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Teeing Up The Tax Ball

Rob Nance,
Publisher


By Rob Nance, Publisher - California Governor Arnold Schwarzenegger, in an effort to reduce the state’s $11.2 billion deficit—which is expected to grow to more than $24 billion by 2010—is trying to tax golf like it’s never been taxed before. The Arnold is trying to push through an additional 1.5% tax increase on “golf.” It’s unclear as to the definition of “golf,” but for anyone who plays the sport, it’s certainly an unwelcome tax. California’s sales tax is already the highest in the U.S., weighing in at a staggering 7.25%.

Where’s the new tax legislation on weight lifting facilities, bench presses and those big medicine balls? The proposed golf tax should be terminated. Lump on additional “sin taxes” and be done with it, Arnold!



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Gail Perry, CPA
Editor-in-Chief, AccountingWEB
editor@accountingweb.com