The Conservative Cave

Current Events => Economics => Topic started by: RobJohnson on August 15, 2012, 08:53:08 PM

Title: California was counting on Facebook tax revenue
Post by: RobJohnson on August 15, 2012, 08:53:08 PM

Now this is dumb...

Quote

California was counting on Facebook tax revenue to make up for an expected shortfall due to other businesses leaving the state to avoid higher taxes. The state heavily relies on its corporate and personal income tax system to fund its budget. State tax collections fell by $6.1 billion, or down 11%, versus the same period in 2011.

Read more: http://www.foxbusiness.com/investing/2012/08/02/plunge-in-facebook-shares-has-california-seeing-red/#ixzz23faA7ISL


They set up their budget based on an internet stock????

Title: Re: California was counting on Facebook tax revenue
Post by: thundley4 on August 15, 2012, 08:57:03 PM

Liberal rely on raising tax rates to increase tax revenues, too.  That almost never works.

Title: Re: California was counting on Facebook tax revenue
Post by: RightCoast on August 15, 2012, 08:58:51 PM

California admits higher taxes make businesses leave the state, liberals and the media ignores.

Title: Re: California was counting on Facebook tax revenue
Post by: RobJohnson on August 15, 2012, 09:00:47 PM

Quote from: RightCoast on August 15, 2012, 08:58:51 PM

California admits higher taxes make businesses leave the state, liberals and the media ignores.

 :cheersmate:

Title: Re: California was counting on Facebook tax revenue
Post by: Jasonw560 on August 15, 2012, 09:08:35 PM

That's some sound fiscal strategy right there.

And they wonder why they're in the economic crapper.

Title: Re: California was counting on Facebook tax revenue
Post by: Kyle Ricky on August 15, 2012, 09:56:43 PM

All I have to say for that one is *face palm*. Wow .. That is just crazy. And stupid.

Title: Re: California was counting on Facebook tax revenue
Post by: Wineslob on August 16, 2012, 09:58:42 AM

The idjits here voted for Moonbeam................... :hammer:

Title: Re: California was counting on Facebook tax revenue
Post by: JohnnyReb on August 23, 2012, 05:18:08 PM

Don't bother looking for eggs after you've eaten the chicken.

Title: Re: California was counting on Facebook tax revenue
Post by: NHSparky on August 25, 2012, 08:34:34 AM

Quote from: JohnnyReb on August 23, 2012, 05:18:08 PM

Don't bother looking for eggs after you've eaten the chicken.

Unless you live in Sacramento, in which case you'll just steal them from your neighbors.

Title: Re: California was counting on Facebook tax revenue
Post by: Lacarnut on August 26, 2012, 06:22:56 AM

Ain't that the shits.  :-)

Title: Re: California was counting on Facebook tax revenue
Post by: zeitgeist on August 27, 2012, 03:16:38 PM

Well, they still have Mapple

(http://simpsonswiki.net/w/images/f/ff/Mapple.png)

 :rotf: