California Voters Appear to Favor Higher Taxes for the Wealthy
It’s no secret that California has one of the highest tax rates in the country, especially when it comes to the wealthiest taxpayers. So it wasn’t much of a surprise when back in 2012 residents voted in favor of Prop. 30, which installed a temporary income tax hike on the wealthy. Now fast-forward to 2016 and that proposition is set to expire.
However, those affected by the tax may not being seeing tax any relief anytime soon. That’s because this year’s ballot includes a new proposition that aims to keep those increases in place. Proposition 55, which would extend the temporary income taxes for all those who make more than $250,000 annually, reportedly has the backing of a majority of the state’s voters.
According to a recent survey amongst more than 3,000 registered California voters, 65.3 percent of the participants said they are in favor of extending the tax hikes. Seventy-eight percent of democrats supports the proposition, while only 46 percent of republicans support it.
The study also found that in general most voters felt that their current level of taxation was too high, with republicans outnumbering democrats in that category 73 percent to 50 percent. Time will tell how this turns out, but if these numbers are an accurate indication then it looks like come November California’s wealthiest residents won’t have much to celebrate when it comes to taxes.
http://news.berkeley.edu/2016/08/16/new-poll-californians-back-extending-taxes-on-wealthy-upping-cigarette-tax/
Venture Capital – The First Meeting
Venture Capital – The First Meeting By Dr. Earl R. Smith II The Acceleration Lane I do a lot of work with companies seeking financing. Whether it is a first-round or follow-on, funding for further research and development or marketing and branding efforts, equity or debt financing, a start-up or mid-market company or financing to…
Venture Leasing – A Smarter Way To Build Enterprise Value
Venture Leasing – A Smarter Way To Build Enterprise Value By George Parker In 2003, venture capitalists and investors dispensed over $18 billion to promising young U.S. companies, according to VentureOne and Ernst & Young Quarterly Venture Capital Report. Less documented and reported is venture leasing’s activity and volume. This form of equipment financing contributes…
Understanding the Venture Capital Investor
Understanding the Venture Capital Investor By Gerard Brandon Promoting your Business to Venture Capital Investors is an attractive proposition. The investments are larger than you would get from friends, family and Angel Investors, and often they are more willing to invest in subsequent fund raising rounds. But Venture Capital investors are not always the easiest…
Defining the First Six Stages of a Business in the Venture Capital World
Defining the First Six Stages of a Business in the Venture Capital World Stage 1 Enterprise has no product revenue to date and limited expense history, and typically an incomplete management team with an idea, plan, and possibly some initial product development. Typically, seed capital or first-round financing is provided during this stage by friends…