Hello. I am lawyer who is currently practicing at a big firm, which limits my ability to participate in certain political activites. I will be going solo in about a year, and I am interested in learning more about this tax.
The California Constitution, as you are probably aware, can be amended by ballot initiative. This has the appeal of alllowing one to draft an amendment that will not be mucked up by special interests during the legislative process.
It may not be possible, however, under Federal law or international treaty for California to collect such a tax. I'm not a tax lawyer, and it's not something I've researched (...yet).
So, let's start at the beginning:
1. Are there any groups, PACs, etc. currently working towards implementation of the APT tax in California?
2. Has anyone studied the issue of implementing the tax in California? If so, is there a paper available anywhere?
3. According to the first paper I've read on the site, the goal is to have the tax implemented on a Federal level. Is there a particular economic reason that the tax couldn't be implemented on a state level first? That is, when I say economic, would implementing the tax on the state level disrupt transactions in California to the point where it would cause more problems than it solves?
Thanks for your answers.
(Also, I didn't bother to proof this post, so if you see a typo, it's not (I hope) a reflection of my competence.)
The California Constitution, as you are probably aware, can be amended by ballot initiative. This has the appeal of alllowing one to draft an amendment that will not be mucked up by special interests during the legislative process.
It may not be possible, however, under Federal law or international treaty for California to collect such a tax. I'm not a tax lawyer, and it's not something I've researched (...yet).
So, let's start at the beginning:
1. Are there any groups, PACs, etc. currently working towards implementation of the APT tax in California?
2. Has anyone studied the issue of implementing the tax in California? If so, is there a paper available anywhere?
3. According to the first paper I've read on the site, the goal is to have the tax implemented on a Federal level. Is there a particular economic reason that the tax couldn't be implemented on a state level first? That is, when I say economic, would implementing the tax on the state level disrupt transactions in California to the point where it would cause more problems than it solves?
Thanks for your answers.
(Also, I didn't bother to proof this post, so if you see a typo, it's not (I hope) a reflection of my competence.)
