California: Remember the Taxes You Didn't Owe? Surprise!by Wendy McElroy
Feb. 28, 2013
Germany: Migrants Gang-Rape 14yo Girl, Throw Her Out in the Cold - Show Up to Court 'Grinning'
MSNBC Asks Black Man to Watch Hillary Clinton Clip, Shows Him Fried Chicken Commercial Instead
Iceland: PBS News Celebrates Refugees "Diversifying Their Mostly White & Christian Nation"
Anthony Weiner Caught With His Pants Down, Once Again - Huma Seeks Divorce
Barbra Streisand Says She'll Move to an Even Whiter Country if Trump Wins
California cannot chase business away fast enough, it seems: high taxes, cap-and-trade, voracious unions, bankrupt cities, and now retroactive taxation.
Shortly before the Christmas holidays and oh so quietly, the California Franchise Tax Board (FTB) rescinded a tax break that dated back to 1993. The Qualified Small Business Stock (QSBS) exclusion allowed small businesses and investors who met certain conditions to exclude or to defer 50 percent of the profits of sold stock from their personal income taxes. The incentive was intended to lure startup companies of under $50 million into the state.