Death and Taxes. Like death, many taxes are permanent even if they are sold to the public as temporary. Such may become the case with Proposition 30 passed in November 2012 by an 11% margin and retroactive to the beginning of that year. Don't you just love retroactive taxation? Prop. 30 added .25% to the state sales tax (now 7.5%) and bumped up the marginal California rates on the top 3% of earners. Greater than $250K to 10.3%. Greater than $300K to 11.3%. Greater than $500K to 12.3%. Greater than a mil to 13.3%.
Today's news from the SacBee is that
Last Thursday, the Secretary of State’s Office announced that a proposal to fund schools by extending the Proposition 30 income tax on the wealthy could begin collecting signatures. While popular with many Democratic politicians, the idea has middling support among California voters, and proponents of the measure – a mix of education and public employee unions – must contend with the fact that Gov. Jerry Brown promised in 2012 that the original tax would be temporary.
But hey, maybe the accelerating migration to Nevada, Texas or Washington is a good thing. Less traffic. Less need for high density housing. Sounds like a plan. Our friends and neighbors at the CA Teachers Association on Trousdale Dr. are feeling the pressure to lock in some taxes since they are faced with a solid lawsuit (Friedrichs v. California Teachers Association) that would allow teachers who are not in the union to avoid paying a $650 per year "agency fee". That would put a real dent in the lobbying money that goes into passing Propositions and their extensions.