Sunday, December 9, 2012

Corporate Tax Revenue Plunges 213.4% in November

As California goes, so goes the nation and if you're looking for proof that higher taxes actually decrease government revenues, look no further than what is happening in the State of California right now. The following story comes from California Political Review.

"A press release by the State Controller’s office this week revealed an unsurprising drop in state revenues, 10.8 percent below projections contained in the 2012-13 State budget, a total of $806.8 million."

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2 comments:

  1. This is a surprise to no one. The liberals are right on schedule in their schedule of changing the US. obummer is dancing in the wh, overjoyed that his plan is working. To those who say he is just ignorant of how things work, I say YOU are ignorant of obummers plan to destroy the US.

    ReplyDelete
    Replies

    1. I couldn't have said it better.

      Delete

Posted By: Chris Carmouche