California is facing a perfect storm in finances, with a crippling deficit and a declining tax base. Now, a study of IRS data by the National Taxpayers Union Foundation found that California is losing a taxpayer roughly every minute, as states like Florida, Texas, and North Carolina attract new residents due to lower taxes and higher standards of living.
In comparison, Florida gains a new taxpayer every 2 minutes and 9 seconds while Texas gains one every 2 minutes and 53 seconds.
The result has been a bonanza for Florida, which is now collecting $4 billion more per year for its budget.
The states losing taxpayers at the fastest rate are California, New York, and Illinois. Here is the rate of loss:
California: every 1 minute and 44 seconds
New York: every 2 minutes and 23 seconds
Illinois: every 6 minutes and 4 seconds.
Massachusetts: every 11 minutes and 38 seconds
New Jersey: every 14 minutes and 14 seconds.
These remain high-tax states where there are even greater demands for tax increases (particularly in Illinois, California, and New York) as well as new spending demands. In Illinois, Mayor Brandon Johnson is pushing for disastrous new taxes, while in New York, incoming Zohran Mamdani is demanding new taxes to fund his free buses and other campaign promises.
In Seattle, socialist Katie Wilson won the mayoral election on the promise of new “progressive taxes” to fund an assortment of programs.
In Oregon, as Democratic politicians run on the rise in the cost of living, they just approved a gas tax hike as part of $4 billion tax and charge increases. They may be hoping that the decline in gas costs this year will make the tax less noticeable, but some citizens are pushing to place it on the ballot for voters.
In these states and cities, the assumption is that wealthy people will remain as voluntary game in a type of fiscal canned hunt as politicians discuss new wealth and other forms of taxes. They are not. They are leaving with their wealth and their tax payments.
Unions continue to push for these new taxes as high-tax-paying residents leave these states. At the same time, California and Illinois continue to push their status as sanctuary states, increasing the public burden for schools, hospitals and other programs. As they increase spending and their tax base contracts, the outcome is obvious.
Again, take California. The state experienced a $9 billion decline in taxpayer funds during 2018. That number increased to $29 billion lost in 2020.
As I discuss in my forthcoming book, Rage and the Republic: The Unfinished Story of the American Revolution, there is a common myth that the top five percent of this country do not “pay their fair share.” However, putting that debate aside, the question is whether it will produce more revenue than it costs the state in the long run. As these politicians campaign on clipping the “fat cats” who are not paying their fair share, many are likely to follow the exodus to lower tax states with greater fiscal discipline.
There are many in states like Florida and Texas who worry that new residents from states like New York and California will replicate their prior voting patterns and produce the same disastrous policies in their new states. I just spoke in Boise, Idaho where many are complaining that Californians are moving to the state and adopting the same policies that produced the conditions that they just left behind. The fear is that the voters will not be willing to vote for conservatives or libertarians and simply move like a liberal diaspora from state to state as they reproduce prior tax and fiscal policies.
Time will tell. However, what is clear is that Democratic states are not showing any greater fiscal discipline as they careen toward budget meltdowns.
California outproduces all 49 other states, and has produced tremendous wealth. Kids who grew up in middle class homes took risks, worked long hours, and are now multi-millionaires living in mansions, using private jets for travel, and watching their wealth grow.
All this extreme dichotomization of capitalism vs. gsocialism misses the big picture: we live in a hybrid economy that combines these two seemingly contradictory economic theories. It’s all about maintaining a fine-tuned balance, not rejecting one or the other. Is that balance out of kilter in CA? Yes, it’s veered too far in the direction of a nanny state when a homeowner with access to tools and YouTube cannot purchase and install his own gas water heater. It’s undermined incentives to work legally by shoveling out some $20-30B in unemployment insurance fraud payments. It’s allowed legislators to violate the Prop 209 section of the State Constitution (which forbids racial discrimination in education) by mandating ethnic studies elevating 4 racial groups above all the hundred others.
