Here is an indisputable fact about California taxation: More than two-thirds of state general fund revenues come from personal income taxes and about half of those taxes are paid by the 1% of taxpayers atop the income scale. In other words, K-12 schools, state colleges and universities, health and welfare...
Walters: Arbitrary Tax Policy Spawns an Offspring
History has proven that no political decrees are more arbitrary than those about taxation. We hear a lot about “tax fairness,” but what is taxed and the level of that taxation follow no logical or moral course. Rather, those decisions are driven by ideology, political clout and the perceived need...