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Author Topic: California was counting on Facebook tax revenue  (Read 1458 times)

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Offline RobJohnson

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California was counting on Facebook tax revenue
« 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????
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Offline thundley4

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Re: California was counting on Facebook tax revenue
« Reply #1 on: August 15, 2012, 08:57:03 PM »
Liberal rely on raising tax rates to increase tax revenues, too.  That almost never works.
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Offline RightCoast

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Re: California was counting on Facebook tax revenue
« Reply #2 on: August 15, 2012, 08:58:51 PM »
California admits higher taxes make businesses leave the state, liberals and the media ignores.
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Offline RobJohnson

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Re: California was counting on Facebook tax revenue
« Reply #3 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:
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Offline Jasonw560

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Re: California was counting on Facebook tax revenue
« Reply #4 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.
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Offline Kyle Ricky

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Re: California was counting on Facebook tax revenue
« Reply #5 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.
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Offline Wineslob

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Re: California was counting on Facebook tax revenue
« Reply #6 on: August 16, 2012, 09:58:42 AM »
The idjits here voted for Moonbeam................... :hammer:
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Offline JohnnyReb

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Re: California was counting on Facebook tax revenue
« Reply #7 on: August 23, 2012, 05:18:08 PM »
Don't bother looking for eggs after you've eaten the chicken.
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Offline NHSparky

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Re: California was counting on Facebook tax revenue
« Reply #8 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.
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Offline Lacarnut

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Re: California was counting on Facebook tax revenue
« Reply #9 on: August 26, 2012, 06:22:56 AM »
Ain't that the shits.  :-)
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Offline zeitgeist

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Re: California was counting on Facebook tax revenue
« Reply #10 on: August 27, 2012, 03:16:38 PM »
Well, they still have Mapple



 :rotf:

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