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muckdogfollowshare
2-20-2009 1:51 AM
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muckdog says:
What happens in CA, is that every few year we have a budget crisis that demands that taxes be hiked. Then the money isn't uses for one-time expenses. The money is used for new programs. The new programs grow at a rate faster than CPI plus economic growth. Thus, the state is soon in a "structural deficit."

Politicians then raise taxes.

Lather. Rinse. Repeat.

And that's why the sales tax is now pushing 10-cents and the income taxes are rising to close to 10% for the middle class.

Nevada, anyone?
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