Monday, May 18, 2009

California citizens to vote on state's future tomorrow

The state of California is bankrupt. It has no money. It is billions in debt. Tomorrow we'll find out if California will survive in its current state.

Current Highest Taxed States (Top 5 per category):
Gasoline Tax--
1. New York: 41.3 cents
2. Washington: 37.5 cents
3. California: 35.3 cents
4. Florida: 34.5 cents
5. Hawai'i: 33.6 cents

Cigarette Tax:
1. New York: $2.75
2. New Jersey: $2.58
3. Massachusetts: $2.51
4. Washington: $2.03
5. Alaska, Arizona, Connecticut, Hawai'i, Maine, Maryland, Michigan

Beer Tax:
1. Alaska: $1.07
2. Alabama: $1.05
3. Georgia: $1.01
4. Hawai'i: $0.93
5. South Carolina: $0.77

Sales Tax:
1. California: 7.25 percent
2. Indiana, Mississippi, New Jersey, Rhode Island, Tennessee: 7 percent


IN THE NEWS:
The New York Times: Voters to Face 6 Measures on Finances in California
NPR: Budget Issues on California's Special Election
MSN Money: Where does your state rank on taxes?

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