The Sky is the Limit for CA Lawmakers Raising our Taxes!
You think that they have run out of ways to tax you? Think again.
Despite record revenues, the State of California is asking us to approve $14 billion in bonds (Propositions 1, 3, and 4). This is after the State, County and City have hit us up for over $15 billion over the last two years.
Over the last four years, we have also approved bonds that will allow the State to issue over $20 billion of debt. These bonds will have an average carrying cost of $1.2 billion a year for the next thirty years.
In 2020, the State is expected to place on the ballot two propositions that will raise our taxes by an estimated $20 billion.
These include the “split roll” which would amend Proposition 13. This will allow County assessors to value commercial properties at market value as opposed to the current system of relying on the purchase price. This would raise an estimated $10 billion a year for local governments.
The Legislature led by the profligate Senator Bob Hertzberg (D-Van Nuys) isproposing to apply the sales tax to services provided by accountants, lawyers, and other professionals. The anticipated haul is $10 billion a year.
Sacramento is also discussing two bonds offerings for $5 billion, $2 billion for the University of California and $3 billion to finance the deferred maintenance on the State’s neglected parks. The annual carrying cost is estimated to average $325 million over the next thirty years.
Of course, this is in addition to the revenues derived from the Cap-and-Trade program, a significant portion of which is devoted to the not so fast Bullet Train boondoggle. According to Legislative Analyst Office, Cap-and-Trade will add 24 to 73 cents to the cost of a gallon of gas. This will cost drivers about $2.5 to $7.5 billion. Call it $5 billion. Over the last two years, our share of the new taxes is $2.4 billion. This works out to be $600 a person or $2,400 for a family of four. This is the equivalent of bumping the sales tax to 13% or an increase in our property taxes of 45%.
Need I say more?
Our legislators are drunk with power and have no self-discipline to control their spending – of OUR tax dollars.
When will we say ENOUGH?
Now! The time had come for 51. What can you do to bring this insanity to a halt? Joins us on behalf of liberty and freedom and the right to be self-governing citizens of a state that honors our constitution.
We can, and we will, separate and form a new state. Stand with us. Join us as we move forward, step by step to freedom once again, to what our founders intended and what we need to hand off to our posterity.
Join us now.
You have the chance to make a difference. Will you be the difference? Will you be the one who will put us over the finish line? We cannot do this without you. So join with us. Make it happen!
