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(CNN)   Californians approve massive tax hike for the wealthy, anyone who still has a job, home or car   (money.cnn.com) divider line 37
    More: Followup, Californians, Department of Finance, state sales tax, Economic Calendar, Legislative Analyst's Office, personal incomes, LCD TV, Apple iPad  
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1945 clicks; posted to Politics » on 09 Nov 2012 at 1:39 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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Archived thread
2012-11-09 03:10:08 PM
4 votes:

Silly Jesus: but I will provide a key


You better try providing some facts because so far you're still just a dirty stinkin' liar.

Let me provide YOU with a key. You don't get to just latch onto a CBO report that clearly says one thing and claim it something else by latching onto miniscule details and completely ignoring every other bit of it, including its own conclusions. The American people on Tuesday night told you to take that sort of dishonest bullshiat rhetoric and shove it right up your puckered asshole until the first pointy end come out your left eyeball.

I reiterate: LIAR. You LOSE. You get NOTHING. GOOD DAY SIR.
2012-11-09 01:45:16 PM
4 votes:

Silly Jesus: [stratoserve.typepad.com image 225x292]

Conveniently, the non-partisan Congressional Budget Office released a study today showing that raising taxes on the evil rich slows the growth of the economy. Good job California.


Liar
2012-11-09 05:17:55 PM
3 votes:
Why should I care about the problems of the rich? They don't care about my problems, so why should I care about theirs? A guy making 1/2 a million a year having to pay $200 more per paycheck is a perfect opportunity to play the world's smallest violin.
2012-11-09 02:00:14 PM
3 votes:

Lucky LaRue: Prank Call of Cthulhu: Oh no! A MASSIVE TAX HIKE!!!

Oh my god, they finally went and did it. What did they do, raise the top bracket to 50% or something?

When you stop to consider that, the only reason California is raising the rate is because they have so many social programs handing out money and free services that they are going bankrupt, it really doesn't matter if it was a 50% hike or at 0.1% hike - it is still taking money from hard-working capitalist to fund unnecessary social programs.


As someone who helps tutor fifty kids in an overcrowded classroom in California, I'd like to say FARK YOU.

California's problem is our farked up initiative system that mandates spending with 50% + 1 of the vote, while raising taxes takes a 2/3 majority. Either the margin for raising taxes needs to go down, or the margin for mandating spending needs to go up.

Cutting funding for our schools has already got me working to help pay for my tuition in addition to trying to help our farked up elementary programs. If Prop 30 hadn't passed, I'm not sure I would have been able to continue attending college.

So once more, FARK YOU.
2012-11-09 01:49:02 PM
3 votes:
So The Kardashians and other Hollywood stars have to pay more taxes so the we don't have to cut back on education for the average Californian? So we invest in our future and chances for middle/lower classes? Why aren't we doing this in the rest of the country?

This benefits the 1% in the long run too. Now, we'll keep a middle class instead of having just rich and poor - and they won't have to build walls around their wealthy communities now to keep the starving masses out.

More like Germany, less like Brazil!
2012-11-09 06:25:04 PM
2 votes:

Attention, wingnuts! What raving commie pinko liberal wrote this?

The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. A tax upon house-rents, therefore, would in general fall heaviest upon the rich; and in this sort of inequality there would not, perhaps, be anything very unreasonable. It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.


If you said "Karl Marx", then click here to claim your prize, and then here for the quote in context.
2012-11-09 03:49:22 PM
2 votes:

badaboom: CPennypacker: badaboom: CPennypacker: badaboom: pacified: So a guy making $500,000 pays $5,000 more a year. BOO FARKING HOO.

Over 26 pay checks, that amounts to $192 a pay period.

So from his $19,200 pay check, $200 more is taken.

They won't even notice.

All Republicans are a sad joke.

If only it were that simple. That guy does not take that $5000 and stuff it in his mattress. He renovates his bathroom ($$ for the plumber), he goes on vacation($$ for the baggage handlers, $$ for the hotel staff), he buys a new TV ($$ for the guy who cleans the store), or he even gives it to charity.

Actually he probably just buys stocks with it.

Which then makes stocks go up which helps the TIAA/CREF and pension funds.......

Yeah that $5,000 is a real market mover.

X 100,000 people?


If you think a $500,000,000 increase in investment capital over the course of a year across the entire market is going to have enough of an impact to justify incurring debt to pay for it then you should probably keep quiet in threads where adults are talking about the economy.
2012-11-09 02:46:14 PM
2 votes:
So a guy making $500,000 pays $5,000 more a year. BOO FARKING HOO.

