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Sacramento County to issue property tax bills in October
Sacramento County is expected to issue property tax bills to homeowners in October. Homeowners are encouraged to review their tax bills in order to ensure that the assessment value of their homes are...
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Tax on sugary drinks creates war in California cities (Photos)
The City of Richmond and El Monte have proposed to tax sugary drinks at a rate of one penny per ounce in an effort to reduce their budget deficits and also to fight obesity. The proposal to tax sugary...
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Midnight deadline approaches for California sales tax on Amazon.com (Photos)
After extensive efforts, the State of California has accomplished its goal of obtaining sales tax on products purchased by California residents on amazon.com (“Amazon”). Amazon must begin to apply a...
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Sac State students face tuition increase if Proposition 30 fails (Photos)
Today, the California State University (“CSU”) Board of Trustees approved a conditional tuition hike by an 11 to 3 vote. The proposed tax hike was approved on Tuesday by the finance committee. The...
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California tax debtors face losing drivers and professional licenses (Photos)
The State of California reported that the annual difference between the amount of taxes owed, and the amount of tax actually collected is approximately $10 billion. A new law that went into effect...
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Taxpayers association files suit to stop fire prevention fee (Photos)
The Howard Jarvis Taxpayer Association filed suit in the Sacramento Superior Court in an attempt to block a fee that is being charged on targeted property owners in order to raise money for fire...
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Corporations back down from Prop 39 fight (Photos)
Under Proposition 39 (“Prop 39”), out-of-state corporations that sell products within the State of California would lose their ability to select from two taxation methods that were previously allowed....
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Hundreds of local tax initiatives crowd California's November ballot (Photos)
In the upcoming election, the November ballot in the State of California is expected to have over 230 initiatives for local taxes, bonds and fees on local ballots. Over 100 of these initiatives were...
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Fate of Davis School District depends on voter support of Measure E and Prop...
The Davis school board is depending on Measure E and Proposition 30 (“Prop 30”) in order to avoid further budget cuts in education from K-12 and community college. Measure E proposes to extend parcel...
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Aftershock of the 2012 Elections on the County of Sacramento
In the 2012 election, voters approved Proposition 30 (“Prop 30”) which was proposed by Governor Jerry Brown, as well as Proposition 39 (“Prop 39”). The Democratic Party also obtained a two-thirds...
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Franchise Tax Board updates 2012 tax rate schedules after passage of Prop 30...
On November 9, 2012, the Franchise Tax Board (“FTB”) updated the 2012 tax rate schedule in order to adjust for the tax increases resulting from the passage of Proposition 30 (“Prop 30). This means...
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Expiring tax measures to cause more economical problems for America
The United States faces more economical problems as various tax cuts and spending reductions are expiring. The tax cuts instituted by President George W. Bush that granted various tax cuts on income,...
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California revenue declines since passage of Prop 30
After Proposition 30 passed on November 6, 2012, the State of California experienced a decline in the total state revenue for the month of November. California State Controller John Chiang reported...
View ArticleFiscal deal increases taxes on the wealthy but could affect middle class...
The tax package passed by Congress on New Year’s Day extends most of the tax cuts passed during the Bush-era. Individuals earning less than $400,000 and married couples earning less than $450,000 will...
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Tax increases to yield positive economic results in California
This Thursday, Governor Jerry Brown will be proposing his third budget after being reelected. The State of California once faced a deficit of $25 billion which has been drastically decreased to $1.9...
View ArticleHigher payroll taxes surprise wage earners everywhere (Photos)
The Fiscal Cliff compromise allowed payroll tax cuts to expire on New Year’s Day. The fiscal debate that concluded on New Year’s Day of 2013 focused mainly on government spending cuts and income tax...
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Tax changes increases California revenue in January
The State of California is expected to finish the month of January beyond projections. According to the Legislative Analyst’s Office reported that the State of California set a record for tax revenues...
View ArticleConsumer confidence declines due to higher taxes (Photos)
Consumer confidence in the United Stated declined in January due to the increase in Social Security taxes. Americans are now left with less take-home pay, causing consumer spending to decline. The...
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State of California urges residents to claim undelivered tax refunds
In 2012, the United States Postal Service returned approximately 48,000 tax refunds. Taxpayers who move and failed to update their mailing address, and as a result, the refunds were returned. The...
View ArticleSales tax hike provides positive results for City of Sacramento (Photos)
Sacramento residents approved the sales tax hike of half a percentage point, proposed by Measure U this past November. This increase goes into effect on April 1, 2013, and is expected to generate $5...
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