The real Schwarzenegger porn awaits his election as governor.
The guvenator, not content to take some hapless saps clothing, is reaching deep into your wallet as well. From the LA Times:
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.Except, of course, if the state is technically bankrupt again next year when all us poor saps go to file our taxes. Also, when Jimmy the Nose collects a forced interest free loan from us, we usually call that extortion. Look at what happened last February when the state was broke.
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. Those who would receive a refund anyway will receive a larger one, and those who owe taxes will owe less.
However, you can fight back. In another case of BDaddy taking his own financial advice, I went on my employer's pay website and increased my number of claimed deductions to offset the increased deductions the state is taking. If you want to protect yourself against another bankruptcy in California next year, then you want to owe taxes, not waiting to be stiffed, in all senses of the term. If you're worried about owing too much, pay extra to the feds, so you can file early with them and use the refund check to pay the state.
Fight back California, force these fornicators to reduce spending.
Tyrants,...time for a revolucion!
ReplyDeleteIt is not tyranny for our elected representatives to raise taxes. That is taxation WITH representation. The real tyranny in California comes from the 2/3 requirement in the Legislature to raise taxes. That means that people who are against raising taxes when needed get twice as many votes as people who support a tax increase. That is not fair. It only takes a majority vote in the Legislature to cut spending. So if spending is not being cut that must be because a majority of the legislature supports programs that the people want.
ReplyDeleteJoe,
ReplyDeleteThanks for reading and commenting. The reason for the 2/3 rule you cite is that a large number of the voters pay little to no taxes; to prevent their representatives from running amok, there is a two-thirds rule.
However, that was not my point anyway. How is it honorable for the withholding rate to be such that the average taxpayer will have to file for a refund to get their money back? Will they be compensated with interest? If I decrease my withholding so that I owe more than 10%, the state will penalize me, but if my refund is greater than 10% I get no reward. Where is the justice in that?