|
California: Remember the Taxes You Didn't Owe? Surprise!by Wendy McElroyFeb. 28, 2013 |
Popular 
IDF Soldier Takes Sledgehammer to Jesus Statue During Operations in Lebanon
Reuters: Trump Approved Iran Strikes After Speaking With Netanyahu
Trump Expected to Pick Kevin Warsh, Son-in-Law of Zionist Billionaire Ron Lauder, as Fed Chair
Mark Levin and Jonathan Pollard Push for Nuking Iran
Trump Says U.S. Sent 'A Lot of Guns' to Iranian 'Protesters'
 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 Shortly before the Christmas holidays and oh so quietly, the California Franchise Tax Board (FTB) rescinded a tax break that dated back to 1993.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. Read More 
|
