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  • Teachers union calling for tax hike on top 1 percent of earners

    As Democrats scramble to find a new budget course after talks collapsed this week, the California Federation of Teachers is calling for a 1 percent tax hike on the top 1 percent of earners as part of a state budget solution.

    The union estimates the tax hike would raise an estimated $2.5 billion as the state faces a remaining $15.4 billion deficit, said spokesman Steve Hopcraft. The proposal would hike taxes by 1 percent on personal income above $500,000. CFT represents 120,000 teachers and school employees at all levels, including the University of California.

    To back its efforts, CFT commissioned research by private pollster Ben Tulchin which shows 78 percent of voters strongly or somewhat support such an income tax hike. Respondents were asked whether they would back that idea "in order to balance the budget and prevent deeper cuts to services."

    It's highly unlikely such a proposal would gain the necessary two-thirds vote of the Legislature, as Republicans and leading business groups have opposed targeted tax hikes. But Democrats could attempt to place it on a future ballot with a majority vote or labor unions could gather signatures for an initiative.

    Asked whether CFT would pursue an initiative, Hopcraft said, "We are not making that announcement today, however we have a history of participating with other like-minded advocates in ballot measure campaigns. Today at this point we are calling for it to be part of the package."

    According to the Franchise Tax Board, the top 1 percent of earners provided 42.8 percent of California personal income tax revenues in 2008. Critics have warned that targeting high income earners has made California's tax system too volatile, as the Wall Street Journal wrote Saturday.



    Read more: http://blogs.sacbee.com/capitolalert...#ixzz1IEzCf3qk
    Facts do not cease to exist because they are ignored. -- Aldous Huxley
    Two things are infinite: the universe and human stupidity. -- Albert Einstein

  • #2
    Wow. that would be AWESOME if all the folks making 500k left and moved to say....TEXAS!

    Then what?
    Originally posted by crass cop
    Just do it in front of a camera and try not to get a boner and you shoudl be fine.

    Comment


    • #3
      Originally posted by LaPlaca View Post
      Wow. that would be AWESOME if all the folks making 500k left and moved to say....TEXAS!

      Then what?
      Although you are probably joking, the reality is that many high-income individuals have the ability to change their domiciles to states that are more tax friendly, and to write their employment contracts in ways that reduce the amount earned in California or defer receipt of compensation until they move to another state. There are several states with no income tax.

      And, although California always seems to want to punish the wealthy (who must be terrible drains on California's economy), other states inexplicably seem delighted to have them.
      Facts do not cease to exist because they are ignored. -- Aldous Huxley
      Two things are infinite: the universe and human stupidity. -- Albert Einstein

      Comment


      • #4
        It's such a bizarre idea; bring rich people to your state, they buy things (and pay sales tax), homes (and pay property tax), and in all likelihood continue doing the things that made them rich to begin with (and create jobs). Or over-tax rich people and watch as they find every way to avoid paying those taxes.
        Originally Posted by Law100
        Note to everyone: notice how respect I am

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        • #5
          I would rather reform prop 13, but I'll vote for this over losing my fire engine and beat cop.

          Comment


          • #6
            They should increase the tax on the top one percent of earners employed by the school district.

            Comment


            • #7
              Originally posted by nobodyjr View Post
              I would rather reform prop 13, but I'll vote for this over losing my fire engine and beat cop.
              I guess that Democrats assume that California is such a wonderful place to live that high-income individuals won't leave (or restructure their financial affairs) to avoid taxes, whereas Republicans assume that teachers, police and firemen would still be willing to work if they receive less compensation.

              Regardless of what is done with taxes at the state level, I think we will see lower compensation for public safety employees and other government employees at the local level. It already has begun.
              Facts do not cease to exist because they are ignored. -- Aldous Huxley
              Two things are infinite: the universe and human stupidity. -- Albert Einstein

              Comment


              • #8
                Originally posted by X1X1X1 View Post
                They should increase the tax on the top one percent of earners employed by the school district.
                And we have a WINNER!!
                sigpic
                Originally posted by Smurfette
                Lord have mercy. You're about as slick as the business side of duct tape.
                Originally posted by DAL
                You are without doubt a void surrounded by a sphincter muscle.

                Comment


                • #9
                  How about a proviso in the bill requiring teachers to take pay cuts, so as to ensure that the money goes to facilities improvements, buying new textbooks, and hiring more teachers?
                  Facts do not cease to exist because they are ignored. -- Aldous Huxley
                  Two things are infinite: the universe and human stupidity. -- Albert Einstein

                  Comment


                  • #10
                    How about when they actually get more than 70% to graduate high school, THEN maybe we will talk about giving them more money to waste?
                    The posts on this forum by this poster are of his personal opinion, and his personal opinion alone

                    "Politicians are like diapers. They need to be changed often and for the same reason"

                    "We fight not for glory; nor for wealth; nor honor, but only and alone we fight for freedom, which no good man surrenders but with his life"

                    Comment


                    • #11
                      "slave mentalities"...

