Monday, September 2, 2013

California's Lawless Taxation

09/02/13

 Heard the one about the five-year retroactive tax increase?


California imposed a huge retroactive income tax increase last year, but some 2,500 small business owners are learning that once is never enough for Sacramento. The state now wants to hit them with a retroactive levy going back to 2008, to the tune of $120 million or more.



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