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To: dalereed

I’m sorry, sir... but you are wrong.

Let’s say you made $50,000 last year and your state income tax liability was $2,000.

Over the course of the year your employer withheld $1,900 from your paycheck for California State Income tax withholding - and you owe $100 when you file your taxes.

The surcharge would be 5% of $2,000 ($100), NOT 5% of $100 ($5)


48 posted on 02/15/2009 10:09:25 AM PST by So Cal Rocket (I am John Galt...)
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To: So Cal Rocket

That’s exactly what I said!

iF YOU HAVE PAID ENOUGH DURRING THE YEAR THAT YOU DON’T OWE ANYTHING WITH YOUR RETURN THERE IS NO 5% PENALTY.

If you owe one cent there is a 5% surcharge on the entire tax amount.

BTW, go straight to hell!


50 posted on 02/15/2009 10:15:50 AM PST by dalereed
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To: So Cal Rocket
That's exactly what dale reed said, only he used less words.

Read a little slowlyer for proper comprehension.

71 posted on 02/15/2009 12:59:29 PM PST by Syncro (Ti Ming -- Use Librally)
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