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California Taxes
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Franken corporation owes California $5,800 (Minneapolis-St. Paul Star Tribune)
The DFLer's Senate campaign said that his corporation, AFI, unknowlingly neglected to pay taxes because it stopped doing business in the state numerous years ago. A California tax official said that AFI needed to dissolve itself. The GOP sees a pattern. Politicians push for new iTunes sales taxes (CNET)
Taxpayers may be smarting on April 15, but politicians in a growing number of states say taxes are necessary on digital downloads. The biggest fight is expected in California. Big names owe big-time on taxes (USA Today)
The IRS estimates that 21% of federal individual income taxes go unpaid each year about $300 billion last year. States lost about $60 billion in such taxes, $6.5 billion in California alone. What about those who don't pay? Who are they? Do they get away with it? State teachers union chief says California needs more money (Orange County Register)
California Teachers Association president makes plea for new revenues during a state bus tour stop in Lake Forest. Music Bits: California Taxes; Chrysalis Off Market; AmazonMP3 Growth; TheFilter (paidContent.org via Yahoo! Finance)
-- Potential California Taxes on Digital Music: Didn't really happen, but could: a controversial proposal in the California State Assembly would have extended the state's sales tax to include digital downloads of media, but was narrowly defeated in a hearing. Gloom now in bloom (San Bernardino Sun)
It used to be that there was nothing certain in the world except death and taxes, but now there's two more ominous outcomes: recession and high gas prices. Music Bits: California Taxes; Chrysalis Off Market; AmazonMP3 Growth; TheFilter (CBS News)
-- Potential California Taxes on Digital Music: Didn't really happen, but could: a controversial proposal in the California State Assembly would have extended the state's sales tax to include digital downloads of media, but was narrowly defeated in a hearing. Assemblyman Charles M. Calderon estimated that the additional taxes could bring $500 million in annual additional revenue, but others have ... More furor over Franken's taxes (Pioneer Press)
Democratic Senate candidate Al Franken's company owes about $4,000 in taxes in California and other penalties for failing to file corporate tax returns there. Nevada woos California firms (Moldova.org)
California businesses are getting a lot of attention from Nevada these days, Nevada development officials acknowledge.Nevada government development officials are going to great lengths to entice businesses in the Golden State to relocate or expand in the Silver State, The (Sacramento, Calif.) Bee reported Wednesday. Lower taxes and fewer regulations are arguments in favor of Nevada.When we talk ... Politicians Push For New iTunes Sales Taxes (Michigan Technology News)
WASHINGTON - A growing number of state politicians are proposing new laws to levy taxes on digital downloads, including music, video, and books, as a way to remedy budget pains. Call it the iTunes tax.
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