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.
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.
Do what I did.
No personal income tax.