Lately, some Californians have taken to telling themselves that Texas, one of seven states without a personal income tax, can afford not to tax productive output because of its high property taxes and its oil and gas tax revenues.
10:35 AM 01/23/2013
California voters approved a $50 billion tax hike in November, bestowing the highest marginal income tax rate in the nation on California taxpayers — 13.3 percent.
9:26 PM 10/18/2012
The last official monthly unemployment report will be issued four days before the election on Friday, November 2. But can we really trust the government’s statistics?
10:10 PM 09/30/2012
It is oft said that if you want a glimpse of America’s future, look to California. The home to Hollywood has led the way in national trends from the first no-fault divorce law and the permissive Therapeutic Abortion Act of 1967 (both were signed into law by Ronald Reagan) to the great Proposition 13 property tax cut of 1978. It was California’s populist tax revolt, stoked by then-former Governor Reagan, which reframed the debate about the proper size of government and helped propel Reagan to the presidency in 1980.
