Traxtax Tax Stuff

Traxler & Associates, Inc. maintains this blog. We are a full service tax preparation firm located in California. We currently prepare over 1500 business and individual income tax returns in all of the states that require filing.

Tuesday, September 16, 2008

Latest on California Budget and Tax Issue

Looks like the State of California has finally come up with a budget compromise. It is at this moment at the governors desk for signature of for veto. So this is good news? Well maybe not.

What our wonderful legislature has done is what they usually do and that is bad accounting. They are taking projected future income (taxes) that may or may not come in into account in the balancing of the budget.

What the real problem is that the cost of our California government has gone up 30% since our new, "cut the taxes" governor took office. That is about the same amount of increase that was accounted for under the guy we pitched out. So what has changed?


California government spending has gotten bigger and bigger and our tax burden has gotten bigger and bigger. One must ask, "are we better than we were under the old governor?"

What can we do other than move to some foreign county that will not blow us up just for being an American? Well the best thing is to stay informed. Read what is going on in our government and most importantly, Vote. Take your citizenship seriously.

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