Showing posts with label brown. Show all posts
Showing posts with label brown. Show all posts

Thursday, August 11, 2011

Unicorns that poop gold nuggets fail to materialize for Moonbeam; California tax revenues plunge more than 10% below projections

California's twice- (soon to be thrice-) failed Governor -- a man named Jerry "Moonbeam" Brown -- allegedly closed the state's yawning budget deficits this year by forecasting tax revenues well above the level a sane person might call "reasonable".



The result was... too. Easy. No, no, no: Too! EASY! To predict:



California’s tax revenues plummeted in July, falling more than 10% below expectations and making it more likely that deeper cuts to public schools built into the state budget in case of a stalled economic recovery will occur... Gov. Jerry Brown and state lawmakers patched up the final $4 billion of California’s budget shortfall this year by hoping for a windfall economic recovery. Those hopes are now fading fast.



Tax collections in July were $538.8 million below budget forecasts.. sales and corporate collections lagged by a combined nearly $210 million. But the biggest drag was from the unidentified $4 billion that budget writers had banked on.



...Worse, the sagging tax collections were reported before the recent stock market turmoil. The Dow Jones industrial average plunged by more than 600 points on Monday. California relies very heavily on capital gains taxes from the stock taxes.



On a related note, Brown's multi-million dollar search for the pot of gold at the end of the rainbow also, sadly, came up dry.



Monday, August 1, 2011

California discovers innovative new way to destroy small business

Rumor has it that the fastest-growing business in California is organized crime, thanks to legislative strangulation like this:

Many Californians ignore the "use tax" - the equivalent of sales tax but remitted by state residents for products bought from out-of-state retailers that did not collect sales tax...

...[A new state effort to collect use taxes has] prompted an outcry from small businesses [thanks to] the "qualified purchaser program," enacted by legislators in 2009 and in effect since last year. It calls for California to contact service businesses that have more than $100,000 in annual gross revenue, registering them for a program in which they have to fill out a new form detailing their use-tax obligations...

About 500,000 businesses, from chiropractors to dental offices to tax preparers, got the notice. But some were actually pretty small concerns; a landscaper whose supply costs are part of that $100,000 in revenue might only net about $20,000, for instance. Many were confused by the new regulation, and dismayed by the costs of filling out the form.

Diane Amble, owner of Smog Queen, a San Francisco test-only smog shop, got the notice in the mail a few months ago... "The letter said, 'Here is your account number, fill this form in and pay your use tax or we will estimate what you owe,' " she said. "I tried to call (the Franchise Tax Board) but they're incommunicado; you can't get ahold of them. This is ridiculous. We buy supplies once in a blue moon and everything we buy is from California; I try to do that to support the state. This is a shotgun approach to try to make money off the backs of small businesses."

Not to worry, California residents. You can count on a burgeoning black market to take care of most of your needs "under the table".

Which is, of course, one of the distinguishing characteristics of a Third World country.


Sunday, July 3, 2011

Cause and Effect in California -- Cause: Raise taxes on evil, rich corporations. Effect: Everyone suffers.

California's recent attempt to raise new taxes on Internet retailers like Amazon and Overstock has had the predictable consequence. It is hurting small businesses and entrepreneurs. In order to avoid the tax, Amazon killed off its affiliate programs in the state, halting a reliable revenue stream for thousands of small businesses and individuals.

Consider this Exhibit 42,303 in our library of evidence proving that liberalism is the philosophy of the stupid.

Amazon, Overstock thumb nose at California tax


San Francisco Chronicle, Sunday, July 3, 2011

So, I went online Friday looking to buy a copy of John Kenneth Galbraith's "The Affluent Society & Other Writings, 1952-1967." Thought it might be timely to revisit the Harvard economist's distinction between "private affluence" and "public squalor."

Barnes & Noble's website was selling it for $26.53. Total, which included California sales tax: $28.79. "Total Before Tax" at Amazon.com: $26.40. "Estimated Tax To Be Collected: $0.00."

At Overstock.com, I could still buy furniture and various knickknacks free of the 7.25 percent tax, even though California's law mandating out-of-state Internet retailers to start collecting the taxes was now in effect.

In other words, screw you, California, and your laws.

"They're not intending to comply, by all indications," said Betty Yee, former chairwoman and current member of the state Board of Equalization, the agency charged with implementing the law. Friday evening, the board posted a "special notice clarifying the obligations of out-of-state retailers" on its website...

"So, we'll bill them at the end of this quarter, based on estimates either they provide or we come up from other data sources. Then, if they don't come forward and pay, we'll consider other courses of action."

That most likely means litigation, or, as Amazon and Overstock might see it, a game of "catch us if you can."

I believe our educational system has to be reformed to teach two simple concepts to liberals.

• Economics is not a zero-sum game.

• Businesses do not operate to fund government; they are in business to make money. And if they can't do so, they go bankrupt or relocate.

Not overly difficult, true, but these basic tenets are rocket science to the doltish nincompoops on the Left.


