california high taxes: What do California and New York Have to Do With Nevada Real Estate? Plenty. - 10/03/08 11:20 AM
Just as the federal bailout plan was passed and signed into law today, look at what happened next regarding California and New York with regard to their financial situation.
Both states declared they are in financial trouble.  California sent a request to U.S. Treasury Secretary Henry Paulson for a $7 Billion bailout to rescue to pay "teachers' salaries, nursing homes, law enforcement and every other state-funded service" this month, Gov. Arnold Schwarzenegger warns as stated on CNNPolitics.com today.  If California doesn't get this bailout then won't taxes increase for Californians to pay down the state's debt?
We've seen this scenario in … (0 comments)