usctrojancpa
Well-known member
Moonbeam calling us taxpayers who work hard to fund those ridiculous pensions freeloaders? Oh man, that guy has some nerve.
Toyota moving to Texas
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NEW -> Contingent Buyer Assistance Program
The sky is falling!
So do you really think every high tech job is going to leave? Or most? Or half?
This is not Georgia... Cali's economics are strong and will remain so... location, location, location.
Not at all...Why is everything taken to a hyperbolic extreme when making an argument? The sky is falling, but it is happening over time. The trend is slow and arduous but it is unmistakable. It can be arrested if we just recognize that the pot we are in is starting to get warmer and may eventually boil.
I question whether a 15% tax on those working (and added sales tax, additional tax to business) would be enough to pay for that universal care. Supposedly it includes dental, preventative, rx, etc. My hubby pays more than that in premiums for only two of us thru work and we still have a good copay for docs, costs for rx, and significant oop before our deductible is even met and he makes a pretty good salary. What about all the people who make less? They will pay less into the system. Can the tech workers cover everyone?
Used to rent out our TR house out. First renters were from England here on biz. They had "free" health care in England but they had an additional policy because the "free" one meant long lines and cruddy docs. That's what happens when u try to limit payments to doctors and let everyone go to see them for anything they want all for "free".
I doubt it will pass, but if it does hubby will quit his job. We don't need the income. We need health care. We'll pay decent docs the cash pay price which is what I've started doing anyway because despite paying our premiums every month the copay is more than their cash pay bill.
Personally I think single payer, all of us get the same care without means testing is the way to go but I don't think visits should be free. Not sure how we can afford that with the deficit so stinking high.
If it is passed, I will pretty much be forced to move my corporation to another state, or close up shop and work for a bigger company.
Either of those things could put me better off than I am today, or worse. Whatever the case, it will cause a big shakeup.
I deal with a lot of small and medium sized businesses. I don't see how any of them wont be hurt by this.
I have a client that pays about $1 million in payroll each year. The 15% tax will add a $150,000 annual cost to the company. Most likely scenario is that 3 employees get cut if this passes, and that all new hiring will happen out of state.
P.S. I think we will be better off as a society with single health payer. I favor it. I just don't favor forcing business to cover it.
Many of these "high tech" jobs are already being outsourced. They don't have to happen here. Other cities in other states are also becoming tech hubs.
And no, every tech job isn't going to leave. Comments like that are simple minded logical fallacies. You should stop doing that as it reflects poorly on your responses.
It probably wont affect bigger companies much as it will replace their healthcare costs. It will probably be a bit higher, however, manageable for many. It does make California less appealing. If enough things pile on, you will see more of an exodus.
morekaos
Well-known member
Who even comes up with this? You can't make this up. Let's tax ideas on what to tax next...we can double up taxes on tax ideas...yahhhhh thats the ticket...
California plans for collecting taxes on spaceflight
The earthly convention of paying taxes may soon extend into outer space, if California regulators have anything to say about it.
https://youtu.be/59yrdnOQlYs
The state?s Franchise Tax Board is seeking public comment on its proposal for computing taxes on commercial space transportation companies.
The private spaceflight industry remains small, despite grand ambitions to shuttle everything from tourists to 3-D printers into space. But the board says it created the rules to give entrepreneurs the confidence that once their businesses really start to take off, California?s tax code will be ready to handle them.
The rules are designed to apply to any company operating in California that generates at least half the money it takes in from ?space transportation? ? defined as the movement of people or property 62 miles above the surface of the Earth. That?s the internationally recognized line that separates our planet from the rest of space. It would apply to companies that use California as a launchpad, not California companies launching from other states, like Texas or Florida.
http://www.sfchronicle.com/business/article/California-plans-for-collecting-taxes-on-11119631.php
California plans for collecting taxes on spaceflight
The earthly convention of paying taxes may soon extend into outer space, if California regulators have anything to say about it.
https://youtu.be/59yrdnOQlYs
The state?s Franchise Tax Board is seeking public comment on its proposal for computing taxes on commercial space transportation companies.
The private spaceflight industry remains small, despite grand ambitions to shuttle everything from tourists to 3-D printers into space. But the board says it created the rules to give entrepreneurs the confidence that once their businesses really start to take off, California?s tax code will be ready to handle them.
The rules are designed to apply to any company operating in California that generates at least half the money it takes in from ?space transportation? ? defined as the movement of people or property 62 miles above the surface of the Earth. That?s the internationally recognized line that separates our planet from the rest of space. It would apply to companies that use California as a launchpad, not California companies launching from other states, like Texas or Florida.
http://www.sfchronicle.com/business/article/California-plans-for-collecting-taxes-on-11119631.php
morekaos
Well-known member
Wrong, the message is simple...
"But the board says it created the rules to give entrepreneurs the confidence that once their businesses really start to take off, California?s tax code will be ready to handle them."
