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View Full Version : California Refuses to Accept Its Own IOUs



CCTelander
08-07-2009, 07:25 PM
Is ANYONE shocked to hear this?


Naturally, the state of California knows exactly how much their IOUs are worth. So far, they’ve paid out over $682 million in IOUs. Small businesses are expected to pay taxes based on the IOU “income,” but at the same time they refuse to accept the IOUs as tax payments

http://www.lewrockwell.com/blog/lewrw/archives/32360.html
InterestedParticipant
08-07-2009, 07:45 PM
Is ANYONE shocked to hear this?



http://www.lewrockwell.com/blog/lewrw/archives/32360.html
California has plenty of damn money. Why would anyone continue to buy into these lie?
satchelmcqueen
08-07-2009, 07:53 PM
business paying taxes on ious? the system really is full of shit.
tron paul
08-09-2009, 04:20 AM
Great. This gives the small businesses receiving IOUs the perfect reason to refuse to accept them.
0zzy
08-09-2009, 04:21 PM
California has plenty of damn money. Why would anyone continue to buy into these lie?

they do?
InterestedParticipant
08-09-2009, 04:56 PM
they do?
Download their CAFR. It's on the web, just search for it.

Can you read a balance sheet? If not, show it to someone who can and have them explain it.