I'm not sure if you other Californians have heard about this, but you might not be getting your tax return. Next year I'll manage my own money, and they won't see any extra cashflow.


http://www.latimes.com/news/local/la...,7471181.story

 

I wonder if I can just send them IOU's for the payroll deduction, and we can call it square...?

 

Meh. We'll see.

 

Yeah, I was going through their financial statements yesterday in my governmental accounting class. Let's just say they're not doing too good

 

Fockers! For them to even think about it is very disturbing. The only thing at this point to keep the wheels from falling off the wagon we call the US economy is to increase consumer spending. Not giving tax returns and increasing taxation on products discourages spending. Which means less money for companies, then more lay-offs, then less spending, then more lay-offs, you see where I'm going. It is my opinion that we are now truly feeling the effects of 911. It was the economic band-aid after 911 that led us to this pitfall.

 

i dont think they can keep our refund and if they did it would only be our CA return not our FED....just my 2 cents

 

It's Arnold's fault.

 

The people we elected (well, not me, but somebody did) to run this monkey house seem to think that existing resources can be endlessly expanded to meet "need."

That's what caused this trainwreck in Califonia. They failed "Dr. Seuss" level Econ 101 - - which teaches that Need is boundless but Resources are limited.

The Sacto Crowd think that everything everybody needs can be provided by taking something less than everything everybody produces, & passing it thru the government (which loses some if it along the way).

That's like declaring that 80% of 3, minus 10% overhead, can equal 3. Not even just wrong; nonsensical.

 

******* Wacksauce!!!!!!

 

Our fine state needs more revenue. With property taxes going down with home values, the real estate industry and associated jobs diminishing, and all the layoffs this comes as no suprise.

Just add one more dependant to your state income tax witholding in the mean time.

 

The governator is just a puppet for the people running behind the scenes. He's not a policy maker--he just gets 'forced' to sign policies. Look at his educational background and you'll see why. Heck, it's non-existent on wikipedia for crying out loud.

And you can't really increase consumer spending either because it's been some many odd years since increases in wages have only been marginal and haven't matched the rise of inflation. This only leads the consumer and CA more in debt than it already is. For every dollar earned, the typical American borrows 22 cents against it. At this point, consumer spending needs to continue slowing down and savings should be increased. CA is the 5th largest economy in the world (sp?)--it's only cyclical that we are in this downturn. Oddly enough, the cycle is taking longer than it should.

And with regards to real estate and the financial meltdown, you can blame it all in the overly greedy business folks. LOL @ the bailout... retards.

 

CA is the 8th largest economy in the world. It was the 6th until a few years ago.

 

tomato, tomatoe; potato potatoe...

 

Whoops, for got to put this in the original post. That is exactly correct, CA refund only. Not FED.

 

i believe its the effect of 9/11, IIRC, the market dropped at least 1000pts the next day

 

Don"t blame me I vote for Gary Coleman

 

That is why always file exempt on my W4, and when time to comes to do my taxes I only pay what I owe. Not giving the government an interest free loan.