The kids are likely to get stuck with a version of ObamaCare taxes in California. But, the kids been there done that, and they don't want a second bout of voter's regret, it will destroy them financially.
So, the smart kids should take the lead, and make sure there is insurance sharing if expenses suddenly jump,. a stop loss mechanism to protect the millennial budget. This is the case for the coming tax battles, and they will be long ten to fifteen year battles, protect the millennial budget early, avoid a second bout of voters regret.
California tax numbers
I see about a five percent tax increase to meet current obligations, taxes in the works from local sales taxes, GavinCare taxes, and other consumer taxes. Hard to avoid those, but hard to pay them in the inner city. It leaves Gavin and the rest of the USA with little wriggle room on taxes. California has no tax surplus anymore.
This is also the second millennial go around on California income taxes and federal tax negotiations, this been done with Obama and Jerry. Another been there done that, and the kids need to minimize the volatility of sudden tax changes. There will be another tax and sequester, get ready for that.
This is the millennials' first go around on prop 13, they will likely screw that up. The kids need to say: 'Set aside a reserve for my future voter's regret over prop 13'.
No comments:
Post a Comment