Fri, 25 Feb 2005

State Government Irony

The State of California publishes a booklet called Striking Gold in California. This is the most absurd name they could have come up with. Striking Gold describes the various bureaucracies to which a business must send forms and pay taxes.

Every year in California, thousands of new small businesses start up. Unfortunately, thousands of companies also go out of business each year.

The probably go out of business partially because they have to spend so much time filing forms with various government agencies, not to mention, sending them money.

The booklet is for sole proprietorships, so it doesn't cover the forms corporations must file. Here's a short list of the forms mentioned.

They forgot the 1099s that have to be filed with the IRS, the FTB and the EDD.

Also, your city or county may have tax or license requirements not covered in this publication. See the government listings in the white pages of your telephone book.

Yep, City of Los Angeles has a Business Tax of 0.5% of gross sales.

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The state is that great fiction by which everyone tries to live at the expense of everyone else. - Frederic Bastiat