California, like many other states is facing a major financial crisis. Currently California faces a $15 billion deficit. One solution being pushed by Governor Jerry Brown is the extension of tax increases for another five years along with cuts. I understand the situation is grave and might be able to accept these extensions if serious reforms where to accompany the tax extensions to ensure this does not happen again. However that is not my main concern. On top of this plan the California legislature is trying to pass a bill that would allow state counties to also collect their own income tax along with other excise taxes. That means for many of us, we could potentially start paying three or more income taxes dependant on how many counties a person receives income in. Can you imagine the added burden that would be placed on taxpayers if something like this actually passes, especially with the type of unscrupulous politicians that are currently in office!
I understand the local and state governments are broke…just like me. However when is it going to be enough. I make a decent living but I am far from rich. I am hurting just like everyone else. The last thing I need is to pay more to the government and have less in my pocket especially with the level of incompetence and mismanagement that exists.