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____/ Philip on Thursday 13 May 2010 05:37 : \____
> Roy Schestowitz wrote:
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>> ____/ Philip on Wednesday 12 May 2010 20:55 : \____
>>
>>> Roy Schestowitz wrote:
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>>>> Microsoft wins its $100M tax-break and amnesty from broke-ass Washington
>>>> State
>>>>
>>>> http://www.boingboing.net/2010/04/23/microsoft-wins-its-1.html
>>>>
>>>> Bill Gates Sr. leading income tax initiative
>>>>
>>>> ,----[ Quote ]
>>>> | Bill Gates Sr. is leading a new initiative
>>>> | campaign for a state income tax on
>>>> | wealthier residents.
>>>> |
>>>> | Gates says the current state tax system is
>>>> | unfair, and he expects voters will approve
>>>> | Initiative 1077 in November. Gates is
>>>> | father of the Microsoft co-founder and a
>>>> | longtime supporter of tax overhaul.
>>>> `----
>>>
>>> Many US and global companies indirectly compensate employees for state
>>> income taxes by having regional salary indexes. For example, many
>>> Silicon Valley employees have salaries as much as 15% more than their
>>> company cousins elsewhere. The difference being explained that local SV
>>> labor market is "more competitive". In my mind, it is more due to the
>>> higher state tax rates in California. Looks like Washington state will
>>> be joining the club shortly.
>>
>> Washington has debt, but nowhere as big as CA's (near bankruptcy).
>
> I used to live in SV California. Nearly the highest state income taxes,
> highest sales taxes, and high property taxes. They also tax cars,
> tourists, dogs, you name it.
>
> The question is...where does all that money go? It has nearly the lowest
> per student funding rate, pot holes in the roads, bankrupt public
> medical systems, and everything going up in smoke.
Over $400 billion/annum is spent on war/planes/bombs/military colonies (aka "defence").
- --
~~ Best of wishes
Dr. Roy S. Schestowitz | Linux: does exactly what it says on the tin
http://Schestowitz.com | Free as in Free Beer | PGP-Key: 0x74572E8E
Cpu(s): 22.6%us, 5.0%sy, 0.1%ni, 70.6%id, 1.3%wa, 0.0%hi, 0.4%si, 0.0%st
http://iuron.com - semantic engine to gather information
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