Feb
05
2013

Keep an eye out for California’s 1Q tax revenue.

They’ll tell us whether the higher-than-expected tax revenue that came in at the end of 2012 were the result of true economic improvement in California, or whether the extra revenue that was collected reflected business transactions being rushed to be finalized before the imposition of California’s new 2013 taxes.

Based on Cash for Clunkers, I’m going to guess that it’s the latter, but then I guessed that Mitt Romney was going to win the election. So there’s that. Then again, we’ll know in a couple of months.

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