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State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress

 
Anonymous Coward
User ID: 687755
United States
03/09/2010 12:57 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
Are you fucking nuts?? How can you justify taking 20% from a retired worker on a pension who worked their whole life to be able to afford to retire? These people can't say" oh, darn you cut my pension by 20% ..I guess I'll just go out & work at a different company for the next 20 years so I can have a different retirement plan." Get A GRIP dumbass...think before you start spouting off such stupid bullshit.

wtf

fuckoff2

dumbass

The government allowed Wall Street to steal 100 percent of many people's retirerment. I didn't see you government assholes cry about that. So you want us to cry about you losing 20 percent? Lose 20 percent when you government workers allowed the criminals to steal our money? Maybe you government workers should have did a better job....did what you were paid to do. even to this day no one in the government has been charged with not doing their jobs and regulate Wall Street. You failed and should not be rewarded for complete and total failure. Instead of worrying about losing 20 percent of your retirerment a lot of you should be glad you are not in prison.


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 Quoting: Anonymous Coward 909504

clappa

I agree with the prison statement and it aint over yet.
Anonymous Coward
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United States
03/09/2010 12:59 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
goberment workers and retirees are stealing from tax payers fire em all
 Quoting: Anonymous Coward 890973



Bet you didn't know retirees have to pay federal taxes on any money they get from the government...[pensions]


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Anonymous Coward
User ID: 659258
Canada
03/09/2010 01:01 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
Core of the naked CDS has been illegal for 300 years

"In 1746, the UK parliament passed the Marine Insurance Act, requiring anyone seeking to collect on an insurance contract to have an interest in the continued existence of the insured property. Thus was born the insured-interest doctrine. The indemnity doctrine, which precludes a buyer from insuring property for more than it's worth, soon followed.

The point of these rules is to limit insurance contracts to trading existing risks and not to create risks by giving buyers of insurance incentive to destroy property. The doctrines have been part of insurance law in both England and the US (which in 1746 were colonies under English common law) ever since."

[link to www.ft.com]
Anonymous Coward
User ID: 897292
United States
03/09/2010 01:03 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
Anyone making over 50 grand on a state pension, automatic 20% reduction. All state workers automatic 20% pay cut. All federal workers, automatic 50% on these lazy bastatrds. Then talk about raising taxes.

Agreed. If the peons cannot find work then their employees the lazy ass government workers should suffer right along with us. The bottom line is the government itself created the problem and they should have been the very first to feel the pain of job losses and salary cuts. They alone are killing the goose that laid the golden egg. They have no one to blame for this complete failure but themselves.

But look real close at what they are doing in washington. are they passing laws to control the criminal behavoir of Wall Street? Nope are they bringing our troops home from useless criminal wars? Nope. Are they passing laws to close the borders and stopping the invading hoardes of third world savages? Nope.

Then what are they doing? Trying to pass a healthcare bill that no one wants? Yep. Passing hate crime bills that are in-constitutional? Yep. Passing more tobacco type looting tax laws against soft drinks? Yep. Disgusting jerks the lot of them.

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 Quoting: Anonymous Coward 909504

browser dying...can't last much longer....send help
Anonymous Coward
User ID: 897292
United States
03/09/2010 01:14 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
My state's Governor, Fast Eddie Rendell has said this exact thing.

Revenue must increase or taxes go up, Rendell tells area business leaders
By David Falchek (Staff Writer)
Published: March 7, 2010

Gov. Ed Rendell met with Scranton business leaders Saturday to defend a state budget he says would help the state avert "a fiscal tsunami."

"Fiscal calamity is staring us in the face," the governor said during his appearance at the Greater Scranton Chamber of Commerce building on Mulberry Street. "I don't care how many no-tax pledges get signed or who signs them - revenue has to increase or taxes will go up.".....

[link to thetimes-tribune.com]
 Quoting: Anonymous Coward 875706


The Feds can bail them out.....oh wait they already used 100% of that capacity to bail out the banks.

You want doom? I mean REAL doom?

Wait till the states decide to dump their "Institutional Positions" on Wall Street to make up the short falls. The market is going to drop like sailors shorts in a whore house.
Anonymous Coward
User ID: 24289757
United States
11/20/2012 07:42 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
The Center on Budget and Policy Priorities has released a report "State Tax Changes in Response to the Recession" in which the center notes that "national recession has had such a devastating effect on state finances that states took in $87 billion less in tax revenue from October 2008 through September 2009 than they collected in the previous 12 months. This 11 percent decline, the steepest on record, resulted from the impact on tax collections of lost jobs, reduced wages, and lowered economic activity." And here we are, missing the forest for the Greek tree, and discussing evil CDS speculators' role in Greece barely able to make a €5 billion bond auction, when we should be all over the evil Municipal CDS speculators wreaking havoc in our own back yard.


[link to www.zerohedge.com]
 Quoting: Anonymous Coward 774031
Anonymous Coward
User ID: 16289677
United States
11/20/2012 08:08 AM
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Re: State Tax Revenues Plummet By $87 Billion, Biggest Year Over Year Decline In History; Record State Tax Hikes In Progress
They should raise taxes again. That always works.

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