Options
Sales Tax in California
zeebob
Posts: 2,825 ✭
Is it true California is going to go to an 8.75% sales tax this year? Currently 7.75% isn't it?
0
zeebob
Posts: 2,825 ✭
zeebob
Posts: 2,825 ✭
zeebob
Posts: 2,825 ✭
zeebob
Posts: 2,825 ✭
Comments
The state taxes go up by 1%. What is not widely reported is that lots of local rates will go up as well.
City of Pico Rivera in Los Angeles county will have a 10.25% sales tax rate.
Link to a PDF file with some info
Link to a PDF file with the rates
I shudder to think about the state income tax rates. I would not doubt that they raise it all the way to 15%, but I don't think things are set in stone yet. Also, realize that the penalities for under withholding will be absolutely punitive in the year 2009. Address that now and get your withholdings right.
==Looking for pre WW2 Commems in PCGS Rattler holders, 1851-O Three Cent Silvers in all grades
Successful, problem free and pleasant transactions with: illini420, coinguy1, weather11am,wayneherndon,wondercoin,Topdollarpaid,Julian, bishdigg,seateddime, peicesofme,ajia,CoinRaritiesOnline,savoyspecial,Boom, TorinoCobra71, ModernCoinMart, WTCG, slinc, Patches, Gerard, pocketpiececommems, BigJohnD, RickMilauskas, mirabella, Smittys, LeeG, TomB, DeusExMachina, tydye
<< <i>"numismatic coins" over $1500 per sale are exempt. >>
are coin shows exempt too?? I've never been taxed at a coin show in CA (except in the Heritage auctions). Probably just not collected/reported by the sellers is my guess on that.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Exodus from Kalifornia. >>
I read that there would be a mass exodus except for the fact that people can't find buyers for their homes.
Worry is the interest you pay on a debt you may not owe.
<< <i>Exodus from Kalifornia. >>
LOL, If you live in the Golden State, no way you leave over 1% bump.
"Because I can"
myurl The Franklin All Old Green Holder Set
19% Sales tax in Germany
45% Income tax rate.
How would you like to pay a "re-unification'' tax ?
<< <i>
<< <i>Exodus from Kalifornia. >>
LOL, If you live in the Golden State, no way you leave over 1% bump. >>
I disagree. Between this increase, my 9.3% state income tax, the fact that the state tells me they will pay me my tax refund "when the state's persistent cash crisis" is over, ridiculous law and anti-firearm sentiment, obnoxious voter behavior (we approved a bill to spend millions to ensure chickens get bigger cages while the state is OUT OF MONEY for god's sake), and fawning over Mr. Obama and Mrs Pelosi, I am ready to get the F WORD out of here.
I am doing research on places to live as we speak.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
texas
good pro-2a laws
no income tax
no alimony
Hong kong/Long Beach JUNE Table #838
MACAU
emgworldwide@gmail.com
Cell: 512.808.3197
EMERGING MARKET GROUP
PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer
I agree that very few people will leave the state over one lousy sales tax increase. Though home prices have declined as a whole in California there are still plenty of areas where even today homes are worth more now than they were in 2006.
By the way, the name of my home state is spelled with a "C", as in "California". I don't get the whole "Kalifornia" thing. Is spelling names with a "k" in lieu of a "c" supposed to have extraordinary meaning or something?
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
Cali has the highest sales tax rate and the highest income tax rate in the nation. Cali is what the entire United States will look like once we have fully adopted European socialism. People will be leaving Cali, but it will be even more interesting to see how many people will be leaving the United States before Obama's insane tax rates take effect in 2011. This country is no longer your parents America.
Or already factored into the price you were quoted.
As for the aforementioned reunification tax in Germany, I have read recently that that taxation isn't expected to be abolished anytime soon.
For those people fed up with America over social issues and taxation should give Canada a try. How does obscene tax rates and a "sin tax" sound?
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
I love Canada but too cold and further along in their socialist journey than is America. After all, Canadians come to America to get better health care. Well, at least they do for now until we implement national health care. Soon Americans will be going to south america for better health care, imagine that.