In plainer language...If you come up with a business, take all the risks , we at the Franchise Tax board stand ready to tax you at the moment you become profitable. Therefore, just set up your launch facilities in another state with confidence ...like Texas (Space Ex).
"But the board says it created the rules to give entrepreneurs the confidence that once their businesses really start to take off, California?s tax code will be ready to handle them."
In plainer language...If you come up with a business, take all the risks , we at the Franchise Tax board stand ready to tax you at the moment you become profitable. Therefore, just set up your launch facilities in another state with confidence ...like Texas (Space Ex).
morekaos
Well-known member
Half a step ahead of us
Connecticut's Tax Comeuppance; With the rich tapped out, the state may resort to Puerto Rico bonds.
https://www.investorvillage.com/smbd.asp?mb=4620&mn=1676&pt=msg&mid=17222380
The Aetna insurance company has been based in Hartford, Conn., since 1853, but this week it said it is looking to move to another state. Governor Dannel Malloy has pledged to match other states' financial incentives, but taxpayer money can't buy fiscal certainty and a less destructive business climate. That's the real problem in Connecticut, which saw GE vamoose to Boston last year and which even Mr. Malloy now seems to recognize.
"As a huge Connecticut employer and a pillar of the insurance industry, it must be infuriating to feel like you must fight your home state policymakers who seem blind to the future," Mr. Malloy wrote in a May 15 letter to Aetna CEO Mark Bertolini. "The lack of respect afforded Aetna as an important and innovative economic engine of Connecticut bewilders me."
Now he tells us. Gov. Malloy has spent two terms treating business as a bottomless well of cash to redistribute to public unions. Now that his state is losing millionaires and businesses, he has seen the light. But the price of his dereliction will be steep.
Connecticut's Tax Comeuppance; With the rich tapped out, the state may resort to Puerto Rico bonds.
https://www.investorvillage.com/smbd.asp?mb=4620&mn=1676&pt=msg&mid=17222380
The Aetna insurance company has been based in Hartford, Conn., since 1853, but this week it said it is looking to move to another state. Governor Dannel Malloy has pledged to match other states' financial incentives, but taxpayer money can't buy fiscal certainty and a less destructive business climate. That's the real problem in Connecticut, which saw GE vamoose to Boston last year and which even Mr. Malloy now seems to recognize.
"As a huge Connecticut employer and a pillar of the insurance industry, it must be infuriating to feel like you must fight your home state policymakers who seem blind to the future," Mr. Malloy wrote in a May 15 letter to Aetna CEO Mark Bertolini. "The lack of respect afforded Aetna as an important and innovative economic engine of Connecticut bewilders me."
Now he tells us. Gov. Malloy has spent two terms treating business as a bottomless well of cash to redistribute to public unions. Now that his state is losing millionaires and businesses, he has seen the light. But the price of his dereliction will be steep.
irvinehomeowner
Well-known member
All these companies leaving Cali, so how are we leading the job growth?
https://www.nytimes.com/2017/06/05/us/california-today-how-california-helps-the-us-economy.html
https://www.nytimes.com/2017/06/05/us/california-today-how-california-helps-the-us-economy.html
morekaos
Well-known member
Cause the jobs we are creating suck....
Only four of California?s eleven major industry sectors added jobs last month. Leisure and hospitality added 7,400 jobs; followed by construction, expanding by 7,200 jobs; education gained 6,800 jobs; and logging and mining picked up 200 jobs. The biggest job losses were in professional and business services, which were down by 17,500 jobs; followed by trade, transportation and utilities, which fell by 5,900 jobs.
All but three of California?s major industry sectors saw job gains in the last year, led by educational and health services, up 69,700 jobs; followed by leisure and hospitality, up 51,000 jobs; and government, up by 44,400 jobs.
April?s biggest job loser was the high-paying information sector, heavily domiciled in Silicon Valley. Information lost 4,200 jobs in the last month, and suffered 9,800 job losses in the last year.
The CompTIA information trade association reports that earnings in the sector average $105,400, almost twice the state?s $53,400 average. That appears to indicate that California is gaining low-paid service sector jobs and losing high-paid tech sector jobs.
http://www.breitbart.com/california/2017/05/22/california-unemployment-falls-to-lowest-rate-in-16-years/
Only four of California?s eleven major industry sectors added jobs last month. Leisure and hospitality added 7,400 jobs; followed by construction, expanding by 7,200 jobs; education gained 6,800 jobs; and logging and mining picked up 200 jobs. The biggest job losses were in professional and business services, which were down by 17,500 jobs; followed by trade, transportation and utilities, which fell by 5,900 jobs.
All but three of California?s major industry sectors saw job gains in the last year, led by educational and health services, up 69,700 jobs; followed by leisure and hospitality, up 51,000 jobs; and government, up by 44,400 jobs.
