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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (54241)	8/28/2009 6:02:25 PM
From: TobagoJack	2 Recommendations Respond to of 217789

this is what happens when math-challenged folks make warped laws, per just in in-tray California's taxes rise even further on account of - get this - deflation! State taxes going up because of deflation snip: In 1982, California voters approved a proposition that indexed state income tax rates to inflation. So each year, the California Franchise Tax Board adjusts tax brackets and certain deductions and credits for inflation. The annual adjustment is tied to the California Consumer Price Index, and it usually goes up. Indexing is designed to prevent people from paying higher taxes as their incomes rise proportionately with inflation. But when inflation turns negative, indexing works in reverse. Tax brackets and credits are adjusted downward. If your income remains the same, the result is a tax increase. Read more: sfgate.com sfgate.com