<< <i>
By the way, the name of my home state is spelled with a "C", as in "California". I don't get the whole "Kalifornia" thing. Is spelling names with a "k" in lieu of a "c" supposed to have extraordinary meaning or something? >>
It is a spoof of Governor Schwarzenagger's accent, when he says it.
The sales tax is only one part of the plan. The car tax is doubling. There is a special surcharge on income tax. Anyone under paying on tax will be walloped with huge penalties. Water rates are going to go way up because of the drought. Another 25 cents in gasoline tax was pulled back at the last minute, but will likely come back on the table next year, after this year's increases don't bring in the money as expected. Someone figured out that the income tax increase would be revenue neutral, if 200 families in the top 5% left the state. So even if the number is small, a few of the top income earners leaving can make a big impact.
<< <i>I love Canada but too cold and further along in their socialist journey than is America. After all, Canadians come to America to get better health care. Well, at least they do for now until we implement national health care. Soon Americans will be going to south america for better health care, imagine that. >>
Or Thailand.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
In reality though, the only time I really ever think about the cost of the sales tax to me is when buying coins or buying a car.
Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448
<< <i>Just had an hourlong conversation with a fellow musican from Germany tonight. He's Joe the Taxman by day, but musician by trade. Anyway, we talked about taxes.
19% Sales tax in Germany
45% Income tax rate.
How would you like to pay a "re-unification'' tax ? >>
Comrade,
At least country unite. In Amerika when music stops...no middle class.
Socialism is good when humans not running it.
Comrade Renski
The problem with socialism is eventually you run out of other people's money.
Didn't wanna get me no trade
Never want to be like papa
Working for the boss every night and day
--"Happy", by the Rolling Stones (1972)
The schools.
The hospitals
The roads
etc.
Let them sneak into the US, have children, call them US citizens, and then let them commute daily across the border for school, etc. No tax dollars coming from the parents still in Mexico but certainly using someone's tax dollars.
Or, the ones who are in the country illegally but still using services because it is illegal to ask for proof of citizenship before having the taxes pick up the hospital bills, etc.
Good luck
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
I give someone a present, I make them pay
the SALES TAX.
Camelot
The illegals I have seen tend to work. In California, one reason wine is so cheap is because of who is picking the grapes. One reason produce is so cheap is because of who is harvesting the produce.
Plenty of legal citizens are on the dole. In fact, i'd argue that the legal citizens are more self-entitled to something for nothing than the illegals, which tend to keep a low profile.
I'm not saying how the system might be changed. But to put the whole burden on the 'illegals' is very short sighted and is a fallacious argument that misses some important points.
Taxes in California go up...I do my best to learn the system and minimize what I pay. If that means consuming less, then so be it. Folks consuming less should strike fear into the folks that desire the economy to grow.
Carter coin.
<< <i>Yes its true. The Taxinator wants to raise more taxes. >>
Friggin' tax-and-spend Republicans...
Lance.
is that business want the constant stream of cheap illegal labor.
The reason most Americans do not want the work, is because the
wages and benefits , if any, are too minimal.
Camelot
Plain and simple.
<< <i>WELL WHAT DO YOU EXPECT FROM THE PEOPLES REPUBLIK OF COMMIEFORNIA?--WHEN JACKASSES LIKE POS-LOSI, FEINSTEIN AND BOXER are the best that the state has as elected officaials what do you expect?.. the best thing is for the big eartquake to hit and destroy it like sodom and gommorah-- oh wait sodom- sanfrancisco and gommorah- LA.... >>
Remember the Weimar Republik. History has a lesson. This was Pre- Jesse Owens. This time it ain't about race, it's about class.
<< <i>
<< <i>Yes its true. The Taxinator wants to raise more taxes. >>
Friggin' tax-and-spend Republicans...
Lance. >>
He's a RINO---Republican In Name Only.
Worry is the interest you pay on a debt you may not owe.
Grew up in Santa Barbara and live in DC metro area and can say that if I had a similar job available there that I would move in a minute even with sales tax going to 15%! I do believe it is called "Quality of Life".
Hey, why is it every time the Republicans take charge that they throw Cali into the dumpster economically? Reagan, Wilson, the Schwartz.....I want Jerry Brown back, no matter how strange he was.
