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Entrepreneurs and investors in California can expect to receive a rude
shock in the mail if they sold their company in the last four years. Not
only did the state's Franchise Tax Board (FTB) eliminate a tax break on capital gains for small business owners and investors, it announced the tax would be reinstated retroactively.
This means those who benefitted from the break can expect a bill for
unpaid taxes, plus interest, stretching all the way back to 2008.
Current News | Contents By Subject
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Vaccines and Vaccinations
Rhode Island Dems Seek To DOUBLE State Income Tax For Parents Of Unvaccinated Minors

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Drug War
San Francisco Suspends Cannabis Tax To Help Dispensaries Compete With Drug-Dealers

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Pensions
Illinois Taxpayers On the Hook for $530 Billion in Unfunded Pension Obligations

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California
Leader Of California's Largest Labor Union Quits After Tax, Embezzlement Charges

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California
Top Tax Rate In NYC Would Be 61.2%, 59.7% In California Under House Dems' New Tax Plan

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Virginia
"Huge Economic Boost" - New West Virginian Law Makes Gun And Ammo Purchases Tax-Free

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Surveillance
Pennsylvania Democrats To Propose Bullet Tax And Encoded Rounds To Track Ammo Owners

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