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AeromarineTaxPros.com: Short-Sided and Morally Corrupt Tax Policy
Home :: Finance :: Tax
By: Thomas Alston Email Article
Word Count: 530 Digg it | Del.icio.us it | Google it | StumbleUpon it

  

Here is a perfect example of selfish behavior and talking out of both sides of one’s mouth. This California politician uses the sane argument to defend his position to enhance his own district yet he practices insanity when it comes to the overall good of California. I suggest he apply the sane argument to all financial situations in this state, not just in his district. It would result in a less oppressive government, more freedom and a hell of a lot more jobs in California.

In a recent article titled "Saving Jobs --- Losing Jobs," by Joel Fox, the Editor of Fox & Hounds and President of the Small Business Action Committee, he wrote:
"Assembly Majority Leader Alberto Torrico is making a valiant effort to save up to 5,000 jobs that may be lost if Toyota closes down its New United Motor Manufacturing Inc., (NUMMI for short) based in Fremont.

That’s on one hand. But on the other hand, Torrico is jeopardizing thousands of jobs in the oil industry by pushing a measure to create a 9.9% oil severance tax and funnel the money to California’s public colleges and universities.

In an effort to keep the Toyota jobs in Fremont, the bill co-authored by Torrico would exempt auto plants from sales tax on improvements and refurbishing the manufacturing plant. But, his oil severance tax bill is sure to discourage drilling in the state and lead to a depressing ripple effect in jobs related to the oil industry either directly or indirectly to those servicing the industry and its workers. Never mind the problems for consumers of increased gasoline costs and importing more foreign oil.

And, did I mention the hit on government? Torrico did. Rightly so. In his concern for the closing of the Toyota plant, he worried aloud about the loss of income, sales and property taxes in Fremont.

Wouldn’t there be a loss of income, sales, and property taxes in, say, in Bakersfield in Kern County, if the oil severance tax were levied?

We should be saving ALL California jobs during these difficult economic days.
California policy makers must support the workers who build the cars, but also the workers who help fuel the cars, as well." End of article.

It is this piggish one sided view that has gotten us, the voters, into this mess. The proper solution is for the politicians to stop using tax codes to create special pockets of programs for sale that enhances the political contributions to their campaigns. Government intervention in all the markets is more at cause over our financial problems than a few bad business practices by a few organizations.

The voters who suckle at the breast of their local representative in order to enhance their own income at the expense of other citizens of California are equally corrupt. We need to stop before we all go to this decade’s version of Germany in the 1930’s.

Tags : Aircraft sales tax, California aircraft tax, Jet sales tax, Vessel sales tax

Thomas A. Alston is the president of Aero & Marine Tax Professionals (http://www.aeromarinetaxpros.com). He has successfully filed hundreds of tax returns with the California State Board of Equalization. Mr. Alston is California's premier specialist in legitimate tax avoidance on aircraft, vessels and vehicles, having published many articles on sales and use tax.

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