State income tax will be withheld 10% in everyone's paychecks in California without the permission of the citizens, without a vote in the state assembly, and without the Governor seeking permission. They say it is not an income tax increase, it is simply a quick loan for the state, of which you will get back at income tax time.
The State of California is broke, and they are figuring they have to get the money somehow, so taking it from the populace as everyone struggles to survive in this economy, and every dollar counts, is their plan.
The progressives that have run this state into the ground for the last four decades have officially become tyrannical.
This is a "forced" withholding. The State of California is stealing from the populace, and doing it without our voice.
How long before the federal government catches on and does the same thing?
The officials say 10% is only a small amount, but for those counting pennies it could mean the difference between paying bills or not, or even being able to buy food.
The breakdown is as follows:
From a single taxpayer earning $51,000 a year with no dependents, the state will be grabbing an extra $17.59 each month, according to state tax officials. A married person earning $90,000 with two dependents would receive $24.87 less in monthly pay.
Experts are expecting California to continue to collect the tax at a higher rate for many years.
As for the promise to pay us back, how does a broke state do that? IOUs?
It is possible to get out of them taking extra by increasing the number of personal withholding allowances claimed on employer tax forms.
The largest concern is that this decision to steal from Californians comes at a ttime when the holiday shopping season is coming, a time in which many small store owners depend on to keep their businesses in survival mode.
Consumer spending is already in a tail spin, and California has been suffering more than most of the rest of the nation under this economic collapse. This move by Sacramento will kill any economic growth we may have seen coming, despite the fact that they believe it will have a small impact on the consumer's income.
As I said already, every penny counts, and they are simply making it harder for citizens to survive. This is a great example of government doing whatever it takes for its own survival, at the expense of the citizens, short of cutting spending.
The progressives still don't get it. The problem is not a revenue problem, it is a spending problem.
-- Political Pistachio Conservative News and Commentary
California to withhold a bigger chunk of paychecks - Los Angeles Times
No comments:
Post a Comment