starting-sunday
California tax scheme
This is really off-topic, but … “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,” says the Los Angeles Times , going on »»» 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.
Continue reading »
