wealth tax – Page 3 – California Globe

Sex and Taxes: Legislators’ Annual Preoccupation

September 1, 2020 10:13 amSeptember 1, 2020 10:49 am

“Tis impossible to be sure of any thing but Death and Taxes,” the popular idiom says. But in California it is more accurate to say “sex and taxes.” With California in dire financial straits having been locked down since March,...

‘Time Stealing’ Regulations for ‘The Wealth Tax’

August 17, 2020 1:14 pmAugust 17, 2020 7:58 pm

Can you imagine having to do an inventory and net worth calculation every year? Let alone potentially being audited and having to prove that values were not intentionally understated? It’s not only financial robbery, it’s time theft! – Senator John...

California Dems’ Wealth Tax Follows People Who Move Out of the State

August 17, 2020 7:28 amAugust 18, 2020 8:12 am

Assemblyman Rob Bonta (D-Oakland) made an appearance on “Cavuto: Coast to Coast” Friday to discuss his Wealth Tax proposal. Bonta told Cavuto the tax “affects about 0.15% of the California population — not the top 10%, not the top 1%,...

California Legislators Propose Wealth Tax

August 13, 2020 2:24 pmAugust 13, 2020 2:25 pm

On the morning of August 13, Assembly Bill 2088 was gutted-and-amended an elections bill into a wealth tax. AB 2088 is jointly authored by Assembly Members Bonta, Carrillo, Chiu, Gonzalez, Kalra, Santiago, Stone, Ting, and Wicks. Assembly coauthors include Chu...

CA Democrats Pushing First-in-the-Nation ‘Wealth Tax’ on State’s Billionaires

August 13, 2020 1:10 pmAugust 13, 2020 2:27 pm

Oakland Assemblyman Rob Bonta held a press conference Thursday announcing his legislation to tax the state’s wealthiest job creators and innovators – the 30,400 billionaires living and working in California. This first-in-the-nation net worth tax is estimated to generate $7.5...

L.A. Teachers Union: Give us $250 Million, Or Keep Schools Closed

July 15, 2020 12:37 pmJuly 15, 2020 1:19 pm

The second largest public school district in the United States is in turmoil. Los Angeles Unified School District, with over 600,000 students in kindergarten through twelfth grade at over 1,000 schools, may not be open for the business of teaching on August...

L.A. Teachers Union: Schools Can’t Reopen Unless Charter Schools Shut Down, Police Defunded

July 13, 2020 2:10 amJuly 14, 2020 8:22 am

In what appears to be a labor union power play, the United Teachers Los Angeles union announced Friday that Los Angeles Unified District schools effectively cannot reopen unless certain conditions are met: privately operated publicly funded charter schools are shut...