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To: dalereed
It’s a 5% sur tax if you owe money when you file your tax return.

No. It's a 5% surcharge on your TOTAL state income tax liability. Your liability is covered through withholding, quarterly estimated tax payments or a check you send in with your Form540 on April 15th.

44 posted on 02/15/2009 9:56:29 AM PST by So Cal Rocket (I am John Galt...)
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To: So Cal Rocket

Of course it’s on the total but if you don’t owe anything at the end of the year it doesn’t apply, only if you owe.


45 posted on 02/15/2009 10:01:35 AM PST by dalereed
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For Californians and those interested in what’s going on in Sacramento join the ‘Head On A Stick’ Tax Revolt here:

http://www.kfiam640.com/pages/johnandkenshow/

Listen, or stream the show, live coverage of the Budget mess monday through friday this coming week at 3pm pacific.

If it passes with the tax increases, the campaign will be continued!


46 posted on 02/15/2009 10:02:00 AM PST by msnpatriot
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