These require correction, not revolution, and not abandonment. The voters of CA are quite capable of these corrections. If the Repub Party puts up a great mainstream candidate in 2028 (e.g., Sherriff Bianco or Kevin McCarthy), winning the governorship (and veto power) is possible. We are the state that elected Ronald Reagan, George Deukmejian, Pete Wilson, and Arnold Schwartzenegger. We have Prop 13 protecting property taxes, and Prop 209 protecting equal opportunity. Our University system is the envy of the globe, and the engine of the tech industries that are the hub of the world’s software and entertainment industries. The Kaiser HMO system is the best health care per $ in the nation.
There is so much ingratitude these days….too many people are building their lives around grievances and simply ignoring the good. If those are the ones moving out of state, take your neurosis with you and don’t slam the door.
ppinca tried this California outproduces all 49 other states, and has produced tremendous wealth.
California in the factual world doesn’t even make the list of the top three states of GDP per capita. And it would be far further down the list of states if all their millions of their criminal Illegal Alien welcome guests who are “hiding in the shadows” while lining up waving Mexican flags to riot and illegally collecting American taxpayer benefits and entitlements were counted.
But then you moved on to claiming we need a balance of free market economy running on freedom and liberty and communism economy provided by Democrats like Newsom, Obama, et al. A convoluted mixture of lies and psychobabble.
Now that you’ve resurfaced pbinca… let’s return to your recent post where you said that young American citizens should be stripped of their Second Amendment rights. And that the 2020 Big Lie was anyone who dared to deny what Biden said: that it was the most transparent and fair election in history.
Your move.
pbinca says:California outproduces all 49 other states, and has produced tremendous wealth.
To quote famed American economist Dr. Thomas Sowell: “Never trust a communist who wants to tell you A story – instead of the WHOLE story”.
California is falling behind even as US jobs rebound
https://nypost.com/2025/11/23/opinion/jobs-soar-but-california-slumps/
State finances are suffering, facing a deficit of $18 billion — the fourth straight year in the red. It may hit $35 billion two years from now in 2028.
The Golden State has had the nation’s highest unemployment rate for several months running. Cali also leads the nation in inflation, with prices rising a whopping 4.0% in San Diego.
Several Cali metro areas also suffered annual job losses — including San Francisco, despite its supposed AI-driven revival.
The nonpartisan state Legislative Analyst’s Office said this week: “California businesses have pared back hiring, resulting in no payroll job growth in the state so far this year.”
And a Public Policy Institute of California survey found that more than eight in ten adults call the lack of well-paying jobs a “big problem” (28%) or “somewhat of a problem” (58%).
Any employer in California can tell you why it’s almost impossible to create jobs in the state.
Rouben Gregorian of El Segundo-based Charter Space, a venture-backed space fintech company, says that while tech companies still launch in California, many leave as soon as they grow beyond the startup phase.
“The problems are high taxes, heavy regulations, and the sheer cost of real estate,” he says, noting that other states have a far more welcoming approach toward growing companies.
These problems didn’t start with Newsom.
Dr. Thomas Sowell is a hack. The proof of the understanding of an economy is whether the person is wealthy by leveraging their insights into how the economy will respond by investing in it. Is Dr. Thomas Sowell a billionaire? If not he, like most other economists, is talking out of his ….
An opinion piece in the New York Post sky-is-falling-because-Liberals rag owned by Rupert Murdoch and his misinformation machine?
Why the simultaneous complaining about how crowded and expensive California is and then suggesting that the solution is making it less expensive which will make it more crowded?
Dr. Thomas Sowell is a hack. Just about what we expected one of today’s racist Kluxxer commie Democrats would inevitably say. Marx and his work as God – Sowell as a hack.
A racist commie Democrat who screamed in excitement when then Senator Biden told Americans that in his 40+ years in Washington DC, he never met a single decent, clean, well spoken black American until he finally met a mulatto communist named Barack Obama. A communist who threw away his entire previous life of Half White Privilege to run as a po’ black chil’ from the projects with Bribery Joe Biden as running mate to serve as his beard/VP.