                      Originally posted by nobodyjr View Post
                      I would rather reform prop 13, but I'll vote for this over losing my fire engine and beat cop.
                      "Nobody"-reform prop 13 and you'd get old folks in south central L.A. as well as upper middle class folks in OC, and on top of the hill in Palos Verdes all in agreement to HANG you in the public street!!!

                      Sorry DAL and angry texas opop kicker "La Placa", SCREW THE UBER RICH- they, like the poor, RARELY pay their fair share of the taxes, yet get all the luxuries of working class and shrinking middle class folks paying the lions share- very few super rich call Westec security when someone steals their stuff- they call the lowly flatfoot from teh local PD,l then WHINE about why "they" weren't better protected- OOH BOO HOO to "da RICH", sorry they can AFFORD to pay MORE- so make 'em!!! When I see the rich giving a damn and actually doing everything they can NOT to dodge taxes, maybe i'll change my mind- its amazing how many here, some living paycheck to paycheck, actually feel SORRY for the top 10 %, ask how many of them give a rat's patooty if you are making your tax burdens.........

                      If thats nasty old "socialism", sign me the HELL up. As for those who want to see them come to your state? what makes you THINK they are gonna' spread the wealth ? Wealthy folsk GOT wealthy with shrwed invesments, ruthless determination, and for some- down right GREED and cheating- you'll still be poor, only in those "friendly" states, the wealthy will get away with payinfg even LESS taxes, and will consume and TAKE more...
                      "we're americans ! We don't quit because we're wrong, we just keep doing it wrong UNTIL it turns out Right"...

                      Comment


                      • #12
                        Originally posted by LA DEP View Post
                        How about when they actually get more than 70% to graduate high school, THEN maybe we will talk about giving them more money to waste?
                        Got family who work LAUSD and are sick of it- one is prepp'ing herself to take the CA. Bar and walk away form teaching, the other is waiting or a call back to work a private catholic college locally. Its not oftent he teachers, but the administration- kill the evil head of the beast- you kill the "problem". couple that with semi literate parents, and general neglect, you and I have to be happy the teachers work as basic JAILERS with dictionaries, so we don't have to........
                        "we're americans ! We don't quit because we're wrong, we just keep doing it wrong UNTIL it turns out Right"...

                        Comment


                        • #13
                          Originally posted by FJDave View Post
                          And we have a WINNER!!
                          Somebody figured it out- School superintendants driving around with BULLET proofed limos???......get real...
                          "we're americans ! We don't quit because we're wrong, we just keep doing it wrong UNTIL it turns out Right"...

                          Comment


                          • #14
                            Originally posted by LA DEP View Post
                            How about when they actually get more than 70% to graduate high school, THEN maybe we will talk about giving them more money to waste?
                            In that case all police officers should only receive raises when the crime rates drop. If they increase take it away.
                            Disclaimer: The writer does not represent any organization, employer, entity or other individual. The views expressed are those only of the writer. In the case of a sarcastic, facetious, nonsensical, stirring-the-pot, controversial or devil's advocate-type post, the views expressed may not even reflect those of the writer [This sig stolen from Brickcop who stole it from Frank Booth].

                            Comment


                            • #15
                              Originally posted by DOAcop38 View Post
                              SCREW THE UBER RICH- they, like the poor, RARELY pay their fair share of the taxes, yet get all the luxuries of working class and shrinking middle class folks paying the lions share- very few super rich call Westec security when someone steals their stuff- they call the lowly flatfoot from teh local PD
                              Come on DOA, you can't really believe that BS! You must have been brainwashed by the LA Times.

                              Who calls the po'lice the most because they are victimized the most? The poor folks who pay no property taxes or income taxes.

                              Who pays the most property taxes? The wealthy?

                              Who pays 42.8% of the California income taxes? The top one percent of all income earners.

                              Who uses the public schools? Not the wealthy.

                              Who gets free medical care? Not the wealthy.

                              Are the rich a drain on our economy? I don't think so. Do you?

                              Tell me, what is a fair share? How many people should one wealthy person support?
                              Last edited by DAL; 04-01-2011, 09:07 PM.
                              Facts do not cease to exist because they are ignored. -- Aldous Huxley
                              Two things are infinite: the universe and human stupidity. -- Albert Einstein

                              Comment

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