California to withhold a bigger chunk of paychecks

**Jason** · 11-02-2009, 07:38 PM

Reporting from Los Angeles and Sacramento - Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners -- holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear.

Technically, it's not a tax increase, even though it may feel like one when your next paycheck arrives. As part of a bundle of budget patches adopted in the summer, the state is taking more money now in withholding, even though workers' annual tax bills won't change.

Think of it as a forced, interest-free loan: You'll be repaid any extra withholding in April. Those who would receive a refund anyway will receive a larger one, and those who owe taxes will owe less.

http://www.latimes.com/business/la-f...tory?track=rss

Acenator · 11-02-2009, 08:08 PM

I'd feel sorry for the people of California, but they did vote for these guys and ask for all the programs that is driving the state into so much debt. I wonder how long it will take before the state either declares bankruptcy and/or finally cuts some major spending.

Remember, you can't have anything without (someone) having to pay for it.

**simpswr** · 11-03-2009, 03:07 PM

Hard to feel sorry for anyone over a self-inflicted wound

bry623 · 11-04-2009, 06:31 AM

Quote:

Originally Posted by simpswr

Hard to feel sorry for anyone over a self-inflicted wound

This gets my vote for quote of the year.

**simpswr** · 11-04-2009, 07:31 AM

yustr · 11-04-2009, 09:34 AM

Governing is easy when times are good. Its a completely different challenge when they're bad.

If you look at the top and bottom tiers of (typical) rankings of POTUS you'll see those who faced and overcame great challenges ranked high (Washington, Lincoln, Wilson, Roosevelt). Those who faced limited challenges are almost always mid-pack (excepting Jefferson and Reagan). And then there are those who just fail (pre-and post Lincoln surrounding the Civil War and those between the WW's).

POTUS RANKING WIKI LINK

~~MichaelTech~~ · 11-05-2009, 10:49 AM

Not everyone gets to avail themselves of that difference come tax time.
Qualifying for certain credits has been changed, and it does'nt matter how much you have paid in, exemptions have been lowered too. As a single adult male, making under/at $40,000 a year, with no write-offs, I get hosed. Pay in $9,000, get less than $500.
Thanks, Demoncrats.

bry623 · 11-06-2009, 07:07 AM

Ouch.

11-02-2009, 07:38 PM	#1 (permalink)
Jason Faugh a ballagh Join Date: Dec 2001 Location: Pasco, FL Posts: 8,465 OS: Windows Vista My System Blog Entries: 2	California to withhold a bigger chunk of paychecks Reporting from Los Angeles and Sacramento - Starting Sunday, cash-strapped California will dig deeper into the pocketbooks of wage earners -- holding back 10% more than it already does in state income taxes just as the biggest shopping season of the year kicks into gear. Technically, it's not a tax increase, even though it may feel like one when your next paycheck arrives. As part of a bundle of budget patches adopted in the summer, the state is taking more money now in withholding, even though workers' annual tax bills won't change. Think of it as a forced, interest-free loan: You'll be repaid any extra withholding in April. Those who would receive a refund anyway will receive a larger one, and those who owe taxes will owe less. http://www.latimes.com/business/la-f...tory?track=rss __________________ Posting Tips \| Advice for New People \| Common Fixes \| Agus na damnaithe fágtha gan focal Glaoigh ormsa i measc na naomh

11-02-2009, 08:08 PM	#2 (permalink)
Acenator Registered User Join Date: Jun 2009 Location: Deer Park, Washington Posts: 142 OS: Windows Vista SP2, Windows XP SP3	Re: California to withhold a bigger chunk of paychecks I'd feel sorry for the people of California, but they did vote for these guys and ask for all the programs that is driving the state into so much debt. I wonder how long it will take before the state either declares bankruptcy and/or finally cuts some major spending. Remember, you can't have anything without (someone) having to pay for it.

11-03-2009, 03:07 PM	#3 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,157 OS: XP, Vista, Win 7	Re: California to withhold a bigger chunk of paychecks Hard to feel sorry for anyone over a self-inflicted wound __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

11-04-2009, 07:31 AM	#5 (permalink)
simpswr Moderator Hardware Team Join Date: May 2007 Location: Houston, Texas Posts: 12,157 OS: XP, Vista, Win 7	Re: California to withhold a bigger chunk of paychecks __________________ Rich MemTest86 \| BenchTest \| Virus/Trojan/Spyware Help How to post a Screen Shot \| PC running slow?

11-04-2009, 09:34 AM	#6 (permalink)
yustr Asst. Manager, The Conversation Pit Join Date: Sep 2004 Location: Connecticut shore Posts: 6,036 OS: XP Pro My System	Re: California to withhold a bigger chunk of paychecks Governing is easy when times are good. Its a completely different challenge when they're bad. If you look at the top and bottom tiers of (typical) rankings of POTUS you'll see those who faced and overcame great challenges ranked high (Washington, Lincoln, Wilson, Roosevelt). Those who faced limited challenges are almost always mid-pack (excepting Jefferson and Reagan). And then there are those who just fail (pre-and post Lincoln surrounding the Civil War and those between the WW's). POTUS RANKING WIKI LINK __________________ If there are lawyers or politicians involved, logic may be a very poor tool for reaching a conclusion.

11-05-2009, 10:49 AM	#7 (permalink)
~~MichaelTech~~ Troubled Join Date: Jul 2009 Location: Simi, Ca. Posts: 170 OS: XP Pro/Corporate	Re: California to withhold a bigger chunk of paychecks Not everyone gets to avail themselves of that difference come tax time. Qualifying for certain credits has been changed, and it does'nt matter how much you have paid in, exemptions have been lowered too. As a single adult male, making under/at $40,000 a year, with no write-offs, I get hosed. Pay in $9,000, get less than $500. Thanks, Demoncrats.

11-06-2009, 07:07 AM	#8 (permalink)
bry623 Manager, The Conversation Pit/Analyst, Security Team Join Date: Apr 2002 Location: NW Territory circa 1787 Posts: 11,692 OS: winxp pro sp2	Re: California to withhold a bigger chunk of paychecks Ouch. __________________ "If you aren't a liberal when you're 20, you have no heart. If you aren't a conservative when you are 50, you have no brain"