Business News
The Board of Equalization’s August 2010 Economic Perspective is now available, providing analysis of income levels and spending patterns.
“The Board of Equalization makes useful economic information available through a variety of means”, said Chair Betty T. Yee. “The Economic Perspective is one more example of the BOE’s ongoing efforts to broaden the scope of information available to taxpayers, policy makers, and the general public.”
BOE’s Economic Perspective this month takes a look at what Californians and others spend their money on, based on the income level in which they fall.
The BOE’s outlook is based on 2008 U.S. Bureau of Labor Statistics (BLS) data, the most recent available that measures spending across income groups, and examines the relationship between incomes and expenditures.
One noteworthy item in the report is spending on cigarettes and tobacco products. Unlike any other BLS category, the percentage of income spent on these products decreases at each income level; while the highest-earners spend 0.7 percent of their income on cigarettes and tobacco products, the lowest-earners spend 3.2 percent of their income on them.
In addition to cigarettes and tobacco products, the August newsletter discusses 2008 income and spending on taxable goods such as new/used vehicles and restaurant meals, as well as trends in California taxable sales during the national recession.
The August 2010 Economic Perspective can be read here: www.boe.ca.gov/news/epcont.htm.
Chairwoman Betty T. Yee was elected to her post in November 2006. Her district includes many of California's coastal counties, from Del Norte to Santa Barbara, and includes the entire San Francisco Bay Area.
The five-member California State Board of Equalization (BOE) is a publicly elected tax board.
The BOE collects more than $48 billion annually in taxes and fees supporting state and local government services.
It hears business tax appeals, acts as the appellate body for franchise and personal income tax appeals, and serves a significant role in the assessment and administration of property taxes.
For more information on other taxes and fees in California, visit www.taxes.ca.gov.
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LAKEPORT – There are more than 100 different marketing tactics and strategies, and most of them are ineffective and expensive.
Are you aware that some of the most effective marketing techniques are nearly free?
Invest in yourself and your business by attending “59 Minutes to a Better Business: Marketing on a Dime” on Monday, Sept. 13, at Lakeport City Hall, 225 Park St., Lakeport.
The workshop will take place from 6 p.m. to 6:59 p.m.
Come and discover, listen, and learn about scores of free, or nearly free, actions and tactics that you can do tomorrow.
See concrete examples of actual marketing materials that you can duplicate and start using in your retail or service business.
Get ideas on how to better leverage your marketing dollars.
Learn how to combine procedures and actions that will drive more sales and ultimately give your more profits.
Whether you are a retail or service business you can create and combine winning marketing campaigns and strategies that will make you more successful. You can do most of these for almost nothing.
This could be the most cost effective time you ever spent on yourself and your business.
Bring your tape recorder, your pad and pencil and be prepared to be overwhelmed with new marketing concepts you never even considered.
Register now for this presentation, which is free for Lake County Chamber members and only $10 per person for nonmembers.
Online registration is available at www.lakecochamber.com or call 707-263-5092.
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