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Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, [ 2 ] which seemed to be an effort to earn high incomes for the county, without raising taxes ...
This page was last edited on 24 December 2019, at 07:49 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
This page was last edited on 10 December 2022, at 23:22 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The FTB's name reflects the fact that it was originally created to collect this tax. The agency's name was left unchanged even after the state created a personal income tax and added it to the FTB's responsibilities. The corporate tax is imposed on businesses that do business in California and derive income from within California. [2]
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Orange County Treasurer–Tax Collector (1995–2006) [ edit ] Moorlach first came to public attention by predicting the largest municipal bond portfolio loss and bankruptcy in U.S. history while campaigning for the office of Orange County Treasurer–Tax Collector against incumbent Democrat Robert Citron in 1994.
Orange County’s commissioners voted Tuesday to spend more than $550,000 in climate change tax dollars and $12 million set aside from last year’s budget surplus. ... That will avoid an expected ...