The Conservative Cave
Current Events => Economics => Topic started by: bijou on August 09, 2009, 09:56:08 AM
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California’s budget woes have resulted in the state “paying†a number of its vendors with IOU’s. That’s a bad enough situation as these businesses who have already provided the goods and/or services purchased to the government have to keep paying their bills (and not with IOU’s), but now the state wants them to pay taxes on the IOU’s they’ve received as if they were income.
SAN FRANCISCO (CN) - Small businesses that received $682 million in IOUs from the state say California expects them to pay taxes on the worthless scraps of paper, but refuses to accept its own IOUs to pay debts or taxes. The vendors’ federal class action claims the state is trying to balance its budget on their backs. ...
http://www.kxmc.com/News/Nation/417869.asp
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And the exodus from Calfornistan continues. Last taxpayer out, turn off the lights.
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And the exodus from Calfornistan continues. Last taxpayer out, turn off the lights.
The lights will likely already be off......but please take down the American flag...........
doc
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Another painful lesson in the Law of Unintended Consequences.
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Another painful lesson in the Law of Unintended Consequences.
No, not painful enough, because they'll keep voting in the same idiots time and again.
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Yes just take at the kind of shit they crank out ie Madam Speaker and the wonderful Governor. Glad I live in a semi "norma" state
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The lights will likely already be off......but please take down the American flag...........
doc
Do they allow the American Flag to be flown in California, or did they just start doing that after 0bama's election?
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The only flags I remember had more colors of the "rainbow" when I lived there
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The only flags I remember had more colors of the "rainbow" when I lived there
I'm sure there are plenty of flags flying there, now. Unfortunately most of them are like what you said or Mexican.
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Do they allow the American Flag to be flown in California, or did they just start doing that after 0bama's election?
Yeah, they fly 'em, but they've been upside down since beginning of the reign of Uncle Zer0.
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I'm shocked this hasn't been taken to court yet. All the vendors who supply California receiving IOUs? Uh, they probably have a contract demanding actual "payment." Now California wants to force people to pay income taxes on something that isn't money? :mental:
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I'm shocked this hasn't been taken to court yet. All the vendors who supply California receiving IOUs? Uh, they probably have a contract demanding actual "payment." Now California wants to force people to pay income taxes on something that isn't money? :mental:
Those companies should send the Ca. Dept. of Revenue a bunch of IOU's.
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Those companies should send the Ca. Dept. of Revenue a bunch of IOU's.
Maybe Hopey McChangespoon will swoop in on his Rainbow PonyTM and pay it for them. :-)
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Send the State an IOU....................
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Send the State an IOU....................
Touche.
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No, not painful enough, because they'll keep voting in the same idiots time and again.
More than likely, these same people donated tons of money to elect the thieves that are in office writing the IOU's! Get a clue, people!
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http://www.kxmc.com/News/Nation/417869.asp
I'm glad I don't live there I'd send them an IOU. :-)