But the Golden State does tax anyone in California who wins the lottery from any other state.
FORBES: California Lottery Believes In Powerball---Despite Odds And Taxes
The Golden State needs the tax dollars from businesses and their citizens, even Phil Mickelson.
FORBES: California + Texas Governors Tax Free Two Step is No Tax Alamo
They worry that if they don't die by the end of 2010, they will have missed their golden opportunity to pass along tax-free inheritance.
So why would anyone want to kill that goose laying the golden eggs by insisting on raising tax collections?
"We have a golden opportunity to move wealth at no tax cost, " says Mark Nash, a partner in private-company services at PricewaterhouseCoopers.
The measure, which landed on ballots this month, would have increased the state tax on tobacco in the Golden State by about a buck a pack.
FORBES: Proponents of California Tobacco Tax Increase Concede Defeat
The Public Accounts Committee (at 3.15pm) takes time out from chastising big companies over their tax arrangements to revisit a golden oldie - the troubled programme to provide the Navy with new aircraft carriers and strike capability.
Mr Duncan Smith said the tax break plan was not a "golden bullet" to preserve marriage, or about "finger-wagging or moralising".
BBC: NEWS | UK | UK Politics | Tories consider family tax reform
Beyond risk assessment, companies outside of TARP also implemented numerous changes indicating that good governance had become synonymous with the practices the government had mandated under TARP, such as the widespread adoption of clawbacks and reductions in perquisites, tax-gross-up payments, golden parachutes and supplemental retirement plans.
With the top 1% of taxpayers in most progressive countries providing over 30% of the total personal tax revenue, the loss of even a small number of Golden Geese means fiscal devastation to that country and its citizens.
Above all, he forgets a golden rule of public finance that he would do well to put alongside his rule on public borrowing: every tax preference is an increase in taxes on everything else.
After that, my fellow Forbes contributor Jerry Bowyer makes the point that a consumption tax would penalize those who spent their lives paying income taxes and delaying consumption, only to enter their golden consumption years giving the federal government a big cut.
FORBES: A Flat Tax Would Be Fine, A Consumption Tax True Perfection
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