Do what I did.
No personal income tax.
Posted on 10/30/2009 7:20:07 PM PDT by no-s
AB 17 which was enacted by the California legislature and signed by Governor Schwarzenegger, requires the California Franchise Tax Board to adjust the payroll withholding table with an increase. The payroll withholding tables apply to pensions, as well as wages.
AB 17 will increase payroll withholding by 10 percent, effective for wages paid after October 31, 2009. Withholding on supplemental wages increase from 6 percent to 6.6 percent effective for supplemental wages paid after October 31, 2009 and for stock options and bonus payments it will increase from 9.3 percent to 10.2 percent.
(Excerpt) Read more at examiner.com ...
Oh, it's not more taxes - your tax liability is not increased. The state would just like to belly up to your wallet for a 0% interest rate loan, thankyou very much.
Beware when changing your withholding. The state has modified the circumstances for backup withholding. Thousands of California taxpayers have already been socked for erroneous assessments and garnishments, and told they will be refunded with next years tax return (including Mr. and Mrs. No-S, who had to pay $700 last month in order to avoid an erroneous DOUBLE GARNISHMENT of $1400 over a $30 payment error - we may see that money again next year, hahahah).
We protested - they escalated. What's an honest person to do? What do you think?
Just claim lots of dependents.
Time to move.
It's Time all right. But I aint movin no more. It's Time in the Claire Wolfe sense. I'm outraged. I predicted this earlier this year and Mrs. No-S then thought I was addled.
She worked an extra shift tonight and someone in payroll told her. She called me and asked if I'd changed my withholding yet.
Y’all come on down to Texas. California has great weather...but so does Texas...and we don’t charge you for it.
This is the end result of the government having the power not just to tax, but to take at will.
Is it time to lock-n-load yet?
Didn’t the Feds also “advance” lower rates at the beginning of this year? (which will be a tax liability if not offset by deductions)
It seems worse than an interest free loan. You become just another creditor when the state cannot pay its bills. You will be forced to overpay your taxes and then your refund will be withheld, perhaps paid with an IOU.
And if you pay too much you don’t get a refund either, just an IOU.
Thanks for the invite; I must caution, you really don’t want a lot of my neighbors there, P - ing in your soup.
LOL! right...
Lets not and say we did... .
Do what I did.
No personal income tax.
Seriously though, Texans are nice, and the tax situation is nice, but the weather sucks.
This is what happens when our elected officials don’t grow a pair and tell every group with their hand out...”NO MORE ENTITLEMENTS” They tax me $1.00 and spend $2.50... then cry that there’s not enough money to cover commitments. Then raise my taxes to $3.00
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