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____/ Philip on Tuesday 01 Jun 2010 19:24 : \____
> Roy Schestowitz wrote:
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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").
>
> Well last I heard, California did not have much of a defence budget.
I don't think it has much of /any/ budget unless it gets more Chinese credit
cards (which is hard when your debt exceeds $2tr, IIRC).
- --
~~ Best of wishes
âStrive not to be a man of success, but rather strive to be a man of value.â
--Albert Einstein
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