3 Tax Increase Measures Qualify For November Ballot
Come November, Californians will will have a chance to vote on three different tax proposals.Governor Brown's proposal would raise state sales tax and raise income [...]
Why the Tobacco Tax Defeat Does Not Bode Well for Gov. Brown
The last time California voters voted in favor of a tax increase was in 2004--the 1% tax increase on millionaires to fund mental health programs. [...]
Do My Gifts of Limited Partnership Interests Qualify for the Annual Exlusion?
Under current law, a person has a right to give away $13,000 of assets to as many people as they see fit--free of gift tax. [...]
California Entrepreneur Fills Out Form Himself– Loses $18.5 Million Charitable Deduction
In what can be considered one of the harshest Tax Court cases of the year, the Tax Court denied a gigantic charitable deduction because admittedly [...]
California 9/11 Funds Raided By Politicians
In a move that is shocking, even by Sacramento standards, the Associated Press has revealed that a special account initially established to help fund scholarships [...]
California’s Facebook Windfall Falters?
Before Facebook's IPO, many had speculated how the Facebook IPO could bring a tremendous amount of tax revenues to the state. Gov. Brown even estimated [...]