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Aug 22 2013

Court Hits California Small Businesses With Massive Retroactive Tax

California hasn’t collapsed like a giant Spanish-speaking Detroit yet largely because there are still small businesses that haven’t been driven into bankruptcy or out of the state, providing employment and generating revenue. But the state’s liberal rulers are working on that:

Small-business investors in California were promised big breaks five years ago, but now they’re being told to pay up, instead after a court ruling.

After following the law, many of them are getting hit with tax bills as high as $250,000.

California law promised them tax breaks if they invested in certain types of business. But now a court has proclaimed that the breaks were unconstitutional. Hence the intensified looting spree to collect back taxes no one expected to owe.

[I]t’s killing small businesses, says Ken DeVore, with the National Federation of Independent Businesses.

“It sends a message that you can’t trust government. If you comply in good faith with the rules, they can go back and penalize you.”

We might hear directly from the victimized businessmen, except,

Investors who could be hit by the retroactive taxes did not want to go on camera, fearing they would become an easy target for the Franchise Tax Board.

Ask any Tea Party organization how much fun it is to appear on the radar of the tax collectors.

To state the obvious, it is not possible to run a business in a state run by greedy, capricious, left-wing thugs. Refer to most any Latin American banana republic to get a glimpse of California’s future.

california_is_going_down
Going down: California’s future under liberal rule.

On a tip from Wingmann.



12 Responses to “Court Hits California Small Businesses With Massive Retroactive Tax”

  1. Dr. 9 says:

    So how does the Marxist-in-Chief and the ugly, leftist dyke he has running the Dept. of Homeland Stupidity plan to secure our wide-open southern border?

    Simple. They will spend $2+ Billion of your money to secure, “MEXICO’S SOUTHERN BORDER”! Perhaps this idea came from Obummer’s dog Bo? I doubt it, since dogs are not that stupid.

    http://www.foxnews.com/politics/2013/08/22/obama-administration-considers-new-plan-to-bolster-mexicos-southern-border/

  2. born in 76 says:

    The judges know 20 and out isn’t cheap! They know who foots their 20-30+ year retirement plans. Pay up suckers!

  3. Lefty Mongtard says:

    Kalifornia is a rainbow utopia comrade. Rainbows, unicorns and chocolate fountains dot the landscape of the golden paradise. To each according to his needs, workers of the world unite!

  4. Flu-Bird says:

    Only in a state run by the freakos and jerks a stupid demacratic govenor a stupid demacratic legislater and brainless judges like the notorous 9th Circut Court

  5. Bo Jangles says:

    In order for Mexifornia to feed and care for the tens-of-Millions of illegals they have welcomed into that goofy state, plus the millions of assorted freaks who call that asylum home, they have no choice but to strangle the few tax-paying fools that are left. By now, you would think the few sane people who are there would be heading for points east.

  6. metalgarth says:

    So what happens when the IRS decides to “retroactively” end mortgage and dependent deductions?

  7. Flu-Bird says:

    Screw Mexifornia we here in Northern California/Southern Oregon have always wanted to sudeed and form the STATE of JEFFERSON without these liberal stupid demacrats running our lives

  8. Laurie says:

    .

    Metalgarth asked: “So what happens when the IRS decides to “retroactively” end mortgage and dependent deductions?”

    Answer: Revolution. Every politician in Washington will be marched out in handcuffs along with the heads of the IRS, and the IRS office will be closed permanently.

    And there’s not a cop, security guard, or even military person who will stop us. Why? Because they’re getting screwed too.

    .

  9. anony says:

    CA has been down sliding for many years – thru both D & R governors. Both parties are to blame. I’ve tried to defend my State for a long time, but now it’s become obvious that it’s a disaster. My children have had to leave to find work in other states. I plan to leave here myself when I retire. The truth as I see it tho, is that this may start in CA, but it will be spreading across the whole US. The govt. seems to have declared war on all of us.

  10. Flu-Bird says:

    And theres that brainless little wank JERRY(MOONBEAM)BROWN


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