The
wealth
of
industry
is
collected
at
the
state
level
not
municipal
http://www.lao.ca.gov/LAOEconTax/Article/Detail/7 … http://www.lao.ca.gov/Publications/Report/3507 …
-
-
Replying to @kimmaicutler
the state of California is functionally dependent on PIT & cap gains revenue from the Bay Area. Cities are highly restricted.pic.twitter.com/0izevtHQpN
8 replies 7 retweets 28 likes -
Replying to @kimmaicutler
Yup… I really like
@Pinboard but he is missing the facts here.1 reply 0 retweets 0 likes -
Replying to @jlax @kimmaicutler
I’m calling for reforms in these areas, and structural funding of local government in CA. Not sure why the handclaps
2 replies 0 retweets 1 like -
Sorry I'm soooooooooooo tired of people not understanding the tax structure of the state. There's land wealth, corporate wealth, equity....
2 replies 0 retweets 4 likes -
Replying to @kimmaicutler @jlax
is there a nice online rant somewhere that goes into this? I think it’s a fascinating topic, understand your frustration
1 reply 0 retweets 1 like -
Not really because I also don't fully understand it. :-) but that SCO report from Betty Yee has some perspective (at least for CA)
1 reply 0 retweets 0 likes -
This is not even to mention intl corporate tax reform in which multiple govts claim a share of this tech co revenue.
2 replies 0 retweets 0 likes -
Replying to @kimmaicutler @Pinboard
IMO, State taxation (prop 13) and international tax issues are larger contributors to problems than Silicon Valley cos
2 replies 0 retweets 0 likes -
Replying to @jlax @kimmaicutler
this evasion is nothing more than a cultural norm in American business
1 reply 0 retweets 3 likes
The modern period of evasion was ushered in with Prop. 13 and the CA taxpayer revolt of 1978, which incubated Reagan's 1980 platform
-
-
Reagan came to the CA governorship after
@JerryBrownGov's father Pat was perceived to have failed in response to Watts, FSM, Rumford Act1 reply 0 retweets 0 likes -
Replying to @kimmaicutler @Pinboard and
In his first term as CA governor, Reagan actually raised taxes substantially in the late 1960shttp://calbudgetcenter.org/blog/the-largest-tax-state-increase-in-history/ …
0 replies 0 retweets 2 likes
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.