April?s biggest job loser was the high-paying information sector, heavily domiciled in Silicon Valley. Information lost 4,200 jobs in the last month, and suffered 9,800 job losses in the last year.
The CompTIA information trade association reports that earnings in the sector average $105,400, almost twice the state?s $53,400 average. That appears to indicate that California is gaining low-paid service sector jobs and losing high-paid tech sector jobs.
http://www.breitbart.com/california/2017/05/22/california-unemployment-falls-to-lowest-rate-in-16-years/
irvinehomeowner
Well-known member
Jobs are jobs... everyone has to eat.
morekaos
Well-known member
A job is not a job when the high paying job moves to Texas and the new burger flipper is making 1/4 of his income, you rot the tax base from the inside out, one job at a time. Jobs are not jobs but numbers are numbers. These numbers are trending down where it counts, income. I'll take 1 of those high tech, high earners over the 4 burger flippers any day.
sgip
Well-known member
If this California Single Payer scheme is approved, you won't find many high paying jobs remaining in California. Roughly 2/3rds of every dollar earned will go to Fed/State/Sales/Gas/Etc taxes and at that level, Atlas will shrug.
But hey, we got "free healthcare"!
My .02c
Soylent Green Is People
Chief Burger Flipper, Soylent Corporation.
But hey, we got "free healthcare"!
My .02c
Soylent Green Is People
Chief Burger Flipper, Soylent Corporation.
irvinehomeowner
Well-known member
I value my cheeseburger just as much as my iPhone.
This is much ado about nothing.
#BugerFlipperLivesMatter
This is much ado about nothing.
#BugerFlipperLivesMatter
irvinehomeowner
Well-known member
morekaos said:
The sky is falling!
So do you really think every high tech job is going to leave? Or most? Or half?
This is not Georgia... Cali's economics are strong and will remain so... location, location, location.
morekaos
Well-known member
irvinehomeowner said:
Not at all...Why is everything taken to a hyperbolic extreme when making an argument? The sky is falling, but it is happening over time. The trend is slow and arduous but it is unmistakable. It can be arrested if we just recognize that the pot we are in is starting to get warmer and may eventually boil.
Ready2Downsize
Well-known member
Soylent Green Is People said:
I question whether a 15% tax on those working (and added sales tax, additional tax to business) would be enough to pay for that universal care. Supposedly it includes dental, preventative, rx, etc. My hubby pays more than that in premiums for only two of us thru work and we still have a good copay for docs, costs for rx, and significant oop before our deductible is even met and he makes a pretty good salary. What about all the people who make less? They will pay less into the system. Can the tech workers cover everyone?
Used to rent out our TR house out. First renters were from England here on biz. They had "free" health care in England but they had an additional policy because the "free" one meant long lines and cruddy docs. That's what happens when u try to limit payments to doctors and let everyone go to see them for anything they want all for "free".
I doubt it will pass, but if it does hubby will quit his job. We don't need the income. We need health care. We'll pay decent docs the cash pay price which is what I've started doing anyway because despite paying our premiums every month the copay is more than their cash pay bill.
Personally I think single payer, all of us get the same care without means testing is the way to go but I don't think visits should be free. Not sure how we can afford that with the deficit so stinking high.
sgip
Well-known member
I think it will pass as there are enough soft heads in Sacramento to believe SP, like communism, will work because "it just wasn't tried in the right way everywhere else".
That said, the easiest way to kill off SP is to put everyone on a VA medical plan for 6 months. If you like the way VA does medical services, wait until the government has 100% of the healthcare industry under control.
My .02c
Soylent Green Is People
That said, the easiest way to kill off SP is to put everyone on a VA medical plan for 6 months. If you like the way VA does medical services, wait until the government has 100% of the healthcare industry under control.
My .02c
Soylent Green Is People
Here's some metrics.Soylent Green Is People said:
If it is passed, I will pretty much be forced to move my corporation to another state, or close up shop and work for a bigger company.
Either of those things could put me better off than I am today, or worse. Whatever the case, it will cause a big shakeup.
I deal with a lot of small and medium sized businesses. I don't see how any of them wont be hurt by this.
I have a client that pays about $1 million in payroll each year. The 15% tax will add a $150,000 annual cost to the company. Most likely scenario is that 3 employees get cut if this passes, and that all new hiring will happen out of state.
P.S. I think we will be better off as a society with single health payer. I favor it. I just don't favor forcing business to cover it.
Sorry, but this reeks of bury your head in the sand ignorance.irvinehomeowner said:
Many of these "high tech" jobs are already being outsourced. They don't have to happen here. Other cities in other states are also becoming tech hubs.
And no, every tech job isn't going to leave. Comments like that are simple minded logical fallacies. You should stop doing that as it reflects poorly on your responses.
It probably wont affect bigger companies much as it will replace their healthcare costs. It will probably be a bit higher, however, manageable for many. It does make California less appealing. If enough things pile on, you will see more of an exodus.