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Politics : Politics for Pros- moderated

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To: alanrs who wrote (332192)	11/4/2009 9:02:46 PM
From: Neeka	1 Recommendation Read Replies (2) of 793986

Calif accelerates income tax collection 10 percent Last Update: 11/03 12:28 am Print Story \| Set Text Size Small Set Text Size Medium Set Text Size Large Set Text Size X-Large More theft going on in Cali due to incompetent representatives who can't help themselves. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SACRAMENTO, Calif. (AP) — California wage earners may notice a little less in their paychecks starting this month. Starting Nov. 1, California employers are required to withhold 10 percent more in state income taxes to help ease the state's budget problems. It's part of a scheme to accelerate tax collections so the state gets the money sooner. It is expected to artificially inflate state revenues by $1.7 billion through next June. Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it's technically not a tax increase since wage earners will get their money back after April 15. Still, it might feel like one. For example, a single wage earner making $51,000 a year with no dependents will get about $4 less a week. khsltv.com

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