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Business & Economics PRESS ROOM |
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California Focus: Tax man grabs jocks, and more
Submitted by K. Lloyd Billingsley on 2.23.2007
Duane Hoffman is a tax auditor who tracks professional athletes, and specifically their "duty days" in California. The state then shakes them down for state taxes at the same high rates as residents. According to a report in the Sacramento Bee, this brings in some $100 million annually, including $163,000 from a three-day trip by the New York Knicks and $106,000 from the 2006 California sojourn of Yankee infielder Alex Rodriguez. As we noted when we first covered this story in 2004, this confiscatory activity is not limited to athletes.
Taxpayer-Funded Pensions for Felons? Only in Washington
Submitted by Lawrence J. McQuillan, Ph.D on 2.23.2007
With the arrival of the New Year came the arrival of our new Democratic Congressional majority – a majority whose election platforms were saturated with grandiose promises to restore fiscal responsibility and integrity in Congress – to “clean house” so to speak.
Struggle for Shelter
Submitted on 2.17.2007
Last November, voters approved Prop. 1C, a $2.9 billion bond aimed at increasing affordable housing in California. Though well-intentioned, the bond does not address the manageable factors contributing to the high price of housing in the Golden State. A true solution requires tackling the regulatory cost drivers.
Commonwealth of Virginia vs. State of Maryland
Submitted by Lawrence J. McQuillan, Ph.D on 2.9.2007
It’s hard to pick up the paper these days without reading about an over-the-top lawsuit. Whether it’s the woman who claimed she found a finger in a bowl of fast food chili; the plant safety director who sued for wrongful termination after showing up for work with cocaine in his blood; or the student who sued to end summer homework.
The Venture Socialists
Submitted by Joshua S. Treviño on 2.9.2007
California is famous for its venture capitalists, who take the risks that drive material progress and prosperity in the Golden State. Unfortunately, it is also famous for its venture socialists, mostly in the legislature and the state bureaucracy, who force us to take the risks they deem best — and no matter if it involves the most mundane and banal corners of your daily life. .
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