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  3. California Says Tax Revenue ‘At Risk’ From Facebook Drop

California Says Tax Revenue ‘At Risk’ From Facebook Drop

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  • 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
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      • 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
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        • 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
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            • 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
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                • 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
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                  • 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
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                    • 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
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                      • 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
                                        • M Marcus_2

                                          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 Offline
                                          B Offline
                                          BobJanova
                                          wrote on last edited by
                                          #21

                                          I think you'll find they actually did follow the most important part: "We have shared currency, so we can just issue more bonds and someone else will cover things if we screw up too badly". Though I hesitate to use the word copy because I think US states have been doing this for longer than Eurozone countries.

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