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Craig and Lou at the ballot box: Proposition 39

Should we change how businesses are taxed?

This proposition changes the requirement on how multistate businesses to calculate their California income tax liability based on the percentage of their sales in California. It will raise money and cost money, so it's a coin toss whether it makes sense.

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Claire Felong September 27, 2012 at 09:47 PM
The cost to administer will be nowhere near what will be taken in. Multistate taxes are old new and exist throughout the country. There is much software already in place with which to accomplish this. Time for California to claim its fair share.
Jim C September 28, 2012 at 10:28 PM
For some reason, this video is coming up as "private" when I click on it. Of all the propositions, this is the one I was actually looking forward to hearing your take on. One the one hand, some people say that there's a loophole that rewards companies for NOT having employees in CA. On the other hand, some people say this is going to drive jobs OUT of CA.
Lou Covey, The Local Motive September 29, 2012 at 08:47 PM
Jim, I fixed the viewing option. Both 39 and 40 are now public.
Jim C September 30, 2012 at 03:29 AM
Thanks Lou! Great series.

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