Over 26 pay checks, that amounts to $192 a pay period.

So from his $19,200 pay check, $200 more is taken.

They won't even notice.

All Republicans are a sad joke.
2012-11-09 02:07:49 PM
2 votes:

Lucky LaRue: Kibbler: ONE POINT ONE PERCENT. MY GOD.

How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?


Ok. Hey all you illegals, please line up over here and get your naturalization. Simple process. Raise your right hand... say I agree to be a US citizen. Now please fill out your forms over on the table over there. Thank you.

Now no illegal immigrants are getting benefits. Happy?
2012-11-09 02:03:20 PM
2 votes:
Taxing the rich doesn't impede economic growth.

Better to tax the fark out of the rich, and use that money to provide as much education as is warranted.

Education is the driver here, not giving Mitt & Co. another tax break.
2012-11-09 02:00:30 PM
2 votes:
Every time I need something done around the place that I can't do myself, I pick up the phone and call someone. Most of the time, I get a swarm of Mexicans or Chinese guys who come over, get the job done and leave. I remember when I was a kid, when my parents got a work crew over, it was a bunch of white guys who pissed away half the day running out to get cigarettes, teasing each other and calling the boss because they couldn't make a single decision on their own.

So, I'm totally OK with Mexicans, legal or not, and I am totally fine with their kids going to school.
2012-11-09 01:58:59 PM
2 votes:

Silly Jesus: From those according to their ability, to those according to their need? Amidoinitright?


Give unto Caesar what is Caesar's, motherfarker.
2012-11-10 01:03:57 PM
1 votes:

I Am The Egg Matt Drudge Smears Upon His Body: mgshamster: Kazrath: This pisses me off. And I don't mean the tax hike.

"Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state's public schools and universities. "

This politicking of holding the education of our children hostage pisses me off. Why not perform major cuts in some other Bullshiat sector like I dunno government administration. Or some other nearly purposeless governmental organization. No, they go for something we actually need in hopes to lobby their support of the tax hike. Everyone of these MF'ers need to be strung up on the nearest tree.

/And I don't even live in California.

Obviously you haven't been paying attention to what is going on in California. We've been experiencing spending cuts in all sectors. This tax hike is to relieve the spending cuts in education.

You =

[farm9.staticflickr.com image 600x615]

Seriously. How farkING RETARDED ARE YOU????

The tax hike (which hits everyone), goes into the general fund, NOT ANY EDUCATIONAL FUND YOU GODDAMN RETARD.

Jesus H. Christ tap dancing on a Saltine cracker, you're one dumb ass fricking retarded retard.

[27.media.tumblr.com image 850x936]


Ha! Those images are hilarious.

Anyways, I know you're just being a retarded troll, so I'll respond just in case anyone else is still reading this.

First off, I was originally responding to the idea that Prop 30 was using a scare tactic, and that we have not actually been cutting funds from education or any other services. That is flat out wrong. We've been cutting funds for services across the state. While I would love to see administration costs cut, it doesn't change the fact that services across the state have reduced funding.

Secondly, you are absolutely correct that the revenue goes into the General Fund. In fact, the General Fund is exactly what pays for all public education in California, from local schools to universities. What you may not be aware of is that Prop 30 specifically creates a new sub-account in the General Fund, called the Education Protection Account, for which the funds from the new taxes goes into, according to Section 4(e)(1). Written into the bill is a specific clause that states the funds can only be used for education, and not administrative costs, and any misuse can result in criminal prosecution (and the account is subjected to a yearly audit). It also provides funds for police training, jails, mental health, and preventing child abuse.
2012-11-09 05:02:32 PM
1 votes:

CPennypacker: badaboom: pacified: So a guy making $500,000 pays $5,000 more a year. BOO FARKING HOO.

Over 26 pay checks, that amounts to $192 a pay period.

So from his $19,200 pay check, $200 more is taken.

They won't even notice.

All Republicans are a sad joke.

If only it were that simple. That guy does not take that $5000 and stuff it in his mattress. He renovates his bathroom ($$ for the plumber), he goes on vacation($$ for the baggage handlers, $$ for the hotel staff), he buys a new TV ($$ for the guy who cleans the store), or he even gives it to charity.

Actually he probably just buys stocks with it.


As someone who will get hit with this tax, you are correct. This will amount to less money going to the retirement savings in my brokerage account. It kinda sucks, but the happy go lucky part of me is just thankful I make the money I make so it's hard for me to be bitter. One of my business partners however is entirely greed motivated so he's all burnt up about it (and he keeps saying it's going up to a rate of 14% for everything over 250k, so he's angry and misinformed).

I am going to do that minor bathroom upgrade anyway (the wife really wants one of those fancy Kohler robo toilets) we are really just waiting for Christmas time when we're assuming the price of the unit to come down a lot. We're still going on vacation, we'll be spreading the wealth to Central America over the holidays and next year we're going to help out the depressed Euro economies for a couple of weeks regardless of this tax increase passing. I'm going to buy a new car soon regardless of these taxes (to replace my current 21 year old 180k+ mile car, hey, you don't get rich by spending money no matter what the taxes are). The only thing affected is going to be my retirement savings since a retirement is the only thing I really want that I can't afford yet (well, some days I want a boat but I'd rather save for retirement so one day perhaps I can have the boat and the time to enjoy it).

On another tangent, It's not quite $5000 for a guy making $500,000. Marginal rates and all that. For a single person it's an extra one percent for income between 250,000 and 300,000, an extra two percent for income between 300k and 500k. So the guy making 500k gets hit with; the first 50k at 1%, which is $500, plus the next 200k at 2% which is $4000, carry the one, and so if my jet lagged lack of sleep addled brain isn't failing me it would be another $4500.

However if it were a married couple making $500,000 the total additional taxes would be $0. For singles people it's an extra one percent on each bracket with the brackets at 250k, 300k, 500k for couples it's an extra one percent each at 500k, 600k, 1m. See Fig 2 on page 13 for the rate increase details.
2012-11-09 04:04:43 PM
1 votes:

Prank Call of Cthulhu: Oh no! A MASSIVE TAX HIKE!!!

Oh my god, they finally went and did it. What did they do, raise the top bracket to 50% or something?

The wealthiest 1% of Californians -- those with annual incomes of $533,000 or more -- will shoulder nearly 79% of the tax increase, according to the California Budget Project, a research group that endorsed the proposition. They will see their taxes rise by 1.1% of their income, while the bottom four-fifths of the state's residents will see an increase of between 0.1% and 0.2% of their incomes.

[nofactzone.s3.amazonaws.com image 610x405]


I have no problem whatever with that. And to those who complain about a slanted tax increase being "unfair," I got news for you. Taxes aren't about being fair, they're about raising money. And obscenely wealthy people are where the money is.

Hey, a couple hundred years ago, in Britain, they taxed the number of windows in your house -- so some people boarded them over and sat in the dark. Then they taxed the number of fireplaces -- so some people bricked them up and froze while they sat in the dark. There are always going to be people who don't think they should have to contribute to running the country.

Perhaps we should institute a tax on the number of football games and NASCAR races people watch on television. Or a special federal tax on fast food. Maybe a tax on every pound you weigh over the national average for your height. Isn't that fair?
2012-11-09 03:18:34 PM
1 votes:

Silly Jesus: Reading is hard. Calm down. It will all be OK.


No, I understood clearly what the CBO said: taxing the rich won't have a major impact.

You understood that too, it's just that unlike me, you decided to start lying about it because you're a terrible person on the inside.
2012-11-09 03:16:23 PM
1 votes:

Kazrath: mgshamster: Kazrath: This pisses me off. And I don't mean the tax hike.

"Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state's public schools and universities. "

This politicking of holding the education of our children hostage pisses me off. Why not perform major cuts in some other Bullshiat sector like I dunno government administration. Or some other nearly purposeless governmental organization. No, they go for something we actually need in hopes to lobby their support of the tax hike. Everyone of these MF'ers need to be strung up on the nearest tree.

/And I don't even live in California.

Obviously you haven't been paying attention to what is going on in California. We've been experiencing spending cuts in all sectors. This tax hike is to relieve the spending cuts in education.

This is in general. They pull this crap in Oregon and Washington nearly every election cycle also. The first thing targeted is always: "We are going to have to cut funding to schools if you don't give us more money". My brief glance over the article lead me to believe California is just doing the same BS.


I didn't mean to be harsh on you before, if I sounded like I was. Sorry. It's just frustrating to have everyone from outside California keep telling us that we're not doing enough budget cuts. Everything is getting cut here, and we're all feeling the pain.

/Hopefully, we can learn from this.
2012-11-09 03:16:16 PM
1 votes:

Lucky LaRue: MSFT: Lucky LaRue: and could care less

It's "couldn't care less".
Seriously, maybe you guys SHOULD start caring about education.

I couldn't care less about your grammatical hang-ups.

Is that better?


Link
The ten most educated states voted for Obama while 9 of the 10 worst educated states voted for Romney.
Thoughts?
2012-11-09 03:06:44 PM
1 votes:

Lucky LaRue: pacified: So a guy making $500,000 pays $5,000 more a year. BOO FARKING HOO.

