California carries one of the highest unemployment rates in the nation... it's considered the worst credit risk of all fifty states... and it's ground zero for the housing bust. So naturally, the government just voted to raise taxes in order to plug its giant, bloated budget.
Sales taxes are set to rise to 8.25% from 7.25%. Vehicle license taxes are set to rise to 1.15% from 0.65% of the value of the vehicle. Welcome to California! Give us your wallet.
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