Skip to content
  • Categories
  • Recent
  • Tags
  • Popular
  • World
  • Users
  • Groups
Skins
  • Light
  • Cerulean
  • Cosmo
  • Flatly
  • Journal
  • Litera
  • Lumen
  • Lux
  • Materia
  • Minty
  • Morph
  • Pulse
  • Sandstone
  • Simplex
  • Sketchy
  • Spacelab
  • United
  • Yeti
  • Zephyr
  • Dark
  • Cyborg
  • Darkly
  • Quartz
  • Slate
  • Solar
  • Superhero
  • Vapor

  • Default (No Skin)
  • No Skin
Collapse
Code Project
  1. Home
  2. The Lounge
  3. California Says Tax Revenue ‘At Risk’ From Facebook Drop

California Says Tax Revenue ‘At Risk’ From Facebook Drop

Scheduled Pinned Locked Moved The Lounge
csharphtmlcomsalestools
30 Posts 15 Posters 0 Views 1 Watching
  • Oldest to Newest
  • Newest to Oldest
  • Most Votes
Reply
  • Reply as topic
Log in to reply
This topic has been deleted. Only users with topic management privileges can see it.
  • L Offline
    L Offline
    Lost User
    wrote on last edited by
    #1

    Facebook is again to blame;

    Quote:

    If “the lower share prices persist through November and December, hundreds of millions of dollars of income tax revenue assumed in the state budget plan are at risk.”

    Full story on Bloomberg[^]

    Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

    G D R M R 6 Replies Last reply
    0
    • L Lost User

      Facebook is again to blame;

      Quote:

      If “the lower share prices persist through November and December, hundreds of millions of dollars of income tax revenue assumed in the state budget plan are at risk.”

      Full story on Bloomberg[^]

      Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

      G Offline
      G Offline
      GenJerDan
      wrote on last edited by
      #2

      Reminds of the afternoon I went out and bought a Ferrari because I had bought a lotto ticket earlier that day.

      No dogs or cats are in the classroom. My Mu[sic] My Films My Windows Programs, etc.

      Mike HankeyM L 2 Replies Last reply
      0
      • L Lost User

        Facebook is again to blame;

        Quote:

        If “the lower share prices persist through November and December, hundreds of millions of dollars of income tax revenue assumed in the state budget plan are at risk.”

        Full story on Bloomberg[^]

        Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

        D Offline
        D Offline
        Dalek Dave
        wrote on last edited by
        #3

        Counting their chickens before they steal the eggs.

        --------------------------------- I will never again mention that I was the poster of the One Millionth Lounge Post, nor that it was complete drivel. Dalek Dave CCC Link[^]

        1 Reply Last reply
        0
        • G GenJerDan

          Reminds of the afternoon I went out and bought a Ferrari because I had bought a lotto ticket earlier that day.

          No dogs or cats are in the classroom. My Mu[sic] My Films My Windows Programs, etc.

          Mike HankeyM Offline
          Mike HankeyM Offline
          Mike Hankey
          wrote on last edited by
          #4

          Eloquently put. I don't know of any responsible finance plan that counts on money they might of might not have.

          VS2010/Atmel Studio 6.0 ToDo Manager Extension
          Version 3.0 now available. There is no place like 127.0.0.1

          C 1 Reply Last reply
          0
          • Mike HankeyM Mike Hankey

            Eloquently put. I don't know of any responsible finance plan that counts on money they might of might not have.

            VS2010/Atmel Studio 6.0 ToDo Manager Extension
            Version 3.0 now available. There is no place like 127.0.0.1

            C Offline
            C Offline
            Corporal Agarn
            wrote on last edited by
            #5

            Thus the reason the US has so many broke states.

            Mike HankeyM 1 Reply Last reply
            0
            • L Lost User

              Facebook is again to blame;

              Quote:

              If “the lower share prices persist through November and December, hundreds of millions of dollars of income tax revenue assumed in the state budget plan are at risk.”

              Full story on Bloomberg[^]

              Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

              R Offline
              R Offline
              R Giskard Reventlov
              wrote on last edited by
              #6

              Sounds like false accounting to me. Or just what politicians do. Wankers, the lot of them.

              "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." Red Adair. nils illegitimus carborundum me, me, me

              L 1 Reply Last reply
              0
              • R R Giskard Reventlov

                Sounds like false accounting to me. Or just what politicians do. Wankers, the lot of them.

                "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." Red Adair. nils illegitimus carborundum me, me, me

                L Offline
                L Offline
                Lost User
                wrote on last edited by
                #7

                mark merrens wrote:

                Sounds like false accounting to me.

                Sounds like they're blatantly copying European accounting-methods :-D

                Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                E M 2 Replies Last reply
                0
                • C Corporal Agarn

                  Thus the reason the US has so many broke states.

                  Mike HankeyM Offline
                  Mike HankeyM Offline
                  Mike Hankey
                  wrote on last edited by
                  #8

                  The whole countries broke.