BTW, you think the "aliens" do not contribute to the economy? Why not ask the Republican Growers (big Ag) that brought them here? Maybe you need to see who is working out in the fields, even in 2009 doing stoop labor - I can tell you where to see this within walking distance of the coast in SoCal.
Well, just Love coins, period.
<< <i>Same here!
texas
good pro-2a laws
no income tax
no alimony
Texas is looking better all the time. Second amendment protections. Few "hug a thug" judges. Also, the roads are straight, smooth and fast.
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i>
<< <i>Exodus from Kalifornia. >>
I read that there would be a mass exodus except for the fact that people can't find buyers for their homes. >>
...because they're (housing) still over-priced! This is why I didn't take the job I was offered in Santa Maria. At 70k/annum I'd have been taking a serious pay CUT.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
<< <i>
<< <i>
<< <i>Yes its true. The Taxinator wants to raise more taxes. >>
Friggin' tax-and-spend Republicans...
Lance. >>
He's a RINO---Republican In Name Only. >>
Last I checked the governor, just like the president, doesn't spend money. Check who is in charge of the state house and senate--just like the Federal congress.
PS Most of the state is sane but the govt functions and most of the bad press we get comes out of the two large urban areas. It's becoming almost useless for the rest of us to vote. --Jerry
Edit: Sources
<< <i>This one isn't an 'illegal'. But she is gonna be pretty freaking expensive.
>>
I don't know...she just got offered $1 Million dollars to make 1 adult videos with Vivid Entertainment! Article Here. If she signs a contract, her children will get full medical and dental insurance...how crazy is that?
<< <i>Chicago sales tax is 10.25%, so don't feel so bad.
Edit: Sources
<< <i>This one isn't an 'illegal'. But she is gonna be pretty freaking expensive.
>>
I don't know...she just got offered $1 Million dollars to make 1 adult videos with Vivid Entertainment! Article Here. If she signs a contract, her children will get full medical and dental insurance...how crazy is that? >>
I believe she turned it down. Perhaps the state should cut off her support and medical since she turned down lucrative employment. --Jerry
But on coins it is zero.
<< <i>Chicago sales tax is 10.25%,
But on coins it is zero. >>
Bravo.
We can have a drive 55 campaign and no smoking anywhere, but we can't eliminate taxes
How does this work ?
<< <i>You have got to be kidding on the health care part; out of curiosity, can you cite your source regarding Canadians seeking healthcare HERE? Let them get a load of Kaiser or the VA!!!Or let them try to pay for their own Blue Cross/Blue Shield!
Grew up in Santa Barbara and live in DC metro area and can say that if I had a similar job available there that I would move in a minute even with sales tax going to 15%! I do believe it is called "Quality of Life".
Hey, why is it every time the Republicans take charge that they throw Cali into the dumpster economically? Reagan, Wilson, the Schwartz.....I want Jerry Brown back, no matter how strange he was.
BTW, you think the "aliens" do not contribute to the economy? Why not ask the Republican Growers (big Ag) that brought them here? Maybe you need to see who is working out in the fields, even in 2009 doing stoop labor - I can tell you where to see this within walking distance of the coast in SoCal. >>
Regarding Canadians use of America's health care, I know this through personal experience. I also have many British friends who get their medical, dental, and plastic surgery in the US whilst on holiday as well.
Regarding the quality of life in Santa Barbara, oh i do agree, it's great. However, you do overpay for it in a big way unless you are on the other side of the distribution of wealth.
With respect to Republican Cali Governors, I really don't know much about past Governors but it is of my humble opinion that Arnold doesn't stand a chance against those crazy spending freaks that Cali calls legislators.
With respect to your opinion on non-US citizen agricultural employees and their Big Business Bullies, I agree with you. However, both republicans and democrats turn their heads and allow it to happen because they want their political contributions, and the Democrats want to legalize the aliens only for their votes. It's sick. THIS IS NOT YOUR PARENT'S AMERICA.
Sounds like Chicago has higher sales tax for one. Vermont's highest income tax rate tops CA. Some cities add their own income tax making New York City and Philly pretty expensive.
