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Why not? Doesn't California realize tax revenue from capital gains? I think so...
Because the projection the poster linked to was not a projection of tax revenue from all capital gains. It was a projection of the revenues from the sales of FB stock in the FB IPO
California Watches Projected Tax Revenues From Facebook IPO Sink With Stock Price - AllFacebook
But in reflection I hope their projections work out as predicted.
Your link is BS. It refers to a projection by the Legislative Analyst’s Office, which has no authority on the budget. Furthermore, they did not claim that the share price would be $45. They merely calculated what the revenues would be *IF* the share price went that high
Paying so much attention to some internet blog for financial information doesn't make one knowledgeable