California Demands Income Tax Payments In AdvanceMish’s Global Economic Trend AnalysisMar. 03, 2010 |
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Tactics in California to shore up its municipal bond rating are quite humorous. Supposedly, by delaying payments to schools, California can boost confidence in its bonds. Please consider this sure-fire confidence booster: California Passes Bill to Guard Cash as Bond Delayed. California's Assembly passed a bill allowing it to delay payments to programs including schools to avoid running out of cash, a move aimed at boosting confidence in bonds sold by the most-populous U.S. state.California Demands Income Tax Payments In Advance Reader “Paul” just pinged me this news affecting business owners and self-employed contractors. Hi MishOnly in La-La Land could one think these actions should impress the bond market. Then again, the stock market soared mid-day after Bernanke repeated for the 40th time that he was not hiking soon. So hey, who knows? |