Wednesday, September 30, 2009

Tax Report: A Failure To Provide A Fair, Long-Term Solution To California’s Revenue And Tax Problems. - California Progress Report


Tax Report: A Failure To Provide A Fair, Long-Term Solution To California’s Revenue And Tax Problems. - California Progress Report:

"*It relies entirely for its reforms on a completely unknown and untried tax, the business net receipts tax (BNRT). There are huge legal and economic problems with this tax, including: burdening companies disproportionately which have higher labor costs; burdening companies, including start-ups, with tax which otherwise would have losses; taxing rental housing, childcare, food and other necessities of low income people; assuming the ability to tax interstate commerce which is highly questionable; possibly disadvantaging California-based companies; encouraging the contracting out of labor services, rather than hiring employees."