As of February 5, 2018, California legislators are proposing a tax bill that would impose a sales and use tax on purchases of services by businesses for benefit and use in California, reports the National Law Review. The tax would go into effect Jan. 1, 2019, with an impact on businesses in legal, accounting, maintenance, real estate brokerage, […]
California has a pension crisis in almost 500 of its cities and our political leaders in Sacramento do not need to look very far to see an example of it. Down the road just a few blocks from the Capitol a former leader of the California Senate sits in his mayoral office hopefully trying to […]
The Department of Treasury estimates 90% of Americans will take home more money because of recently enacted tax cuts, reports Time. The IRS is currently preparing a calculator to help Americans determine if the correct amount is being withheld on their paychecks. Click here to read the article.
California cities are struggling to find new sources of revenue to keep up with rising pension costs and have warned that they might have to offer fewer services to their citizens. The LA Times is reporting that the League of California Cities conducted a survey of California communities and found that most expect to pay […]
The state of California has paid out more than $25 million in 3 years to settle sexual harassment lawsuits against government employees. HJTA’s own Jon Coupal is quoted in the Sac Bee, “This is the most disgusting use of taxpayer dollars we’ve ever seen. There is no way taxpayers should be on the hook for this.” […]
Citing high taxes as a main concern, over half a million Californians have moved to other states since 2010. High tax New York and Illinois have experienced even more domestic out-migration at 1 million and 643,800 respectively. Most of the states experiencing gains are solidly Republican, reports Lifezette. Click here to read the article.
The San Francisco Chronicle reports that employers in California are paying an increased amount of taxes every year as a consequence of the state’s unemployment insurance fund going into debt in 2009, resulting in the federal government lending the state as much as $10.2 billion. However, this problem has been exacerbated by the state’s decision […]
California Democrats have entrenched themselves in opposition to the GOP tax cuts, arguing that they don’t work for the poor citizens of California. However, critics like George Runner at the Board of Equalization, write in the Sac Bee that most Californians who take advantage of things like SALT deductions, make more than $100,000 a year […]
Apple Inc. will open a second U.S. campus as part of a 5-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash. BApple on Wednesday estimated it would spend $350 billion in the U.S. over the next five years due to the new tax plan changes. […]
In recent years, California’s biggest pension system, CalPERS, has offered “Public Agency Actuarial Valuation Reports” In partnership with researchers at the Reason Foundation, the California Policy Center has compiled the data for every agency client of CalPERS, including 427 cities and 36 counties. In this summary, that data has been distilled to present two sets of […]