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Old 03-05-2013, 04:22 PM   #9

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Originally Posted by Blart View Post
Oh man, higher taxes. Imagine that, rich americans investing in america?!?! Look what those evil tax increases have wrought upon California:
Anything Krugman says usually has a 30 day expiration date.,1532584.story

The report says the extra money was "likely the result of major tax law changes at the federal and state level having a significant impact in the timing of revenue receipts."

That is: Taxpayers were paying a share of their bill early, getting income off their books in the hope of limiting exposure to the tax hikes that recently kicked in.

The administration was expecting that money to arrive in April. Now, officials are saying it won't, and that just as January's receipts soared, they'll be offset by a spring plunge.
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