Thursday, June 30, 2011

The genius of Democrat governance: 'Massive error' in new California tax code causes triple taxation on small businesses

When you've lost the San Francisco Chronicle...

California and Governor Jerry Brown made a massive error in the formation of a California Online Tax, that amounts to triple taxation in the state for online S-corporations. Amazon and Overstock aren't the only ones hurt by the new tax, and it should be challenged in court...

Unfortunately, Governor Brown has signed into law the bill that we emailed you about earlier today. As a result of this, contracts with all California residents participating in the Amazon Associates Program are terminated effective today, June 29, 2011...

...Frankly, while the law itself has many affiliates hoping mad, it was bound to happen. But the law's got a nasty bug in it that must be cleared up. I'll use my online sports game company as an example.

The State Of California has already taxed my Internet company for income earned. All of our sales are online. Plus, they get me for a personal income tax!

Under the new law, an online company like mine could be taxed three times: for total income tax, corporate, tax and then for sales tax. That's too much.

There's nothing in the law preventing such a scenario from happening, because there's to language to restrict the State Of California from such an action. If you're an online legal California Corporation, you're going to get taxed three times. It's that simple.

...It sets up a massive incentive for thousands of California Corporations to just quit the state and find other homes... One day next year, Governor Brown's going to wake up to the reality of no new taxes collected, and a massive exodus of Internet vendors. By then, any retro action would be too little, too late.

That's okay.

Send the businesses our way. We need smart, talented entrepreneurs who want to live in a free state. I mean, a Red State.


Sunday, June 26, 2011

Good news from the failed blue state of California: number of retired teachers with $100K pensions jumped 650% in last six years

As if California didn't have enough problems -- from a massive budget deficit to runaway illegal immigration -- news that the powerful public sector unions are raping the system should certainly cheer taxpayers.

Thousands of newly retired school administrators will earn more during retirement than most Californians will make during their working careers.

The number of educators receiving $100,000-plus annual pensions jumped 650 percent from 2005 to 2011, going from 700 to 5,400, according to a Bee review of data from the California State Teachers' Retirement System... [these retirees] get millions more than they put into the system.

Booming administrator salaries are largely behind the trend. Public school superintendents, on average, earned $168,000 in base pay last year, roughly 56 percent more than they did 10 years ago... A series of benefit enhancements a decade ago also explain the rise... as a result, more than a third of the state's six-figure pensioners earn more each year in retirement than they ever did on the job.

...Like other public pension systems, CalSTRS has financial problems. The value of its assets isn't enough to cover what it has promised in benefits. System officials estimate CalSTRS will be unable to fund benefits in about 30 years unless the Legislature implements higher contribution rates for school districts, employees or the state.

California isn't alone. The Manhattan Institute estimates that teacher pension systems around the country are, in aggregate, $1 trillion underfunded.

But California and its ludicrous governor, a product of the public sector unions, are completely off the rails. Like the blue states of Illinois and New York, the inevitable result of Democrat governance -- bankruptcy -- is obvious for all to see.


Sunday, June 19, 2011

Daily Beast shocked that Jerry Brown is leading California to fiscal disaster; blames state's collapse on ...(wait for it)... Republicans

The Daily Beast (I read it so you don't have to) appears to be the magazine equivalent of Michael Moore. It is so unhinged and so laced with nutwhackery that it reads more like a National Lampoon spoof of liberal dementia than an ostensibly serious periodical.

Case in point: some kook named Joe Mathews, if that is his real name, offers the following salient observations about the failed blue state of California. Now, recall, California is dominated at every level of government by Democrats, public sector unions and the illegal alien lobby. But I repeat myself.

Jerry Brown's argument for his return to the California governorship was that as a 73-year-old politician, too old to worry about his political future, he would throw caution to wind, force partisans of left and right to negotiate, and tame this state’s famously out-of-control budget.

But his first six months in office have looked nothing like this. Brown’s experience has been no match for the difficult task that confronts Democrats in Washington and around the country: how to, at a time of austerity, protect programs and secure more taxes in the face of opposition from anti-tax Republicans. Brown has made concession after concession—cutting billions, agreeing to negotiate new legal limits on spending and pensions—without securing any agreement for additional revenues, even temporary taxes that would be subject to a vote of the people. In the process, he has alienated his own party.

Brown’s story so far shows that low-key negotiation and concession does not get you much from Republicans in this era... Brown [is required] to get votes from Republicans, even though Democrats control the governorship, both houses of the legislature, and every other statewide office...

[Some] voices... suggest Brown is gutless. Republicans, ungrateful despite Brown’s concessions, say they couldn’t reach a deal with Brown because the governor did not have the courage to embrace new limits on spending and pensions that the GOP wants in the agreement—but that powerful public employee unions oppose...

Here's a little cheat sheet for Mathews:

Brown is owned by the public sector unions and the racial separatist front groups like La Raza.

