The fallout from the budget debacle in California has two little surprises not widely publicized by the media:
Surprise #1: Income tax rates will increase by 0.25% across all income levels.
Surprise #2: Beginning November 1, California will increase the state tax withholding on your paycheck an extra 10%. For example, if the state was withholding $80 per paycheck, it now increases to $88.
For those on tight budgets, this will only squeeze the taxpayer harder.
Read about it here:
http://www.ftb.ca.gov/aboutFTB/press/2009/Release_31.shtml
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment