Cali Not Driving Out Business Fast Enough, Seeks To Improve

[Weather Man]

California, backed by Abigail Disney, wants to tax companies for executive pay ratio

SACRAMENTO, Calif. (AP) — California is considering raising taxes on some of the country's largest companies, but the size of the tax increase would depend on how much its highest-paid executive makes compared to its employees.

The bigger the gap, the bigger the tax increase.

The bill by Democratic state Sen. Nancy Skinner passed out of its first committee hearing on Wednesday, keeping it alive a head of a Jan. 31 deadline to pass the Senate.

The proposal would only apply to companies that post at least $10 million of taxable income from business conducted in California. That would apply to about 2,000 companies nationwide, including the Walt Disney Co., headquartered in Burbank......

 

[03Sssnake]

Of course democraps want to crush the economy, kill prosperity....their socialist policies don’t get any traction when the market is up, economy doing well.

 

[DSG2003Mach1]

They're definitely well on their way to making First World Shit Hole a thing

 

[RedVenom48]

Lol can California even tax out of state companies like that? Hahaha so stupid. The California way: tax everything to fix nothing.

 

[Stanley]

I hope it passes.

 

[FJohnny]

Pil Michelson, pretty much the most popular person in California, just announced that he's also leaving. He had previously talked about high taxes driving businesses/people out. Although he didn't mention it he's probably not big on people pooping in the streets. It's not allowed at PGA events, either.

 

[5.2Leader]

Pil Michelson, pretty much the most popular person in California, just announced that he's also leaving. He had previously talked about high taxes driving businesses/people out. Although he didn't mention it he's probably not big on people pooping in the streets. It's not allowed at PGA events, either.

Wait. So you’re telling me I’m not the most popular person in Kamifornia! LOLOLOLOLOL
The machine shop I run here in So. Cal., we are looking towards Texas. We went over 110 employees today and it only gets worse the larger you get! It’s unreal.


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[SolarYellow]

I hope it passes.

Pass it post haste since it would serve them proper.

 

[sleek98]

Lol can California even tax out of state companies like that? Hahaha so stupid. The California way: tax everything to fix nothing.

Yes and no. They can only apply it to the income that is apportioned to California. Business tax on large corporations is kinda funky, each state has their own apportionment rules so its not a direct I made this much net income in CA so that much is taxed there.

 

[BlckBox04]

so the heiress to one of the largest and most profitable companies in the world wants to raise taxes for the largest and most profitable companies in the world? and this makes sense to her?

 

[Sinister04L]

so the heiress to one of the largest and most profitable companies in the world wants to raise taxes for the largest and most profitable companies in the world? and this makes sense to her?

She's a wackadoodle.

 

[MG0h3]

Gotta pay for the heroin needles and pooper scoopers somehow fellas.



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[03Sssnake]

Gotta pay for the heroin needles and pooper scoopers somehow fellas.



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I feel sorry for the city sanitation workers, it's already a nasty job, but they go the extra mile policing syringes, cleaning up human shit from sidewalks, streets, parks, beaches etc....San Fransissy spent 54 million last year clean up after these oxygen thieves.

 

[MG0h3]

****ing shithole.

Seattle has done the same thing. Sucks


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[04MysticCobra]

I feel sorry for the city sanitation workers, it's already a nasty job, but they go the extra mile policing syringes, cleaning up human shit from sidewalks, streets, parks, beaches etc....San Fransissy spent 54 million last year clean up after these oxygen thieves.

You think that stench from San Fran could travel across the country and damage the air on the way.....where is the EPA on this...lol.

 

[nxhappy]

Lol can California even tax out of state companies like that? Hahaha so stupid. The California way: tax everything to fix nothing.

so.****ing.true.
I can't wait for February to end LOL.... BYE FELICIA !

 

[Kevins89notch]

Pil Michelson, pretty much the most popular person in California, just announced that he's also leaving. He had previously talked about high taxes driving businesses/people out. Although he didn't mention it he's probably not big on people pooping in the streets. It's not allowed at PGA events, either.

Did he have a run in with the gov a couple years back? He made some comment about taxes, and then the gov shot back with some comment like "you're free to leave it you hate it." He then apologized and said how much he loves CA....and then won another tournament which put another 100K in taxes in CA. He should have thrown up the middle finger and moved to FL or another state tax free state. I guess now he will be doing just that.

 

[FJohnny]

Did he have a run in with the gov a couple years back?

He said taxes were too high in Cali. So they sent agents to the golf course and threatened him with insider trading charges. He jumped back in line and paid a big fine instead of going to jail like Martha Stewart did for far less.

They don't let guys who pay tax on $60M a year leave that easy. But, as was pointed out earlier, someone has to pay to clean up needles and poop so they don't want them in jail either. Just shut up and keep paying.

You can poop on the streets but don't complain about taxes or else. Lesson learned.