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When people talk about California regulations driving away business it's always an immediate sign to me that they either watch too much Fox News or they're simp
by dnomad 9y ago
When people talk about California regulations driving away business it's always an immediate sign to me that they either watch too much Fox News or they're simply talking the book.
First off, $800 is probably too low. It's in California's interest to drive away low margin businesses. If your business really struggles to pay $800 then you should move to Texas or Wyoming. $800 is unlikely to get you even a parking space.
Second, all actual data, actual evidence, not handwavy whining about regulations, indicate California is still far and away the most dynamic economy in the US with the best business growth [1]. Now you might argue California's growth would be even more extraordinary with less regulations (though again, if people ever bother to open a book and learn from the past they'd see most deregulation efforts eg electricity have done more harm than good) but this is a far cry from what may be the most dynamic economy in the world hosting a "small business assassination program."
[1] https://www.ocregister.com/2017/08/28/what-business-exodus-california-tops-in-u-s-for-company-creation/ https://www.ocregister.com/2017/08/28/what-business-exodus-c...
- fapjacks 9y agoI ran a nonprofit for veterans for several years which moved about a thousand dollars a year. When I moved to California, I wanted to keep running this nonprofit, because it was actually really helping some folks out in ways that other charities don't have the granularity to know about. So here is one example of "actual data, actual evidence, not handwavy whining about regulations" -- classy! -- of a business that "couldn't even get a parking space" which the California AMT killed.
- cge 9y agoSo are you saying that your non-profit was not an exempt organization? Again, the tax you refer to does not apply to exempt non-profits, such as public charities and private foundations.