                  VS2010/Atmel Studio 6.0 ToDo Manager Extension
                  Version 3.0 now available. There is no place like 127.0.0.1

                  K 1 Reply Last reply
                  0
                  • L Lost User

                    mark merrens wrote:

                    Sounds like false accounting to me.

                    Sounds like they're blatantly copying European accounting-methods :-D

                    Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                    E Offline
                    E Offline
                    Espen Harlinn
                    wrote on last edited by
                    #9

                    Minor correction:

                    Eddy Vluggen wrote:

                    Sounds like they're blatantly copying south European accounting-methods

                    Espen Harlinn Principal Architect, Software - Goodtech Projects & Services AS My LinkedIn Profile

                    1 Reply Last reply
                    0
                    • G GenJerDan

                      Reminds of the afternoon I went out and bought a Ferrari because I had bought a lotto ticket earlier that day.

                      No dogs or cats are in the classroom. My Mu[sic] My Films My Windows Programs, etc.

                      L Offline
                      L Offline
                      Lost User
                      wrote on last edited by
                      #10

                      @GenJerDan .. HAAAAAAAAAA LOL !

                      ================================================== The greatest trick the U.S Govt ever played on the world was getting people to think that Satellite Torture was all about crazy people...

                      1 Reply Last reply
                      0
                      • Mike HankeyM Mike Hankey

                        The whole countries broke.

                        VS2010/Atmel Studio 6.0 ToDo Manager Extension
                        Version 3.0 now available. There is no place like 127.0.0.1

                        K Offline
                        K Offline
                        Kschuler
                        wrote on last edited by
                        #11

                        Nope. Not the whole country. My state is better than ever.[^]

                        J B 2 Replies Last reply
                        0
                        • K Kschuler

                          Nope. Not the whole country. My state is better than ever.[^]

                          J Offline
                          J Offline
                          jesarg
                          wrote on last edited by
                          #12

                          Texas is not broke, either; it has a balanced budget policy. We are free to elect brutally incompetent and corrupt politicians to major offices without fear of them going over budget, a rare privilege that we take advantage of all the time. In fact, our last two governors, George W. Bush and Rick Perry, managed to blunder their way through a few terms without screwing things up too bad. It's too bad that so many people in the rest of the country felt their governorship qualified them for any sort of national office, though.

                          T 1 Reply Last reply
                          0
                          • J jesarg

                            Texas is not broke, either; it has a balanced budget policy. We are free to elect brutally incompetent and corrupt politicians to major offices without fear of them going over budget, a rare privilege that we take advantage of all the time. In fact, our last two governors, George W. Bush and Rick Perry, managed to blunder their way through a few terms without screwing things up too bad. It's too bad that so many people in the rest of the country felt their governorship qualified them for any sort of national office, though.

                            T Offline
                            T Offline
                            Tim Corey
                            wrote on last edited by
                            #13

                            Really? I thought Texas was having a bunch of problems (like this[^]). I don't want to get into a political debate, because that doesn't seem to be the issue. I think the issue is that no one wants to make the hard choices because that won't get them elected. My family can't spend more than it makes...well, I can but the consequences aren't good - foreclosure, etc. The government never feels that way. There seem to be no consequences to spending more than we "make" (from taxes). Well, now everyone is going to feel it. It will hit some states before it hits others but the end result will be the same. Much tougher cuts now because of mistakes in the past.

                            J B 2 Replies Last reply
                            0
                            • T Tim Corey

                              Really? I thought Texas was having a bunch of problems (like this[^]). I don't want to get into a political debate, because that doesn't seem to be the issue. I think the issue is that no one wants to make the hard choices because that won't get them elected. My family can't spend more than it makes...well, I can but the consequences aren't good - foreclosure, etc. The government never feels that way. There seem to be no consequences to spending more than we "make" (from taxes). Well, now everyone is going to feel it. It will hit some states before it hits others but the end result will be the same. Much tougher cuts now because of mistakes in the past.

                              J Offline
                              J Offline
                              jesarg
                              wrote on last edited by
                              #14

                              Hmm. I have to look into that. Constitutionally, they are not allowed to have a budget deficit, though they occasionally do whacky accounting to move this year's expenses into next year. According to the source, there was no deficit in 2009, but in 2010 it popped up. Guess I have to figure out whose idea it was and give them the axe.

                              T 1 Reply Last reply
                              0
                              • J jesarg

                                Hmm. I have to look into that. Constitutionally, they are not allowed to have a budget deficit, though they occasionally do whacky accounting to move this year's expenses into next year. According to the source, there was no deficit in 2009, but in 2010 it popped up. Guess I have to figure out whose idea it was and give them the axe.

