Alan C. Posted March 19, 2013 Posted March 19, 2013 California businesses fuming over retroactive $120M tax grab California's top-end taxpayers -- already steamed over a recent hike in the nation's highest state income tax -- are now fuming over a new $120 million retroactive tax grab on small business owners. In December, the state's tax authority determined that a tax break claimed over the past few years by 2,500 entrepreneurs and stockholders of California-based small businesses is no longer valid and sent out notices of payment. "How would you feel if you made a decision, which was made four years ago, (and) you absolutely knew was legally correct and four years later a governing body came in and said, 'no, it's not correct, now you owe us a bunch more money. And we're going to charge you interest on money you didn't even know you owed..."
Guest darkskyabove Posted March 19, 2013 Posted March 19, 2013 Not really new. Taxifornia's been on this path for years. It's the main reason I, and most of my family, have moved away. Not that I agree with the media, in any way, shape, or form, but this seems apropos: http://video.foxbusiness.com/v/2130362189001/stossel---11713---texas-vs-california/?playlist_id=1794596212001
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