Wednesday, November 14, 2012

A Penny Here, A Penny There...

The State of California just approved a quarter of a cent sales tax increase with Proposition 30 for the next 4 years. This mean on January 1, 2013, the state sales tax for everyone is going up to 7.50%. In addition, it also increases the personal income tax for residents who earn over $250,000 for the next 7 years. And , no, I did not vote to increase my state's taxes.

http://www.boe.ca.gov/news/pdf/l337.pdf

http://vig.cdn.sos.ca.gov/2012/general/pdf/30-title-summ-analysis.pdf

Being lower middle class in OC is looking better all the time... as compared to the city of Los Angeles...

http://www.nbclosangeles.com/news/local/Los-Angeles-City-Council-Gives-Initial-Approval-to-Half-Cent-Sales-Tax-on-March-Ballot-179214271.html

The sales tax there is already 8.75%




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