California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

The following list includes the TOP 10 TAX PROCRASTINATING CITIES IN AMERICA determined
by the number of tax returns electronically filed online via the TurboTax Online service from April
13-April 17, 2008 (previous year ranking in parenthesis):

1. San Francisco, Calif. – (#5) – The Golden Gate City takes the gold this year when it comes to
    tax procrastinators, moving up from number 5.

2. Houston, Texas – (#3) – After being booted from the number 1 spot last year, which they have
    claimed more than any other city (three times), Houston barely misses out this year coming in
    at number 2.

3. New York, N.Y. – (#2) – The “City that Never Sleeps” has made a habit of snoozing through 
    tax season. Although it has dropped one spot to number 3, New York has made it onto the
    top 10 list the last eight years.

4. Chicago, Ill. – (#1) – After taking the crown last year, the “Windy City” drops to number 4 on
    the list.

5. San Diego, Calif. – (#6) – The sun and sand are good distractions for San Diegans. Despite
    being home to TurboTax, San Diego manages to move up to number 5 this year.

6. Phoenix, Ariz. – (#13) – Returning to the list this year and making the biggest jump (from
    13 to 6) is Phoenix.

7. Seattle, Wash. – (#7) – Seattle coffee must come in handy for all those procrastinators at
    tax time. For the second year running, Seattle comes in at number 7.

8. Los Angeles, Calif. – (#10) – Too busy chasing down celebrities? Los Angeles has once
    again made its way onto the list at number 8.

9. Dallas, Texas – (#11) – The 9th largest city in the U.S. has gotten even bigger when it
    comes to tax procrastinators. Returning to the list this year is Dallas.

10. Las Vegas, Nev. – (#8) – Sin City proved to be too big of a temptation for taxpayers last
    year. Wrapping up the top 10 list this year is Las Vegas.

I am Tim Johnson and this has been the California Business Minute.