4 ms·
The issue is that it's retroactive. That income had become an asset to suddenly be considered as income again. The retroactive nature of the proposition was not
by mentat 14y ago
The issue is that it's retroactive. That income had become an asset to suddenly be considered as income again. The retroactive nature of the proposition was not in any of the official summary documentation for the election either.
- joshAg 14y agoThat's not what happened, the tax law was found to be invalid by a court, so all taxes paid under the law had to revert to the rate paid under the previous law.