state to target the Scouts for its anti-gay policy. The Long Beach Democrat´s bill, SB 323, is scheduled for its first committee hearing on Wednesday.
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Most Active Articles (last 48 hours)
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Why They Won’t Talk About Kermit Gosnell
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Commentary Magazine, by Seth Mandel
Original Article
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Posted By: Dreadnought- 4/11/2013 11:17:15 PM
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In 2011, the journalist Mara Hvistendahl published Unnatural Selection: Choosing Boys Over Girls, and the Consequences of a World Full of Men, detailing the societal effects of sex-selective abortions that target women the world over and resulted in the absence of perhaps more than 100 million girls who by now should have been born. But Hvistendahl soon learned the downside to uncovering what many believe to be a shocking trend in human rights offenses: people will want to do something about it. And so she lashed out, declaring that “anti-abortion activists
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Leaving Blue New York, Boo-Hoo
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Irish Examiner USA, by Alicia Colon
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Posted By: Drive- 4/12/2013 6:44:47 AM
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Only one of my six children has left New York for economic reasons but the strain of living in this expensive nanny state is weighing heavy on my other five and their families. As a native New Yorker, I´ve seen its middle class population decline over the years due to its neglect of blue collar families which is ironic since this is a Democrat city. With the recent arrests of several local politicians for corruption perhaps New Yorkers will pay more attention to those they put in office. Given their past indifference in local elections this is highly unlikely.
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Obamacare Architect: Affordable Care Act ´Beyond Comprehension´
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: KarenJ1- 4/12/2013 9:51:16 PM
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Sen. Jay Rockefeller (D-WV), one of the architects of the Affordable Care Act, said on Tuesday that the healthcare law, set to go into full effect in less than eight months, is “probably the most complex piece of legislation ever passed by the United States Congress” and “is just beyond comprehension.” Rockefeller said he is concerned that early missteps with implementing the healthcare overhaul may cascade into confusion and chaos. The law, said Rockefeller, is “so complicated and if it isn’t done right the first time, it will just simply get worse.” Rockefeller’s consternation echoes comments made earlier this
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From Dehumanizing Word Games to Gosnell
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National Review Online, by Andrew C. McCarthy
Original Article
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Posted By: StormCnter- 4/13/2013 6:07:01 AM
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In Philadelphia, at a human abattoir on Lancaster Avenue, is where it ends, not where it starts. It starts with the perversion of language. It starts when the icons of a dissipated culture reduce a baby to a “fetus.” From there, Yeats’s blood-dimmed tide rolls rapidly in. Before long, a baby is not a person but a punishment, as President Barack Obama framed the matter in his familiar off-the-cuff iciness. Of course, to describe newborn children in their boundless possibilities and wonder would be to acknowledge, foremost, their humanity. That is why, instead, abortion enthusiasts must grope for words
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Little Anthony Freemont´s Twilight Zone is Our Reality
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American Thinker, by Doug Mainwaring
Original Article
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Posted By: Desert Fox- 4/12/2013 6:34:43 AM
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Remember little Anthony Freemont, played by cute little Billy Mumy, in one of the "Twilight Zone´s" most famous episodes? In the opening sequence Rod Serling informs us: "A monster had arrived in the village. Just by using his mind, he took away the automobiles, the electricity, the machines -- because they displeased him -- and he moved an entire community back into the dark ages -- just by using his mind. . . . and the people there have to smile. They have to think happy thoughts and say happy things because once displeased, the monster can wish them into a cornfield
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Philly Abortion Clinic Workers Saw Few Options
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Associated Press, by Maryclaire Dale
Original Article
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Posted By: JoniTx- 4/12/2013 7:28:32 PM
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They say they were just doing what the boss trained them to do. But eight former employees of a run-down West Philadelphia abortion clinic now face prison time for the work they did for Dr. Kermit Gosnell. Three have pleaded guilty to third-degree murder. And Gosnell, 72, is on trial in the deaths of a patient and seven babies allegedly born alive. In testimony at the capital murder trial this past month, an unlicensed doctor and untrained aides described long, chaotic days at the clinic. They said they performed grueling, often gruesome work for little more than minimum wage,
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Boehner: I Don´t Need GOP to Pass Gun Law...
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Breitbart´s Big Government, by Ben Shapiro
Original Article
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Posted By: KarenJ1- 4/12/2013 11:51:37 AM
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On Thursday, in the midst of ongoing national debate over prospective gun control and comprehensive immigration legislation, House Speaker John Boehner (R-OH) said that he didn’t need the approval of a majority of his own party to move forward with legislation. Referring to the so-called Hastert Rule, named after former House Speaker Denny Hastert (R-IL), which dictated that House leadership not bring up any bill for a vote without the support of a majority of the majority party, Boehner said, “Listen: It was never a rule to begin with.” Then, realizing the gravity of admitting
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The Decline of Obama
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Weekly Standard, by Fred Barnes
Original Article
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Posted By: StormCnter- 4/13/2013 5:13:17 AM
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With President Obama, there’s always a catch. In the 2014 budget he announced last week, Obama proposed a more accurate way of calculating the inflation rate for annual cost-of-living increases in Social Security. It’s a technical change in pursuit of honesty and good government. And if adopted, it would cause benefits to grow more slowly, though almost imperceptibly so. Republican leaders in Congress ought to be delighted since they had “championed”—Obama’s word—the idea in the first place. Then came the catch. The president’s price for adopting this gentle reform was hundreds of billions in new tax increases.
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Jonathan Winters, groundbreaking comic who influenced generations, dead at 87
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Associated Press, by Staff
Original Article
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Posted By: JoniTx- 4/12/2013 1:16:37 PM
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LOS ANGELES — Jonathan Winters, the cherub-faced comedian whose breakneck improvisations and misfit characters inspired the likes of Robin Williams and Jim Carrey, has died. He was 87. The Ohio native died Thursday evening at his Montecito, Calif., home of natural causes, said Joe Petro III, a longtime family friend. Petro said Winters died of natural causes and was surrounded by family and friends. Winters was a pioneer of improvisational standup comedy, with an exceptional gift for mimicry, a grab bag of eccentric personalities and a bottomless reservoir of creative energy.
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WPost reporter explains her personal Gosnell blackout
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Patheos.com, by "Mollie"
Original Article
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Posted By: LComStaff- 4/12/2013 9:42:16 AM
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I’ve been writing about media coverage of abortion for many years. And so have many others. If you haven’t read David Shaw’s “Abortion Bias Seeps Into The News,” published in the Los Angeles Times back in 1990, you should. That report also explains why we cover the topic here at GetReligion.But the thing is that I’m getting kind of sick of pointing out egregious bias only to see things not just remain bad but get worse. Just think, in the last year, we saw the media drop any pretense of objectivity and bully the Susan G. Komen Foundation
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Republicans Fear Clinton in 2016
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Time Magazine, by Zeke J Miller
Original Article
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Posted By: Scottyboy- 4/12/2013 9:57:16 AM
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HOLLYWOOD — Republican leaders plotted their party’s political comeback on Thursday with plans to court minority voters and modernize their political operations. But some wondered if one person could make it all for naught: Hillary Clinton. As attendees of the Republican National Committee’s spring meeting debated party rules and a refurbished GOP brand capable of winning back the White House, more than two dozen operatives and officials expressed worry that none of their party’s potential 2016 candidates can take her down. One early-state RNC member put it simply
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