Calif Withholding tax - More to come - The Hull Truth

Glen E · 11-09-2009, 09:07 AM

My brother received this from his employer this morning:

From: payroll
Sent: 11/09/2009 11:00 AM EST
Subject: California State Tax Increase

Dear Employee,

Effective November 1, 2009, you may notice a change to the state income
tax withholding in your paycheck. Due to the recently signed
legislation, the California State tax withholding rates will reflect a
10 percent increase until the end of the calendar year.

In accordance with the passage of Assembly Bill x4_17, California has
issued modified tax withholding schedules that will be in effect
November 1, 2009 – December 31, 2009. Under these modified schedules,
employees will see an increase in the amount of state income taxes being
withheld from their paychecks.

This means that the amount withheld from your paycheck for state income
tax will be 10 percent greater than it is now for a two-month period.
For example, if you currently have $20.00 withheld, you will now have
$22.00 withheld from your November and December paychecks.

Although California does not consider this a tax increase, they merely
refer to it as accelerated tax payments. The increase is a way for
California to accelerate revenue to the state.

The modified schedules can be downloaded from the California Employment
Development Departments website at:
www.edd.ca.gov/Payroll_Taxes/Rates_and_Withholding/htm.

Questions can be directed to the Franchise Tax Board with regards to
personal income tax withholdings changes as a result of this new
legislation. The FTB can be reached at 1-800-852-5711 or via their
website at www.ftb.ca.gov.

In addition, the state supplemental tax withholding rate will increase
to 6.6%, up from 6%.

Information regarding Supplemental Wages can be found on the Internal
Revenue Service (IRS) website at www.irs.gov. Search for Publication 15
- Employer’s Tax Guide.

hhi angler · 11-09-2009, 09:24 AM

Just the start of the failure of the CA spending binge with a lot more to follow. The taxing will have the affect of making it a state of haves and have nots with no in between.

SeaJay · 11-09-2009, 09:46 AM

Maybe this will incite the voting public to get rid of the bums that don't know anything about reducing spending and instead just keep raising taxes. I doubt it, but will hope for the best. Someday.

mattmuttsmithx · 11-09-2009, 09:46 AM

Nothing will change. They can take more more more and we will never see a noticeable difference. The states will never have "enough."

There is really nothing we can do about it.

Eyeball · 11-09-2009, 10:24 AM

Quote:

Originally Posted by Glen E

My brother received this from his employer this morning:

From: payroll

Your brother should be reading THT.

http://www.thehulltruth.com/dockside...er-abx417.html

DFreedom · 11-09-2009, 12:29 PM

That is what happens when you offer services to illegals that pay nothing into the system. I am still trying to figure out how my step-mother who is from Slovakia and has never paid a dime into the system is drawing social security. Talk about screwed up.

Eyeball · 11-09-2009, 02:05 PM

Ahh, that is just a local response to a global agenda. Can't blame Calif for that, but we can blame the overall political ignorance of the typical American. Most Americans don't have a clue how much they are enslaved to that agenda, or how whittled down their freedoms are now. Calif is just following along, and it would be stupid beyond compare to believe Calif is in anyway diff than the other 50 states in that regard. Reference: the political ignorance of the typical American is keeping the illusion of a 2 party system alive -- and that in return is what has brought us to where we (America) is with its trashed economy -- and that is what allows Calif to get away with its current scheme of tax withholding.

Lat25 · 11-09-2009, 03:34 PM

State income tax in Florida prohibited by constitution. Vote with your feet, Caleefornia.

blackfinmike · 11-09-2009, 04:04 PM

Quote:

Originally Posted by mattmuttsmithx

Nothing will change. They can take more more more and we will never see a noticeable difference. The states will never have "enough."

There is really nothing we can do about it.

X2,X2

bsmit24 · 11-10-2009, 07:06 AM

Quote:

Originally Posted by Lat25

State income tax in Florida prohibited by constitution. Vote with your feet...

Florida does have a corporate income tax with which they could do a similar thing. Worst of all they could probably garner support for it and the majority of the people would not realize that the tax just gets passed on to them.

Voting with your feet is always an option and especially for the individual but is a little more difficult for business with equipment, trained work force, customer base, etc.