                                T Offline
                                T Offline
                                Tim Corey
                                wrote on last edited by
                                #15

                                Fire the bum! :laugh:

                                1 Reply Last reply
                                0
                                • L Lost User

                                  Facebook is again to blame;

                                  Quote:

                                  If “the lower share prices persist through November and December, hundreds of millions of dollars of income tax revenue assumed in the state budget plan are at risk.”

                                  Full story on Bloomberg[^]

                                  Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                                  M Offline
                                  M Offline
                                  Mark_Wallace
                                  wrote on last edited by
                                  #16

                                  It's all because the place is run by idiots who went there to try to become movie stars, but didn't make it. If there were more farmers, particularly chicken farmers, it would not be a problem.

                                  I wanna be a eunuchs developer! Pass me a bread knife!

                                  L 1 Reply Last reply
                                  0
                                  • L Lost User

                                    Facebook is again to blame;

                                    Quote:

                                    If “the lower share prices persist through November and December, hundreds of millions of dollars of income tax revenue assumed in the state budget plan are at risk.”

                                    Full story on Bloomberg[^]

                                    Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                                    R Offline
                                    R Offline
                                    Roger Wright
                                    wrote on last edited by
                                    #17

                                    :laugh: :laugh: :laugh: The PRC never learns... Those who scoff at Atlas Shrugged should spend a few years living in the badly tarnished "Golden State." :doh:

                                    Will Rogers never met me.

                                    1 Reply Last reply
                                    0
                                    • M Mark_Wallace

                                      It's all because the place is run by idiots who went there to try to become movie stars, but didn't make it. If there were more farmers, particularly chicken farmers, it would not be a problem.

                                      I wanna be a eunuchs developer! Pass me a bread knife!

                                      L Offline
                                      L Offline
                                      Lost User
                                      wrote on last edited by
                                      #18

                                      Mark Wallace wrote:

                                      It's all because the place is run by idiots

                                      Idiots would not get the timing right to have four major global economies on the brink of collapse at the same time. LIBOR wasn't something that a random retard did; Selling Brittain's gold (now-famous-Browns Bottom) is not an act of an idiot. Preventing Greece from fixing it's economy this year, is not something an idiot would do. The initial Facebook-valuation was not an idiocy, and using the possible future profits of that stock as a State to keep your budget in order is not something an idiot would do - it's the hand of a fraudster. One who knows that he is bankrupt is quickly scraping every buck in the vicinity to put the day of reckoning of just a little bit longer.. If it were mere idiots, then Nigel Farage's voice would have been heard more widely. Ron Paul would have been heard more widely. Better yet, people in the streets might be talking about the plans of Hugo Salinas Price! No, it takes real effort to get things into the state they are now in.

                                      Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                                      M 1 Reply Last reply
                                      0
                                      • L Lost User

                                        Mark Wallace wrote:

                                        It's all because the place is run by idiots

                                        Idiots would not get the timing right to have four major global economies on the brink of collapse at the same time. LIBOR wasn't something that a random retard did; Selling Brittain's gold (now-famous-Browns Bottom) is not an act of an idiot. Preventing Greece from fixing it's economy this year, is not something an idiot would do. The initial Facebook-valuation was not an idiocy, and using the possible future profits of that stock as a State to keep your budget in order is not something an idiot would do - it's the hand of a fraudster. One who knows that he is bankrupt is quickly scraping every buck in the vicinity to put the day of reckoning of just a little bit longer.. If it were mere idiots, then Nigel Farage's voice would have been heard more widely. Ron Paul would have been heard more widely. Better yet, people in the streets might be talking about the plans of Hugo Salinas Price! No, it takes real effort to get things into the state they are now in.

                                        Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                                        M Offline
                                        M Offline
                                        Mark_Wallace
                                        wrote on last edited by
                                        #19

                                        If you go carrying pictures of Chairman Mao, You ain't gonna make it with anyone anyhow.

                                        Damn those alien lizards!

                                        L 1 Reply Last reply
                                        0
                                        • L Lost User

                                          mark merrens wrote:

                                          Sounds like false accounting to me.

                                          Sounds like they're blatantly copying European accounting-methods :-D

                                          Bastard Programmer from Hell :suss: if you can't read my code, try converting it here[^]

                                          M Offline
                                          M Offline
                                          Marcus_2
                                          wrote on last edited by
                                          #20

                                          Eddy Vluggen wrote:

                                          Sounds like they're blatantly copying European accounting-methods :-D

                                          But they forgot to copy the most important part: "Oh, it didn't go as planned... Never mind, we just raise the tax for everyone else so we get the money in.".

                                          B 1 Reply Last reply
                                          0
                                          Reply
                                          • Reply as topic
                                          Log in to reply
                                          • Oldest to Newest
                                          • Newest to Oldest
                                          • Most Votes


                                          • Login

                                          • Don't have an account? Register

                                          • Login or register to search.
                                          • First post
                                            Last post
                                          0
                                          • Categories
                                          • Recent
                                          • Tags
                                          • Popular
                                          • World
                                          • Users
                                          • Groups