Showing posts with label california is broke. Show all posts
Showing posts with label california is broke. Show all posts

Tuesday, February 3, 2009

This Californian Wishes That She Could Delay Paying Her Taxes Like My State Is!


Wow,there are a whole lot of tax issues,as discussed in the previous post.People have personal tax issues,like President Obama's nominees.And the great state of California can't pay it's taxes either.So,this Californian wonders why in the heck she has to pay her taxes on time.After all,if the richest state is too broke to pay people,then how come I can't make that same claim? Oh,I know why!
I'd be facing all sorts of penalties & fines if I evaded taxes or delayed paying them,though! Shouldn't we all be playing by the same rules in America if all of us should sacrifice in this time of need? Because it would appear that isn't the case.

So,if California can delay paying taxpayers,then can taxpayers delay paying California the taxes that they owe?! We know that we would get thrown in jail for owing thousands of dollars to the IRS! It's so unfair that there is such a disparity between the rich & the poor.I mean,you've got rich folks not paying their fair share of taxes.And the richest state in the United States insists that they are broke because they can't decide on a state budget!Well,the state lawmakers & the governor should sacrifice their own pay until they can make a decision.Why is the average California taxpayer being asked to give up money that they need to get by?


Here's more on the situation in California from CNN:

"Gov. Schwarzenegger's Golden State is in a world of pain. Now it can't meet its obligations to taxpayers, vendors and others until a budget deal is reached.
Running short of cash, California has started delaying $3.5 billion in payments to taxpayers, contractors, counties and social service agencies.

With the governor and state lawmakers locking horns on resolving California's budget crunch, the controller Monday halted checks covering these obligations so the state could continue funding its school system and making its debt payments.

The delay will inflict more pain on the already sorry condition of the Golden State, which is facing a $40 billion budget gap. People won't have tax refund money to spend, businesses won't get paid for their services and agencies won't have funds to help the needy until the budget situation is addressed.

Nearly $2 billion in personal state income tax refunds are being held up, according to state estimates. Last year, some two million Californians received refunds in February."(END OF EXCERPT)