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  • TWC is the wine swilling mayor of Two Guns Arizona who was formerly a prolific wine blogger. Some of that remains and to get right to the wine reviews without further distraction, click The Wine Commonsewer Speaks. The rest of the enchilada is an eclectic mix of commentary on culture, food, tax, and econ 101.

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July 10, 2009

City of the Angels Not Bound By Ruling (Only Taxpayers Are)

Good Morning Gentle Readers,

This kind of stuff may seem especially egregious to you, Gentle Reader, but it is really just the Soup de Jour for most government bureaucracies.

Everything was fine until the city started running out of money in 2007. Suddenly, the city announced that it was going to ignore its own ruling and reclassify us in the higher tax category. Even more incredible is the fact that the new classification was to be imposed retroactively to 2004 with interest and penalties. No explanation was given for the new classification, or for the city's decision to ignore its 1994 ruling.

Their official position is that the city is not bound by past rulings -- only taxpayers are. (emphasis TWC's) This is why we have been forced to file a lawsuit. We will let the courts decide whether it is legal for adverse rulings to apply only to taxpayers and not to the city.

And when LA wins, they lose, because Creator's Syndicate will leave town, taking their jobs, revenue, and tax base with them.

Money quote.....

As long as City Hall operates like a banana republic, why is anyone surprised that jobs have left the city in droves and Los Angeles is teetering on the brink of bankruptcy?

Whole thing here at WSJ.com


As Ever,

TWC

Wine_glass_pour_bottle Tip of the glass to Steven D

TWC 🍷

Photo Credit (unless otherwise noted): ©TWC, all rights reserved

Posted by on July 10, 2009 at 09:19 AM in Economics 101, How Government Thinks, Tax Information |

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