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Old 10-31-2009, 07:08 PM   #1 (permalink)
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California Tricks, Not Treats

California to withhold a bigger chunk of paychecks -- latimes.com

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California to withhold a bigger chunk of paychecks

The amount goes up 10% on Sunday as Sacramento borrows from taxpayers. Technically, it's not an income tax increase: You'll get the money back eventually.



Reporting from Los Angeles and Sacramento - Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners -- holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear.

Technically, it's not a tax increase, even though it may feel like one when your next paycheck arrives. As part of a bundle of budget patches adopted in the summer, the state is taking more money now in withholding, even though workers' annual tax bills won't change.

Think of it as a forced, interest-free loan: You'll be repaid any extra withholding in April. Those who would receive a refund anyway will receive a larger one, and those who owe taxes will owe less.

But with rising gas costs, depressed home prices and double-digit unemployment, the state's added reach into residents' regular paycheck isn't sitting well with many.

"The state's suddenly slapping people upside the head," said Mack Reed, 50, of Silver Lake. "It's appalling how brash that is."

Brittney McKaig, 23, of Santa Ana said she expects the additional withholding to affect her holiday spending.

"Coming into the holidays, we're getting squeezed anyway," she said. "We're not getting Christmas bonuses and other perks we used to get. So it all falls back on spending. The $40 gift will become a $20 gift."

The extra withholding may seem like a small amount siphoned from each paycheck, but it adds up to a $1.7-billion fix for California's deficit-riddled books.

More at link above...
 
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Old 10-31-2009, 07:28 PM   #2 (permalink)
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maybe they ought to look as raising the sales tax so all the illegals get to pitch in
 
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Old 10-31-2009, 07:33 PM   #3 (permalink)
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That's racist, Mike.
 
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Old 10-31-2009, 07:36 PM   #4 (permalink)
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I was referring to illegals of european decent, sorry for the confusion.
 
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Old 10-31-2009, 08:41 PM   #5 (permalink)
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I think they ought to auction off handgun carry permits. A sliding scale all the way from the Governator (20 round mag) to the Fife (one round in separate pocket).

Since hollywood is all about looking good concealed carry would not be allowed. Cruising in the bentley with your gold plated 92fs has to be worth a mill or two to those hollywood folks.

Well maybe not. So instead a tax on implants by cup size.
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Old 11-01-2009, 08:40 AM   #6 (permalink)
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The extra withholding may seem like a small amount siphoned from each paycheck, but it adds up to a $1.7-billion fix for California's deficit-riddled books.
No, not really. Its more of a stop gap, since they will just owe it later. A fix would require them to spend less, but that would cost too much money...

Edit: Sorry Suntzu. Was trying to quote the article and wasn't paying attention. It wasn't directed at you.
 
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Old 11-01-2009, 09:26 AM   #7 (permalink)
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No, not really. Its more of a stop gap, since they will just owe it later. A fix would require them to spend less, but that would cost too much money...
Not my quote. That's from the article.
 
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Old 11-01-2009, 09:31 AM   #8 (permalink)
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Originally Posted by Mike.357 View Post
I was referring to illegals of european decent, sorry for the confusion.
Hahahahaha
 
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Old 11-01-2009, 09:51 AM   #9 (permalink)
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Kinda like loaning money to a relative....you might get it back.
 
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Old 11-01-2009, 04:00 PM   #10 (permalink)
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All the taxpayers should up their claimed dependents and send a big "up yours" to Sacremento.
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