Says a person who doesn’t understand GDP. It includes state spending (from those all those high taxes) and the FMV of exports (regardless of where in the US they were made). It’s also on a total-population economic basis which inflated/deflates with population. Normalize it to per-capita and take all the government spending and port-assigned GDP those out and it’s not any better than North Dakota or Nebraska.
Says a person who doesn’t understand GDP.
Says a person who disagrees with anyone telling pbinca that by GDP, California doesn’t even make the list of top three states by GDP.?
moseszd says: Says a person who doesn’t understand GDP.
I don’t really feel like polluting my evening by intellectually clubbing a flexing and strutting fluffer trying to make themselves important. When I pointed out that pbinca was full of the worst grade of California BullSchiff about her state of Kalifornia, I didn’t bother going through the song and dance that you just did above in hopes somebody would notice you.
I just went straight to the U.S. Bureau of Economic Analysis website – and in particular the page with tables listing states by their GDP.
Gross Domestic Product by State
https://www.bea.gov/data/gdp/gdp-state
Then I simply told pbinca she got caught lying again with her claim that California was the tops, and it didn’t even make the top three.
Now go ahead – stick some more feathers up your ass and give us another one of your whirling gandy dances, fool.
If the Repub Party puts up a great mainstream candidate in 2028 (e.g., Sherriff Bianco or Kevin McCarthy), winning the governorship (and veto power) is possible. We are the state that elected Ronald Reagan, George Deukmejian, Pete Wilson, and Arnold Schwartzenegger.
====
LOL…Bianco?!?!…Hahahaha. No Chance. Zero…..McCarthy?!?!?!… Hahaha again. 1% chance, on a good day. Ronnie Raygun, elected over 60 years ago. Duekmejian, elected over 40 years ago, and raised regressive taxes on college students. Arnold, elected over 20 years ago and he is as much Dem as a Repug. No, there will not be anyone in CA that is elected who is is not a Dem. Have not had a SINGLE republican elected to ANY OFFICE in CA is what, 25 years?????
Nothing will change in California until election fraud is addressed. Our votes count for nothing! I’m not willing to hang on to see what happens. I’ll be leaving my birth state next spring.
Apologist, much?
A previous citizen of California is ruining a common sense state every minute. You voted for it, you got what you voted for, please stay there and enjoy the consequences of what you voted for, we don’t need you voting in our state.
“In these states and cities, the assumption is that wealthy people will remain as voluntary game in a type of fiscal canned hunt as politicians discuss new wealth and other forms of taxes. They are not. They are leaving with their wealth and their tax payments.”
United we stand. Divided we fall. Want to make your state a free-loader’s paradise while the infrastructure crumbles and the lower classes are stuck with the bill? Just say “no tax on income over $10M” and that will magically occur. It can look like Mexico city where the wealthy live behind 10 foot walls topped with razor wire while the rest of the population lives in cardboard and tin plate huts. It will take a while to get to South Africa style living, but that’s the direction.
Pick a lane. Either you want a lot more Democrats voting from California by decreasing the departures or you want them to leave California because it’s a Democratic nightmare for conservatives.
There is no reason for California to particularly care and it’s not clear why anyone in D.C. or NOVA cares about California populations.
Those disastrous policies have made California the 4th largest economy in the world. They have cut the excess deaths from air pollution and have lead to a massive increase in fuel economy. A lot of problems are because California is successful and has some areas with very decent weather. If California can turn that migration around, well, isn’t that what Trump is doing with his goons in ICE?
Florida, that paragon of conservatism, is finding itself in a conservative created problem of uninsurable housing.
