PRC Car Tax
It sure looks like the Governor of the PRC (often referred to as Gray-Out Doofus) is either a complete idiot or is not in the least worried about the current recall effort. He may even have a political suicide wish and want to go out in a blaze of "glory." how else can you explain his recent decision to triple the license fees on vehicles? Everyone knows that Californians love their cars and many people have several.

The car tax is actually a property tax based on the book value of each vehicle. They are expecting this increase to cost an average of $158 per vehicle more per year, for an expected total take of $4 billion from those people who decide to stay in the PRC and not drive them to lower tax states. The new higher rates are scheduled to take effect on October 1 of this year.

As can be expected, this is receiving a lot of coverage around the PRC. Thanks to the CalNews.com website for actually locating all of these articles.

San Francisco Chronicle

San Diego Union Tribune

Los Angeles Daily News

Sacramento Bee

Los Angeles Times

Orange County Register

Contra Costa Times

Orange County Register - on how businesses with a lot of vehicles will be hurt hard by this tripling of the license fees.

Ventura County Star

San Jose Mercury

Oakland Tribune


It's just too bad that Arnold Schwarzenegger isn't serious about taking part in the recall election against Doofus and is only using such speculation as a publicity gimmick for his upcoming Terminator 3 movie.
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 6/21/2003 03:39:00 PM Send this post: