California Stealing From Taxpayers. Seriously.

From Tim Andrews on Monday, November 2, 2009 10:47 AM

To try to address the effects of chronic overspending, the state of California has come up with a rather unique proposition: steal from taxpayers. I mean this quite literally. The State of California has decided to steal money from taxpayers to give itself interest free loans.

The Los Angelos Times reports that California will withold an extra 10 percent from the income of its already chronically over-taxed residents: "think of it as a forced, interest-free loan"

The extra withholding may seem like a small amount siphoned from each paycheck, but it adds up to a $1.7-billion fix for California's deficit-riddled books.

From a single taxpayer earning $51,000 a year with no dependents, the state will be grabbing an extra $17.59 each month, according to state tax officials. A married person earning $90,000 with two dependents would receive $24.87 less in monthly pay.

The Times also notes that In February, state income tax rates were bumped up 0.25 of a percentage point for every tax bracket, the dependent credit was slashed by two-thirds, the state sales tax rate rose 1 percentage point and vehicle license fee nearly doubled to 1.15% of a car's value.

This is a flagrant violation of not only sound tax policy, but the rule of law. As Professor Don Boudreaux, Chairman of the Department of Economics at George Mason University has pointed out, this is theft.

Suppose your neighbor seizes some of your weekly income while promising to return the funds to you later. Even if he eventually repays you with interest, he’s a thief. Nothing – not his profligacy, not his “need” for more money, not the manner in which he spends the money he filches – excuses his thievery.

It’s fashionable today to accuse private businesses of being greedy, duplicitous, and larcenous. But no business could get away with such audacious seizures of other people’s property – seizures that governments, such as California’s, are escalating to a dreadful new level.

We have said it before and we will say it again: Deduction delayed is deduction denied.

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Comments

Califorians live in a dream world and better to tax those idiots than to tax the rest of the US to pay for their naive thinking that has brought them to this ruin. Still they don't wake up. I remember a friend who traveled to California in the late 1970's and called me to say that once she lived their for 60 days, she was entitled to a free college education. Sounded insane but it was true. They have spent themselves into this mess by dreaming about a utopian world that no government can afford unless they have your entire pay check to spend for you. And maybe even then, if wouldn't be enough.
>> Joan Monday, November 2, 2009 12:44 PM

Dear Senator hypocrite, Why don't you worry a little more about your own hick constituants and let the good people of California worry about lynching their own state representatives. I am sure you have a goat in someones corn field that needs your attention much worse than we do.
>> Wayne McAdam Wednesday, November 4, 2009 1:45 PM

What's good for the goose is good for the gander so how can we devise a method to circumvent the affect o these robbers. It is unconstitutional for the state to take ones property without his or her consent; exxcept possibly with operation of existing law via the legislature. How about increasing the exemptions to offset the theft? Just remember this crime the next time you go to the polls!
>> Bill Wednesday, November 4, 2009 11:56 PM

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California Stealing From Taxpayers. Seriously.

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