Texas lets people build fun camps for children in flood plains that are susceptible to massive flooding, killing them by the hundred. The conservative, hands-off attitude saw people die because, surrounded by natural gas wells, Texas ERCOT didn’t require gas producers to put heaters on them so they would stay ice free when freezing weather hit. Instead they allowed predatory contracts to be let allowing the electrical companies, dependent on the suddenly curtailed supply of gas, to float the rates up to $12000 per MW-hour; normally it would be about $500 per MW-hr, all because the fuel that was burned was choked off in ice filled supply lines.
Gigi if you think business killing commie policies are what made Cali’s economy so large you’re even more delusional tonight than usual!
Calif also has the largest retirement debt too.
If you haven’t noticed. The state is broke.
It’s because there is so much money sent from California to bail out the Red states with Federal grants.
Newsom just spent $280 million to put 5 more Democrats in the House of Representatives next year. Probably the largest donation to the DCCC in history, and all at taxpayer expense.
“. . . a massive increase in fuel economy.”
I think what you mean is a massive increase in the cost of fuel — with CA at $4.60/gl, vs the national average of $3.07/gl.
Imagine a state with a giant highway system needing higher fuel taxes to pay for their upkeep. Shocking.
“. . . to pay for their upkeep.”
You do not understand economy of scale. (Ask Walmart.) You do not understand the exorbitant cost of CA’s gas regulations (some $0.60/gl). And you are blind to the insane costs of CA’s public transportation boondoggles, e.g., a rapid train going nowhere.
There is no reason for California to particularly care and it’s not clear why anyone in D.C. or NOVA cares about California populations.
What a cute little Democrat lie you have there this morning! Nobody in DC cares about California – except for all the massive carve-outs DC provides for California’s Marxist economy and policies. Not to mention the massive amount of federal taxpayer dollars Biden flooded into California in order for them to be able to pay all the city and state debt in order to avoid bankruptcy.
They have cut the excess deaths from air pollution and have lead to a massive increase in fuel economy.
Well, it is true that people in D.C. provided them with carve-outs regarding legislation to allow them to attempt that.
However, it is amusing to hear claims that California’s claims about excess deaths from pollution both made the air respect their state boundaries and stay away from towns like Wolf Point Montana before they saved the world with their air quality genius regulations. And how air quality problems in their coastal hellhole cities due to city planning incompetence should suddenly be a problem for the rest of the country to particularly care about and bend the knee to help them with. You sure California doesn’t particularly care what the rest of the country gives them in leeway and helps them with.
Is this a disguised plea for more billions in federal money to be given to Governor Newsom to continue work on his Train To Nowhere?
Turley lives in either NOVA or D.C. and he clearly has a significant interest.
California is a net source of Federal dollars.
I recall walking out into the D.C. orange fog of midsummer temperature inversions, something that doesn’t happen anymore since California worked on reducing NOx emissions. Also, I recall the mid-day dimming of the sun in Ohio from the coal stack emissions; clouds can be dark, but they don’t have that tint to them. Plus setting an Ohio river on fire – twice. So much for coastal failed planning, however that would in any way change America’s love of cars.
In 2023, Californians paid $17 billion more to the IRS, than the state got back.
Considering the feds spent $6.2 trillion that year — an amount equal to the total combined wealth of America’s 801 billionaires — Californians contributed 0.2% of all federal spending. Basically mouse gonads.
There is no reason for California to particularly care and it’s not clear why anyone in D.C. or NOVA cares about California populations. Those disastrous policies have made California the 4th largest economy in the world.
California is falling behind even as US jobs rebound
https://nypost.com/2025/11/23/opinion/jobs-soar-but-california-slumps/
State finances are suffering, facing a deficit of $18 billion — the fourth straight year in the red. It may hit $35 billion two years from now in 2028.
The Golden State has had the nation’s highest unemployment rate for several months running. Cali also leads the nation in inflation, with prices rising a whopping 4.0% in San Diego.
Several Cali metro areas also suffered annual job losses — including San Francisco, despite its supposed AI-driven revival.
