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Workers Comp For Babysitters And 20 Other Reasons Why California Is Stupid
#1 For seven years in a row, a major survey of U.S. CEOs has ranked California as the worst state for business. Yet California lawmakers continue to pile on the rules, regulations and taxes.
#2 Businesses are fleeing the state in droves and the leadership of the state doesn’t seem to care too much. Unemployment in many areas of California is over 20% and the state has lost 1.2 million jobs over the last three years. The number of people unemployed in the state of California is approximately equal to the populations of Nevada, New Hampshire and Vermont combined. Last year, only about 37 percent of the population of the entire state of California had a job.
#3 Residents of California get absolutely hammered by taxes. The state of California currently has the third highest state income tax in the nation: a 9.3% tax bracket at $46,766 and a 10.3% tax bracket at $1,000,000. California also has the highest state sales tax rate in the nation by far at 8.25%. Indiana has the next highest at 7%. In addition, residents of California pay the highest gasoline taxes (over 67 cents per gallon) in the United States.
#4 The politicians in Sacramento love to pass more laws. At this point, just about everything is illegal in California. The number of new laws is absolutely mind blowing. For example, 725 new laws (most of them either completely pointless or completely stupid) went into effect in the state of California on January 1st alone.
#5 Thanks to endless taxes and fees, people that live in California seem to pay more for just about everything. For example, residents of California pay some of the highest electricity prices in the entire nation.