CA Accepts Its Own IOU’s
Oh man, this is rich. Today the Sacramento Bee reported that the State of CA Franchise Tax Board will accept CA issued IOU’s as payment for personal and corporate tax bills. I guess that’s one way to force tax payers to cough up the coin since only a few area banks are accepting IOU’s and only for existing customers. Robbing Peter to pay Paul.
That’s sorta like getting your tax refund ganked when you owe back child support. Never mind the monkey’s teeth, watch out for his tail.
