Does CA need higher taxes because we don’t pay enough already? You decide.
Unstated in California Assemblywoman Toni Atkins’ proposed new annual $52 DMV driving “fee” for infrastructure is the bogus assumption that Californians pay too little taxes. False.
Consider:
* CA has by FAR the highest state income tax rate.
* The highest state capital gains tax rate (2nd highest combined capital gains rate in the WORLD).
* The highest state sales tax rate.
* The highest gasoline and diesel taxes.
* The 10th highest homeowner property taxes.
* The 6th highest state corporate tax rate.
* The 2nd highest insurance premium sales tax rate (only 7 states even CHARGE such a tax).
* Traffic ticket “fees” that are over TRIPLE what other states charge.
www.TinyURL.com/CA-vs-other-states
CA state and local governments are AWASH in funds, but the Big Spenders willalwaysclaim that they need MORE. Tax dollars are fungible. By raising taxes for roads, that frees up EXISTING tax dollars to spent on… Read More