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Tuesday, April 19, 2011

Modernizing the California Tax System

An NBC Bay Area Editorial of April 15, 2011 - "Revamping our Revenue Model - Bringing California's Tax System Up to Date" by Suzanne Shaw does a nice job getting right to the point about a few weaknesses in California's tax system.

She notes that the sales tax base is out of date with the new economy. That means an eroding tax base and is part of the reason for the budget problem. We have a consumption tax (the sales tax) that isn't taxing many types of personal consumption including high end consumption like personal services and digital downloads.

Thanks to Suzanne Shaw and NBC for highlighting the issues (and the links in the editorial to some of my reports on the topic). I think more people need to look into the current tax and budget situation and ask serious questions of elected officials on changes that will help the budget and the economy.

What do you think?

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