Calif. boosts income tax collection by 10 percent

AP on Yahoo ^ | 11/2/09 | Judy Lin - ap

[NormsRevenge]

SACRAMENTO, Calif. – California wage earners will soon notice a little less money in their paychecks.

Starting Monday, employers in the cash-strapped state are required to withhold 10 percent more in state income taxes to help ease the budget problems.

It's part of a plan to artificially inflate state revenue by $1.7 billion through next June.

Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it's technically not a tax increase since workers will get their money back after April 15.

[NormsRevenge]

It's OK. It's for the children.

[al baby]

of illegals

[MPJackal]

So the banks will be OK if I say I can't pay my mortgage because the STATE is borrowing my money, interest free of course?

[NormsRevenge]

‘boost boost boost’

Merrian Webster

http://www.merriam-webster.com/dictionary/boosts

Main Entry: 1boost
Pronunciation: \büst\
Function: verb
Etymology: origin unknown
Date: 1801

..

5 slang : steal, shoplift

[proxy_user]

You don’t have to loan it to them - adjust your withholding.

They are counting on the fact most people are too lazy to do this.

[EGPWS]

Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it's technically not a tax increase since workers will get their money back after April 15.

Where have I heard THAT before?

[Bean Counter]

The only problem is that California has already been handing out IOU’s in lieu of tax refunds.

I’m not sure this is legal, but unless someone musters up the cash and a good Shark to sue the State, there isn’t anything that anyone can do about this one.

The best advice I can offer is to get the hell out of California most skosh...

[A message]

0bama’s America, the shrinking paycheck.

Paycuts, tax increases, now this.

The result of voting for Democrats.

[BunnySlippers]

BUNP

[businessprofessor]

The good citizens (not illegals and their rat protectors) should bill the state for interest and penalties. We are seeing brazen theft by governments. This new trend of interest free loans is theft. In addition, taxpayers are not guaranteed to be repaid. Last year, the state issued IOUs instead of payments. Taxpayers become just another creditor under this fraudulent scheme. Shame on anyone who voted for this fraud.

[Achilles Heel]

The CA legislators are as arrogant and determined to have as many freebies for the “poor” that the middle class will endure. They don’t care what the voters think, and feel they will be re-elected anyway. This has been the pattern..tax and spend and get voted in. Why would they stop now?

[pnh102]

They don’t care what the voters think, and feel they will be re-elected anyway.

Sadly for California, this is true. A majority of voters there are literally insane. They keep voting Democrat and expect different results.

[T Minus Four]

And how exactly do they intend to enforce this? Hiring hundreds and hundreds of state employees to scrutinize everyone’s W4’s? Or wait until taxes are filed and then fine anyone who didn’t increase their withholding.

This is NUTS!

[Brilliant]

Goodbye, California.

[dbrew2u]

Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it’s technically not a tax increase since workers will get their money back after April 15.

Surely she jests ?

[Maceman]

it's technically not a tax increase since workers will get their money back after April 15.

It's technically a forced interest-free loan from the taxpayers to the government.

[Clint Williams]

I’m not sure this is legal, but unless someone musters up the cash and a good Shark to sue the State, there isn’t anything that anyone can do about this one.

They can do what I did a long time ago.

I got the heck out.

[elkfersupper]

You don’t have to loan it to them - adjust your withholding.

I would be doing that yesterday - claiming 30 dependents - especially given their propensity to "pay" creditors with IOU's.