Over 26 pay checks, that amounts to $192 a pay period.

So from his $19,200 pay check, $200 more is taken.

They won't even notice.

All Republicans are a sad joke.

It really isn't about the money. It's about spending it to fund inefficient systems and systems that provide zero benefit to the welfare of legal citizens. Fix your broken education system, and then ask me for money to help you make it better.


Well, luckily, the governor of California isn't asking for money from South Carolina residents.
2012-11-09 02:59:39 PM
1 votes:

badaboom: pacified: So a guy making $500,000 pays $5,000 more a year. BOO FARKING HOO.

Over 26 pay checks, that amounts to $192 a pay period.

So from his $19,200 pay check, $200 more is taken.

They won't even notice.

All Republicans are a sad joke.

If only it were that simple. That guy does not take that $5000 and stuff it in his mattress. He renovates his bathroom ($$ for the plumber), he goes on vacation($$ for the baggage handlers, $$ for the hotel staff), he buys a new TV ($$ for the guy who cleans the store), or he even gives it to charity.


No, they are not. They are hoarding it. Link
2012-11-09 02:34:54 PM
1 votes:

Kazrath: This pisses me off. And I don't mean the tax hike.

"Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state's public schools and universities. "

This politicking of holding the education of our children hostage pisses me off. Why not perform major cuts in some other Bullshiat sector like I dunno government administration. Or some other nearly purposeless governmental organization. No, they go for something we actually need in hopes to lobby their support of the tax hike. Everyone of these MF'ers need to be strung up on the nearest tree.

/And I don't even live in California.


You're an idiot. Between 52 and 55 percent of the California state budget is spent on education. Unless you want to fire every CHP officer, stop paving roads, and free every prisoner in the state, if the budget isn't balanced, you have to cut education.

I will also note you couldn't name a single agency you'd like to cut ("government administration" isn't saying anything). You wouldn't happen to be Mitt Romney, would you?
2012-11-09 02:26:01 PM
1 votes:

Lucky LaRue: MadHatter500: Lucky LaRue: Kibbler: ONE POINT ONE PERCENT. MY GOD.

How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?

Ok. Hey all you illegals, please line up over here and get your naturalization. Simple process. Raise your right hand... say I agree to be a US citizen. Now please fill out your forms over on the table over there. Thank you.

Now no illegal immigrants are getting benefits. Happy?

Be as dismissive about the problem as you like, but it doesn't solve anything. You feel warm and comfortable in your smugness as you hand out money and free services to the rest of the world, but I have no doubt you will be full of concern and angst the next time the government raises defense spending.


It directly solves many problems. You are just too racist to get it. And if you would have understood a damn thing, you'd get that now all those people get to pay taxes. But I get it, they're brown and they scare you.

I only get bent about defense spending if it is for something stupid, like a second F-22 engine the military doesn't need or even want. I'd like to see vet benefits go up. I'd like to see military pay go up and at least keep pace with inflation. I'm concerned that we'll disengage too much in winding down Afghanistan. So sorry, but stay on topic or you will look stupid.

And just to head you off, yes, I do pay more in taxes than I have to. I see it as a good investment. So until you do the same, don't talk.
2012-11-09 02:21:21 PM
1 votes:

Lucky LaRue: MadHatter500: Lucky LaRue: Kibbler: ONE POINT ONE PERCENT. MY GOD.

How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?

Ok. Hey all you illegals, please line up over here and get your naturalization. Simple process. Raise your right hand... say I agree to be a US citizen. Now please fill out your forms over on the table over there. Thank you.

Now no illegal immigrants are getting benefits. Happy?

Be as dismissive about the problem as you like, but it doesn't solve anything. You feel warm and comfortable in your smugness as you hand out money and free services to the rest of the world, but I have no doubt you will be full of concern and angst the next time the government raises defense spending.


That's probably because defense spending is already too high. Even the military says so.
2012-11-09 02:04:23 PM
1 votes:

Lucky LaRue: Kibbler: ONE POINT ONE PERCENT. MY GOD.

How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?


You know, I keep hearing about this program from my right-wing friends, but nobody can point me to any official documentation on it. Perhaps you can help.
2012-11-09 02:04:01 PM
1 votes:
While everyone else is kicking around the economic/financial aspect of this, I direct everyone's attention to a different part of this. The CA constitution has been amended to require tax changes to go to the ballot.

Ahem. This means that CA is now starting to flirt with direct democracy. Those empty red counties in CA should be pushing a load into their pants right about... now.

