Good Morning Gentle Readers,
California's Franchise Tax Board means to shame you into paying your state income taxes by listing you on the Wall of Shame. If the state says you owe the tax and a tax lien has been issued then the law says the 250 individuals and organizations who owe the most are listed.
Sort of a Who's Who of tax scofflaws. There's tax protester Dan Kirkham, Dionne Warwick, The Juice, currently cooling his heels in Vegas lockup (heck, I dunno, maybe he made bail by now), a bunch of out-of-staters, couple of Nevada corporations, and Johnny Fong (sounds like a mobster). Saintly, Inc., of Carson City, a Nevada corporation, owes almost six million but doesn't seem to even exist. Maybe they went to heaven but still, there ought to be a death certificate.
Here's my take boys, shame ain't going to cut it. These guys either don't have the money or don't intend to pay. In many cases the tax is disputed or has been assessed because of California's screwy laws and long tentacles. I could spin a few yarns but I'll leave it at this: It took an act of CONgress to stop California from taxing the pensions of non-residents who used to live here and work for companies like Boeing. Hey, they earned the right to the pension while they were Californicate residents, or so went the argument from Sac.
Spend on, Arnie.
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