taught_me_patience (1000+ posts) Wed Jul-01-09 06:01 PM
Los Angles sales tax raised to 9.75% today
A new half-cent sales tax to build transportation projects in Los Angeles County goes into effect today, raising the county's rate to 9.75%. But the measure passed by voters in November might generate about $1.8 billion less than originally estimated.
Officials for the Los Angeles County Metropolitan Transportation Authority said that the worst recession since World War II would probably reduce the revenue collected under Measure R from about $40 billion to roughly $38.2 billion during the next 30 years.
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Combine that with a 10% marginal income tax and 1.25% marginal property tax and we are being crushed by our state tax burden. DUers who call California a "anti-tax" state simply don't know what they are talking about.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5967947Interesting. Californians are paying the same sales tax as here in Tennessee.
Of course, our real estate tax is much lower, our state income tax is zero, and our city income tax is zero.
But Californians get sooo many more valuable government services. Oh, wait, California is going belly up.
Kind of makes you wonder where all that money is going.
AIDS clinics, recycling, and Mexicans, I guess.