The nonpartisan state Legislative Analyst’s Office said this week: “California businesses have pared back hiring, resulting in no payroll job growth in the state so far this year.”
And a Public Policy Institute of California survey found that more than eight in ten adults call the lack of well-paying jobs a “big problem” (28%) or “somewhat of a problem” (58%).
Any employer in California can tell you why it’s almost impossible to create jobs in the state.
Rouben Gregorian of El Segundo-based Charter Space, a venture-backed space fintech company, says that while tech companies still launch in California, many leave as soon as they grow beyond the startup phase.
“The problems are high taxes, heavy regulations, and the sheer cost of real estate,” he says, noting that other states have a far more welcoming approach toward growing companies.
These problems didn’t start with Newsom.
Not really. That you think so based on your shallow understanding of GDP only shows you don’t get it. The truth is that CA’s economy is vastly overrated because PEOPLE LIKE YOU DON’T UNDERSTAND IT.
Per capita, once you adjust for CA’s massive government spending, the inflated cost-basis of everything and exports assigned to the ports (not the states in which they’re produced) they don’t do any better than North Dakota, or Nebraska for that matter.
Once you normalize it to population, actual production and government spending, it’s just BIG, OVER-PRICED nightmare. Let’s face it, if CA spends 2x per-capita than Oklahoma, they get GDP boost even though they don’t actually do anymore for thier citizens. The real issue it they spend 2X more because it costs 2X more to do anything. Even for the consumer. When a Californian pays $10 for a Big Mac, they get a 2x GDP boost over the $5 Arkansas Big Mac.
You figure none of this in because you just don’t get it.
MosesZD says: Not really. That you think so based on your shallow understanding of GDP only shows you don’t get it.
You’re just here in a desperate search for self-gratification by hoping you can pass yourself off as the next Milton Friedman.
Let’s make it simple for you while you struggle with corralling that undeveloped prefrontal cortex of yours. Here’s your choices:
1. pbinca is right in saying that California has the highest GDP for all American states.
2. pbinca is wrong, and in fact California can’t even break into the Top Three.
There you go: can’t make it any more simple for you to deal with (without allowing you to squirm and slide around into a deflection self-aggrandization vaudeville theater) than giving you a binary choice.
Door #1 or Door #2?
Neither. Don’t slam the door on your way out.
It’s a Democrat Marxist Useless Idiot. Can’t deal with any binary question, especially when asked if it’s male or female. If only your Mommy had stuck with just hitting ya where the good Lord hit ya.
moseszd says: Not really. That you think so based on your shallow understanding of GDP only shows you don’t get it.
I don’t really feel like polluting my evening by intellectually clubbing a flexing and strutting fluffer like you, trying to make themselves important. When I pointed out that pbinca was full of the worst grade of California BullSchiff about her state of Kalifornia, I didn’t bother going through the song and dance that you just did above in hopes somebody would notice you.
I just went straight to the U.S. Bureau of Economic Analysis website – and in particular the page with tables listing states by their GDP.
Gross Domestic Product by State
https://www.bea.gov/data/gdp/gdp-state
Then I simply told pbinca she got caught lying again with her claim that California was the tops, and it didn’t even make the top three.
Now go ahead – stick some more feathers up your ass and give us another one of your whirling gandy dances, fool.
Texas Public Radio repeated NWS flood warnings for the Texas Hill Country the afternoon before. I guess rural residents don’t actually listen to NPR after all.
Be quiet, piggy.
That’ll do, piggy.
SOROS FAMILY FOUNDATIONS
The Open Society Foundations (OSF) is George Soros’ main foundation and central hub of the Soros network. OSF was founded in 1993 as a center-left think tank called the Open Society Institute (OSI), which remains its formal name, though its scope has since expanded to include general grantmaking to other left-wing nonprofits. In 2021, OSF reported revenues of $988 million and expenditures of $556 million (including grants of $325 million). OSF is the second-largest of Soros’ foundations, with 2021 assets of $5.1 billion. 9
The Foundation to Promote Open Society (FPOS) is the largest of Soros’ foundations, with 2021 assets of $11.5 billion, revenues of $2.1 billion, and expenditures of $2.4 billion (including grants to other nonprofits totaling $2.4 billion). 10 FPOS was endowed in 2008-2009 with over $1 billion from OSF (then Soros’ primary foundation); it’s since become the largest grantmaking organization in the Soros network and has disbursed billions of dollars to numerous center-left and far-left nonprofits including Media Matters for America, the League of Women Voters, Natural Resources Defense Council (NDRC), and UnidosUS (formerly the National Council for La Raza).
https://www.influencewatch.org/organization/soros-network-open-society-network/
Explosive report claims a network of charities connected to George Soros funneled $40M to support Zohran Mamdani’s political rise in tax-dodging scheme
31 October 2025
https://www.dailymail.co.uk/news/article-15240093/Claim-Soros-charities-funneled-40m-support-Mamdani-rise-tax-scheme.html
How Soros Tax-Exempt Syndicate Laundered Charitable Donations Into Political Support and Ground Operations for Mamdani
October 28, 2025 /
https://whitecollarfraud.com/2025/10/28/how-soros-tax-exempt-syndicate-laundered-charitable-donations-into-political-support-and-ground-operations-for-mamdani/
A FRAUD SPECIALIST OUTLINES GEORGE SOROS’S MULTI-MILLION PIPELINE BEHIND FRAUDULENT CANDIDATE DONATIONS
August 28, 2025
“THE BASIC SCHEME: George Soros donates to his Foundation to Promote Open Society (501c3) – tax deductible → $8.4M flows to Tides Foundation (501c3) → $29.3M flows to Tides Advocacy (501c4) for “political advocacy” → Coordinates with Working Families Organization supporting candidates like Mamdani
THE SMOKING GUN – REVERSE FLOWS: After receiving $9.71M from the Soros pipeline, Working Families Organization sent $325,000 BACK to Tides entities. Independent charities don’t do this. It’s mathematical proof of coordination.
SYSTEMATIC CONCEALMENT: Tides Advocacy (501c4) lists Janiece Evans-Page as Director, while she simultaneously serves as CEO of both Tides Foundation (501c3) and Tides Center (501c3), yet Tides Advocacy filed NO disclosure forms for 5+ years while receiving $29.3M.
https://joehoft.com/a-fraud-specialist-outlines-george-soross-multi-million-pipeline-behind-fraudulent-candidate-donations/
Are Soros ‘Philanthropies’ Violating Tax Law?
Sep 8, 2025
As a nonprofit philanthropy, the Open Society Foundations is required by law to operate within clear boundaries to keep its tax-exempt status. Like any nonprofit, it cannot use funds for purposes that run contrary to its stated mission, especially if those purposes are illegal. The George Soros-founded and funded operation has given indications of doing both, and on a grand scale. The case for the Internal Revenue Service to revoke its tax-exemption is compelling. Some members of Congress, along with the Treasury Department, believe the time for action is now.
https://nlpc.org/uncategorized/are-soros-philanthropies-violating-tax-law/
“California democrat Policies Are Chasing Away” Thousands Of Citizens Annually” (there, I FIFY)
In 2017:
Soros Pours Billions Into Foundations as Tax Deadline Looms
October 18, 2017
Soros, founder of $26 billion Soros Fund Management, has transferred almost $18 billion to his Open Society Foundations over the past several years, according to a foundation official.
Tax experts have estimated that collectively managers have at least $100 billion offshore, based on tax-advisers’ conversations with clients, brokers and fund-service providers. A New York-based money manager such as Soros could be subject to a top federal income tax rate of 39.6 percent, plus state and city levies.
When Congress eliminated the tax break in 2008, it gave hedge fund managers until Dec. 31, 2017 to bring the cash home and pay the accumulated taxes.
