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11-08-2008, 04:32 AM #1
- Join Date
- Jan 1970
- Location
- America
- Posts
- 538
Be ready to spread your wealth around specially in CA!!
This is just the beggining.. Hold on to your pockets!!
http://ocbiz.freedomblogging.com/2008/1 ... n-oc/4502/
Schwarzenegger wants 9.25% sales tax in O.C.
Gov. Arnold Schwarzenegger today announced a financial rescue package for the state government that includes a 1.5 percentage point hike in the state retail tax that would take Orange County’s sales tax rate to 9.25%. (The state would get 6.5%.) The fresh cash is needed to backfill an $11 billion deficit in this year’s budget
Overall, Arnold is proposing $4.5 billion in difficult cuts and $4.4 billion in new revenues for the current year budget. He called a special session of the legislature to handle the funding crisis.
According to the governor’s plan, the higher sales tax would end in three years. Other planned tax hikes:
Sales tax applies to the repair of appliance, furniture and vehicles plus golf and veterinarian services. One Orange County vet called it “devastatingâ€"Ask not what your country can do for you --ask what you can do for your country" John F. Kennedy
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