In California, anyway. Five years ago, the state government passed legislation offering tax credits for investors in certain kinds of small businesses. Recently, the California Supreme Court ruled those tax credits unconstitutional. Now the state's Franchise Tax Board (the tax collectors) are assessing back taxes retroactively for all five years, to those claiming the tax credits. And not just back taxes – interest and penalties, too.
No individual or business could ever get away with an obviously unfair practice like that. Only the government...
The asylum really is being run by the lunatics...
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