Taxes and Penalties

New York which has one of the highest Tax rates alon with California has a new way to compel you to pay their high taxes.


"New York is known as an aggressive state when it comes to tax collection. And it's about to get tougher still.

The state is creating a driver's license suspension program aimed at those who owe at least $10,000 in back taxes and who have exhausted all appeals."

Now New York  is waiting until all other options and appeals have been exhausted, however other states with lower taxes have shown higher tax receipts with those lower taxes.

And in California, they are going back on on their own legislation as I understand it.


"CBS Sacramento reports the state promised the tax breaks for opening certain kinds of businesses five years ago, but a court ruled the practice unconstitutional in December.

Now, the California Franchise Tax Board wants their money. The station reports an estimated 2,000 small businesses will be forced to pay up their retroactive taxes, totaling as much as $120 million. Some businesses will face a bill of as much as $200,000."

And New York and California wonder why they are losing businesses other than their insane anti-business laws.