CA has structural problems. A simple majority can vote for increased spending but a 2/3rds super majority is required to increase revenue. So a minority of republicans can stubbornly block a budget. Gerrymandering assures little party competition for legislative districts so representatives feel comfortable grandstanding their political views rather than working toward a compromise solution. Initiatives allow people to vote for spending without forcing them to pay for it.
Anyway sales tax varies by county. Coin sales totaling $1,500 or more are considered investments and are not taxed.
<< <i><<Cali has the highest sales tax rate and the highest income tax rate in the nation.>>
Sounds like Chicago has higher sales tax for one. Vermont's highest income tax rate tops CA. Some cities add their own income tax making New York City and Philly pretty expensive.
CA has structural problems. A simple majority can vote for increased spending but a 2/3rds super majority is required to increase revenue. So a minority of republicans can stubbornly block a budget. Gerrymandering assures little party competition for legislative districts so representatives feel comfortable grandstanding their political views rather than working toward a compromise solution. Initiatives allow people to vote for spending without forcing them to pay for it.
Anyway sales tax varies by county. Coin sales totaling $1,500 or more are considered investments and are not taxed. >>
Oh please!! Vermont's max marginal tax rate is 9.5% at $357K. Cali's max marginal tax rate is 10.3% at $1MM and 9.3% at JUST $47K. Things that make ya' go hmmm.
Now, is it me or did you just compare the city of Chicago to the State of California?? O-M-G!! Again I repeat, Cali has the highest general statewide sales tax in the nation at 7.25%. EFFECTIVE 04/01/09, California's general statewide sales tax will be 8.25%. The next highest state sales tax is 7% charged by Indiana, NC, and RI.
Now, some jurisdictions in Illinois and Arizona have the two highest LOCAL surtax rates of 11.5% and 10.6% but as of 04/01/09, Cali's max LOCAL will be 10.25%, the third highest. And by the way, Arizona is not really a sales tax; it's a transaction privilege tax, a liability of the vendor not the consumer.
The retirement living website says the Tax Foundation puts CA 5th when ranking total state tax burden:
It is estimated by the Tax Foundation that the nation as a whole will pay on average 9.7% of its income in state and local taxes in 2008, down from 9.9% in 2007 primarily because income grew faster than tax collections between 2007 and 2008.
New Jersey residents paid 11.8%, topping the charts. New Yorkers were close behind, paying 11.7%, and Connecticut was third at 11.1%. The top 10 were rounded out by Maryland (10.8%), Hawaii (10.6%), California (10.5%), Ohio (10.4%). Vermont (10.3%), Wisconsin (10.2%) and Rhode Island (10.2%).
<< <i>WELL WHAT DO YOU EXPECT FROM THE PEOPLES REPUBLIK OF COMMIEFORNIA?--WHEN JACKASSES LIKE POS-LOSI, FEINSTEIN AND BOXER are the best that the state has as elected officaials what do you expect?.. the best thing is for the big eartquake to hit and destroy it like sodom and gommorah-- oh wait sodom- sanfrancisco and gommorah- LA.... >>
Wow... hoping for the destruction of California and the loss of some 40,000,000 people. Unvelievable. Maybe what you said was in jest, but as someone who lives in LA metro, I think it was in poor taste.
Respectfully,
rwhite
Oh gheez! This all started from my simple statement that Cali had the highest state income tax and the highest state sales tax, and I think my statement was proven in my post above. Case closed. Now, you want to talk about local income taxes, property taxes and effective overall tax burdens for retirees, well you're on your own. But don't forget your gas tax, your sin tax (cigs and alcohol), your death tax, doc stamps, tire tax, battery tax etc etc etc.
BTW, uh let's see, the previous eight years presented us with the alternative to "socialism". This is not what it is about now that we have somebody as president that may leave a few more scraps around for the average joe. If privatization and trickle down have failed so miserably, which the evidence of this hardhit economy so blatantly demonstrate I think this trick of labelling new approaches "socialism" is trying to redirect peoples' attention. If the mentioned cornerstones of Reaganomics has failed so bad, can we do worse? Or should we still keep doing what is best for GM in hopes that it somehow will get this country going down the right path?
Well, just Love coins, period.