California’s Latest Job-Killing Tax Grab

California has rightly developed a reputation for aggressively pursuing whatever taxes it can legally get away with assessing. From taxes on out of state businesses with only a tangential connection to the Golden State to a proposal to keep taxing Californians even after they leave the state, California has repeatedly demonstrated that it puts maximum revenue extraction above good tax policy and the interests of taxpayers. Yet in attempting to claim up to eight years in retroactive taxes from small businesses, the state has managed to reach a new low.

Read the full story here