This is an exciting website which shows promise of digging California out of the hole into which it has dug itself.
The only downside I see for the rest of us is that it will make all the taxes which California residents pay deductible on their federal tax returns, and therefore, perhaps, reduce the tax revenue the federal government receives from this huge state, at least in the short run.
But the upside is exciting: California could be the first state to eliminate the dumb taxes which weigh on any economy: sales taxes and the portion of the wage tax which falls on the first $150,000 of personal income.
This is smart taxation. Read about it at http://www.prospercalifornia.com/
Comments