Wednesday, April 23, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

Runner: 1% pay 50% of income taxes

By
From page B1 | July 08, 2013 | 9 Comments

SACRAMENTO – George Runner June 14 issued the following statement in response to the Legislature’s approval of a budget:

“The Legislature should be commended for approving an on-time budget and exercising some measure of restraint.

“However, the success of this budget hinges on the decisions of a very small number of overtaxed Californians, their continued presence in California and their success in the stock market.

“According to the Franchise Tax Board, the highest 1 percent of income earners will pay more than $2 billion less in 2013 than 2012. That’s not surprising. A recent survey found 75 percent of affluent Californians are planning actions to reduce their tax liabilities — and a quarter are considering moving out-of-state.

“It’s troubling that the volatile personal income tax accounts for 63 percent of budget revenue. Just 1 percent of California taxpayers now provide nearly half of all income tax payments the state receives.

“You can’t tax your way to prosperity. To create true budget stability, California must attract jobs and investment to our state rather than drive them away.”

Elected in November 2010, George Runner represents more than nine million Californians as a member of the State Board of Equalization. For more information, visit www.boe.ca.gov/Runner.

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Discussion | 9 comments

  • cookie65July 08, 2013 - 9:01 am

    I was out of town for the long weekend. A couple of people were talking where I was sitting about healthcare. Both 50ish, this guy was telling this woman how it was total BS that The Government wasn't paying for all of our healthcare. I soooo wanted to ask what he meant by The Government. But I knew what he meant without asking. Within a couple of breaths he started talking about the 1%. The culture of this country has changed from people who want the freedom to do for themselves to a culture of people who want The Government to be in the business of confiscation and redistribution. While this guy was declaring his entitlement to other peoples private property he was putting his money in a slot machine. This is how we end up with such miserable, unaccomplished, bottom of the barrel qualifications in the highest levels of government. obama was elected by people who couldn't care less about anything other than how generous can he be with other people's money.

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  • 1036-FrankJuly 08, 2013 - 9:35 am

    It is astounding to hear people claim endless entitlements to what others produce like it is some account in a bank that has their name on it. This has created a low intelligence living for millions who are on various govt. welfare programs which will surely implode at some point, I have heard SSI is broke in 3 years, SS in 5 which is very probable now with the Supreme Court overturn of Prop 8 and the potential amnesty for millions of people here illegally, and I would assume the collapse will be just around when the next Pres. election is near for the value of a created crises and a new liberal to grab and run with the need to save people by promising more entitlements and a bigger taxation redistribution to do it. What is important about this article is that the 1% paying the 50% of state taxes are sure to leave at some point which may just cause this to be the first state to file for bankruptcy in the near future unless the 50% is taken from federal sources. This is why Cal is called one of the liberal "death spiral" states to avoid.

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  • Sharp shootin' SlimJuly 08, 2013 - 3:40 pm

    “You can’t tax your way to prosperity. To create true budget stability, California must attract jobs and investment to our state rather than drive them away.” The you should stop focusing on giving illegals free everything and the drunk and lazy free everything. This pathetic state is going to get what it deserves. What possible reason would anybody have to stay here except illegals, felons, and lazy welfare cases. THAT's the reputation Cali-Mexico has now. Hard working folks get nothing but higher taxes to pay for the degenerates of society who have no reason or desire to contribute. Someone I know recently tried to lower their mortgage interest rate. The response was "Oh, you work? Oh, you are current on payments, oh you have good credit and a are contributing to society? SORRY!! We can't help you unless you are lazy, not making payments,bad credit and on welfare. Good job government!! Your head doesn't see sunshine as usual.

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  • Jim RiordanJuly 08, 2013 - 3:46 pm

    George, thanks for your representation. I agree with both Cookie and 1035 Frank on this one. I sure love living here but I'm sure tired of stinking freeloaders and those that support them.

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  • Jim RiordanJuly 08, 2013 - 3:49 pm

    Sorry Frank, I meant 1036 but my fingers just wouldn't listen.

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  • JPJuly 08, 2013 - 5:18 pm

    Taxation by force is theft! Period! It will never be anything else . . .

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  • cookie65July 08, 2013 - 11:00 pm

    obama and the leftists need people in poverty and dependent on handouts in order to get elected. Not exactly a good recipe for prosperity, leftist power is not expanded by prosperity. http://cnsnews.com/news/article/101m-get-food-aid-federal-gov-t-outnumber-full-time-private-sector-workers

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  • cookie65July 09, 2013 - 7:54 am

    Leftists destruction follows a repeated and predictable path. I hope all you brain dead leftists take offense to the stuff I write because at least that indicates some brain activity. Here is Stockton after years and years of public sector bonanzas and feasts the taxpayers are gonna get shafted again because the public sector obligations are killing the city. http://www.kcra.com/news/stockton-takes-up-taxhike-vote/-/11797728/20896118/-/2cef05z/-/index.html

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  • cookie65July 09, 2013 - 8:40 am

    Lap dance tax in Philly...... there is no end to leftists sense of entitlement to OTHER PEOPLES MONEY..... http://www.foxnews.com/us/2013/07/09/philadelphia-reportedly-institutes-lap-dance-tax-at-gentlemen-clubs/

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