Governor Moonbeam, please take a bow. This was a masterful move, and I applaud you. If this trend keeps up the CA legislature will be come ceremonial in function only.
2012-11-09 02:03:04 PM
1 votes:
Subby, California's highest tax bracket for individuals was $50,000. Let that sink in. $50,000. At a time when the state's budget is falling apart, we need everybody paying their fair share, including rich people.
2012-11-09 02:01:36 PM
1 votes:

Kazrath: /And I don't even live in California.


Having lived here 8 weeks now I've come to the conclusion that the Proposition system in California is so mind numbingly idiotic that I am surprised California hasn't completely imploded and been sold off to Mexico by now.

/I've been told they have legislators here but I haven't actually seen one
//direct democracy simply doesn't work
2012-11-09 01:59:52 PM
1 votes:

Kazrath: This pisses me off. And I don't mean the tax hike.

"Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state's public schools and universities. "

This politicking of holding the education of our children hostage pisses me off. Why not perform major cuts in some other Bullshiat sector like I dunno government administration. Or some other nearly purposeless governmental organization. No, they go for something we actually need in hopes to lobby their support of the tax hike. Everyone of these MF'ers need to be strung up on the nearest tree.

/And I don't even live in California.


Obviously you haven't been paying attention to what is going on in California. We've been experiencing spending cuts in all sectors. This tax hike is to relieve the spending cuts in education.
2012-11-09 01:58:14 PM
1 votes:

Lucky LaRue: Kibbler: ONE POINT ONE PERCENT. MY GOD.

How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?


Because they're human beings? And I think we found Romney's Fark handle....
2012-11-09 01:58:07 PM
1 votes:

Lucky LaRue: Prank Call of Cthulhu: Oh no! A MASSIVE TAX HIKE!!!

Oh my god, they finally went and did it. What did they do, raise the top bracket to 50% or something?

When you stop to consider that, the only reason California is raising the rate is because they have so many social programs handing out money and free services that they are going bankrupt, it really doesn't matter if it was a 50% hike or at 0.1% hike - it is still taking money from hard-working capitalist to fund unnecessary social programs.


www.beirutnightlife.com

What a "hard-working" California capitalist may look like.
2012-11-09 01:57:48 PM
1 votes:

Lucky LaRue: How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?


Who work hard, are family oriented, carry no debt, and contribute more to the economy than they take.

/next
2012-11-09 01:56:58 PM
1 votes:
This pisses me off. And I don't mean the tax hike.

"Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state's public schools and universities. "

This politicking of holding the education of our children hostage pisses me off. Why not perform major cuts in some other Bullshiat sector like I dunno government administration. Or some other nearly purposeless governmental organization. No, they go for something we actually need in hopes to lobby their support of the tax hike. Everyone of these MF'ers need to be strung up on the nearest tree.

/And I don't even live in California.
2012-11-09 01:54:28 PM
1 votes:

Kibbler: ONE POINT ONE PERCENT. MY GOD.


How about before you take 1.1% of anyone's income, you stop spending public money to feed, educate, and provide medical insurance to illegal immigrants?
2012-11-09 01:53:56 PM
1 votes:

Lucky LaRue: unnecessary social programs


Ooooh, I wonder if "unnecessary social programs" is going to be this year's hot buzzphrase, like "burdensome environmental regulations" was a few years ago.
2012-11-09 01:49:50 PM
1 votes:

Insatiable Jesus: Silly Jesus: [stratoserve.typepad.com image 225x292]

Conveniently, the non-partisan Congressional Budget Office released a study today showing that raising taxes on the evil rich slows the growth of the economy. Good job California.


Yeah, good on them. Since the way it works now is that an expanding economy benefits mostly the rich.


Hmmm, I agree with Jesus on this one...
2012-11-09 01:48:22 PM
1 votes:
Oh no! A MASSIVE TAX HIKE!!!

Oh my god, they finally went and did it. What did they do, raise the top bracket to 50% or something?

The wealthiest 1% of Californians -- those with annual incomes of $533,000 or more -- will shoulder nearly 79% of the tax increase, according to the California Budget Project, a research group that endorsed the proposition. They will see their taxes rise by 1.1% of their income, while the bottom four-fifths of the state's residents will see an increase of between 0.1% and 0.2% of their incomes.

nofactzone.s3.amazonaws.com
2012-11-09 01:46:11 PM
1 votes:
> massive tax hike
> 1.1% on the "hardest hit"
> who are also some of the wealthiest people in history

Oh, CNN, you liberal media, you.
 
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