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From what I understand California has a very progressive tax system and as a consequence revenues vary by a lot. If wealthy Californians have a good year the c
by hackeraccount 5y ago
From what I understand California has a very progressive tax system and as a consequence revenues vary by a lot. If wealthy Californians have a good year the coffers bulge but when they don't ... everything dries up.
Not necessarily a problem if the State spent like that but they tend to spend like every year will be a fat year. Go figure.