Tuesday, February 12, 2008

Is Villaraigosa Trying To Create A New Citywide Personal Income Tax?

RUMOR PATROL: No, this isn't about a fashion designing mayor appointee...here's a comment that almost went un-noticed by ZD:

Anonymous said: Zuma Dogg some lawyers and accountants on the third floor are working on a city personal income tax. February 12, 2008 11:09 AM

Not that ZD is one to jump on a random comment, however, I was tipped to this, last fall -- and someone sent me some memos from the past, that predicted this was yet to come -- so this comment is probably in response to those postings. SO TO CLARIFY...With Villaraigosa facing a $600-$700 budget deficit, even with Prop S money -- and dropping property values, means less property taxes for the City -- they are going to have to come up with new and creative revenue streams, like a City Personal Income Tax. (Why not just make a blanket tax where the City will allow you to keep 20% of your money, and they take the rest.)

CAPTAIN JACK MESSAGE IN A BOTTLE:
Since Mayor Sam blogger Cpt Jack Sparrow tipped ZD's ski cap to this "personal income tax", along with Mayor Sam who also blogged about this, here's an update he just posted with some other new and creative revenue streams on the way:

Captain Jack Sparrow said, "As we understand it, the prevailing sentiment amongst the sots is that since two (puts up two fingers) tax measures have been whisked onto the ballot and handily approved by a rather stupid public-at-large, why not ram as many possible taxes through as one can before someone's good will and another someone's political connections finally run out. Expect to see many new and unusual taxes such as a public school student tax (i.e., if your child attends LAUSD, you pay a head tax), a tax on your overdue library materials fine, a tax on getting a license for your pooch (and soon your pussy) and others to spring forth from that brain trust known as the Clowncil, savvy?

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