No I will not join your picket

webhappy
Fri, 05 Mar 2010 06:09:51 +0000

I think you’re both wrong, but I would like if someone could dig out some numbers. Here’s what I could find in 1 min of google searching:
http://www.ccsce.com/pdf/Numbers-oct07-HighTaxState.pdf

The corporate tax is pretty small. I don’t even know where “gas taxes” are, but I doubt they will add up to more than a billion here or there. Really, CA is dependent on rich people paying the top tax rate. I doubt most of them will move if we jack up the tax rate another 1-2% (although on a 10-yr time scale, a higher tax rate might discourage new businesses that already were tempted by other locales that are dangling tax incentives). My understanding has been that prop 13’s cap on property taxes was much more damaging.