At the end of 2013, Soros, 87, had amassed $13.3 billion in his Soros Fund Management through the use of deferrals, according to Irish regulatory filings. It’s unclear how much more that pool of money has grown since then. The sum of the total transfer to date was reported earlier Tuesday by the The Wall Street Journal.
https://www.wealthmanagement.com/high-net-worth/soros-pours-billions-into-foundations-as-tax-deadline-looms
3 years later:
George Soros May Owe Billions In Taxes
Dec 16, 2020 at 04:22am
George Soros knows his way around a hedge fund. The billionaire, who ranks at #29 on Forbes’ list of billionaires (#19 in the United States) has an estimated net worth of $24.2 billion – built largely on Soros’ success with hedge fund management. That number may be about to get a little bit smaller.
Unlike mutual funds, hedge funds are not currently regulated by the U.S. Securities and Exchange Commission (SEC) (though there are reporting and other requirements).
An exemption (since tightened by IRS) existed for companies subject to tax in another jurisdiction so Soros incorporated a new company in tax-favored Ireland (our favorite offshore whipping boy of late) a week before the law was signed – and he transferred the deferred fees to the new company. Since the company was subject to tax in Ireland, the company paid just $962 in tax in Ireland on $3,851 of net income through 2013 (this from Irish regulatory findings as reported by Bloomberg ). The rest of the 7.2 billion of operating income was allocated to investor
In 2014, Soros shut the company down and moved those deferred fees to another company in the tax-favored Caymans. (Sensing a pattern here?)
By the time the new company in the Caymans was set up, Soros had reportedly deferred $13.3 billion in fees. If tax on those fees actually does come due in 2017, as it should by statute, Soros’ tax bill would hit nearly $7 billion. That’s assuming a top marginal rate of 39.6% + that pesky 3.8% net income investment tax (NIIT) + state and local taxes. Of course, that’s also assuming all of the deferred fees hit the U.S. at the same time without further reductions.
But who are we kidding? Despite Soros’ loud contentions that the rich should pay their “fair” share, it’s clear that he has a definite idea of what’s fair and it doesn’t include paying taxes conventionally.
https://www.forbes.com/sites/kellyphillipserb/2015/05/01/geoge-soros-may-owe-billions-in-taxes/
Trump wants to drill off Florida, I say sure, first oil rig 3 miles straight out from Mar a Schmucko.
Trump would probably admire the view. Energy is being produced and money is being made.
You may wish to loosen-up that mask a little bit.
Three miles out. You would not see it.
By ‘putting it aside, Turley doesn’t care to address the fact that the top five percent do not pay their fair share.
That top five percent are paying FAR MORE than their fair share. Doing so to cover up the shortfall due to the Democrats’ Free-Stuff-For-Us identity politics communist parasites NOT paying their fair share.
But at least amuse us if you aren’t able to school us:
What percentage of all income taxes collected is paid by that top five percent right now?
And after you’ve told us that, then you can tell us what you would consider to be them finally paying their fair share.
(spoiler alert!)
Who pays the most income tax?
https://usafacts.org/articles/who-pays-the-most-income-tax/
In 2022, the top 5% of earners collectively paid over $1.3 trillion in income taxes, or about 61% of the national total.
In our community in TN, 20% of the lots/homes are owned by refugees from CA, 10% from IL, and nearly another 10% from NY. Fewer that 10% are in-state moves by Tennesseans.
Capital is mobile. Dims understand less about economics every day.
The left pushes tax and regulation limits to the point of financial collapse, and irresponsibly place blame on insufficient amounts of “other-people’s-money.” Your comment is perfect!
Every constitution, state and federal, should have a balanced budget amendment that requires a balanced budget every year. Some states already do, and the federal constitution should as well.
Juristocracy!
https://media.townhall.com/cdn/hodl/cartoons/MC-Branches-112125-thm-800×0.jpg
https://media.townhall.com/cdn/hodl/cartoons/MC-Branches-112125-thm-800×0.jpg