But it is the public sector unions -- not the Republicans -- who are bankrupting the state; and clearly Brown is too timid and too partisan to confront them.

It is sanctuary cities and open borders policies -- not the Republicans -- that are swelling school and prison populations while driving up health care and welfare costs.

It is a bizarre green agenda (that even denies water to farmers) -- not the Republicans -- that is destroying one of the most fertile, bountiful areas on Earth.

Sure, numb-skull, California could raise taxes on the productive sector of society; and that will simply drive more taxpaying citizens and businesses out of the state -- just as it did in another blue state success story called "New York".

But unless California can honestly confront the fiscal time-bomb represented by public sector union benefits, illegal aliens and the eco-Marxists, the state is flat-out doomed.

Oh, and Mathews: why doesn't Texas have this same problem, schmuck?


Tuesday, May 31, 2011

Color Day: Orange & Fucshia

A year from tomorrow, our good friend Vik will be getting married (yay!).  With just a year left to go, it's time for V & J to start gathering ideas for ceremony and reception decor, tuxedos, dresses, shoes, etc. etc. etc. Putting together an elegant and festive Indian wedding on a budget can be overwhelming. So, this board was created, with their colors in mind,  to help get their creative juices flowing.  Bright fuchsia, cheerful orange, and dramatic chocolate brown will make for an Indian wedding that is vibrant, fun, and romantic.



Fuchsia, Orange, and Brown Wedding Inspiration Board


1. Dessy | 2. Etsy  | 3. Sandy Photo Art | 4. Wedding Paper Divas | 5. Wedding Cupcakes | 6. Shoe Metro | 7. Wedding Dresses | 8. After Six | 9. The Soul Style | 10. The Knot | 11. Smart Ideas | 12. eTuxedo |

13. Oh So Beautiful Paper

and some others that we love but that for whatever reason we couldn't upload to this board:

14. Wedding Bee | 15. Wedding by Color | 16. Wedding Wire 



XOXO

Jen & Saira



PS. What do you think of our new format?




Tuesday, November 16, 2010

Color Day: Shades of Autumn

Here is another great color combo for fall!  We know that incorporating a whole range of colors can be tempting, particularly for the fall season, and who are we to stop you?!  What we will do is show you how to combine multiple fall colors in a way that is tasteful and sophisticated and not reminiscent of a hand print turkey.  So, to pick a few colors we went with brown, green, orange and yellow.   You could easily add more splashes of burgundy to this palette, if you so choose, but we like to keep things a little simpler.  Plus, focusing on just these four lends to an almost vintage, 1970's feel that we are really digging.



Brown, Green, Orange, and Yellow Fall Wedding Color Inspiration Board




XOXO,
Jen & Saira

Tuesday, November 9, 2010

Color Day: Plum, Raisin, and Chocolate

Smooth, velvety chocolate... ripe, juicy plums...sweet, delicious raisins...have we got you salivating yet? Well, unfortunately for you we're not talking food here but at least we can provide a little eye candy.  This palette of chocolate brown, plum, and raisin is a lovely color combination for a modern fall wedding. It's gives a totally different feel then the usual "warm" fall colors like marigold, orange, and red, but still is cozy and comforting, just as fall should be. Purple is increasingly popular for weddings, decor, and wardrobes and, when paired up with rich chocolate brown, it's extremely charming and feminine.



Purple and Brown Wedding Inspiration Board




XOXO,

Jen & Saira

Tuesday, September 21, 2010

Color Day: Chocolate, Brown, and Cream

When it comes to Fall decor, you can draw inspiration from so many different colors that it can be overwhelming.  If you want your home or event to evoke feelings of hot cider and comfy nights by the fireplace, think of natural neutrals like chocolate and cream blended with a nice medium toned brown. These calming hues flow perfectly into one another and can be used to create a sleek modern look or, if you're like us, you might prefer to embrace nature and create a rustic, charming, and cozy environment.  Using earth toned shades like these can really serve to create an inviting atmosphere without sacrificing style or drama and can look incredibly warm and romantic with the glow of candle light and gold accents.


Chocolate, Brown, and Cream Wedding Color Inspiration Board




XOXO,
Jen & Saira 


Tuesday, September 7, 2010

Color Day: Green, Bronze, and Silver

Earthy colors like yellow, orange, burgundy, brown, and green are typically what comes to mind when you think of Fall colors. But, your Fall wedding doesn't have to be typical.  Choosing all of those colors together can tend to look tacky and juvenile and you certainly don't want your space to feel like you are swimming in a Crayola box. So, we suggest a more sophisticated way to incorporate Fall colors into your space.  For an elegant look, choose an accent color or two and pair it with neutrals or metallics.  Here we've taken a beautiful shade of green and paired with a warm metallic bronze and cool silver, lending to the overall feeling of calm and serenity. If you choose your colors carefully you'll find your space to be inspiring, not overwhelming.



Forest Green, Bronze, and Silver Wedding Color Inspiration Board




XOXO,
Jen & Saira