Posted on 11/05/2009 11:19:03 AM PST by franky8
Reporting from Los Angeles and Sacramento - 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.
(Excerpt) Read more at latimes.com ...
Just increase the number of dependents you claim for withholding. 20 is a nice round number....
>> You’ll get the money back eventually.
In IOUs?
>> Just increase the number of dependents you claim for withholding. 20 is a nice round number....
That seems the obvious solution. But does anyone know if CA uses the same W-4 you fill out for the Feds, or two separate W-4 forms?
If it’s the same form for state and fed, you could screw up your federal withholding while “fixing” state.
Time to go back to a cash only economy.
Someday soon the people will wake up and REVOLT against this [THEFT] confiscation of property and wages.
Don't count on getting it back if the status quo public policy remains in Sacramento.
Even if CA uses the same W-4 as the Feds, I think it would be wise to claim a lot of dependants and then make an estimated quarterly payment to the feds.
But don’t let California have your money. You’ll only get IOUs back.
Here's a link to California's version of the W-4 called the DE 4. http://www.edd.ca.gov/pdf_pub_ctr/de4.pdf
Bump up the number of withholding allowances to reduce the state's take so you don't get a refund, which the state might delay paying or refuse to pay next year.
>> Even if CA uses the same W-4 as the Feds, I think it would be wise to claim a lot of dependants and then make an estimated quarterly payment to the feds.
That’s a good solution. Don’t forget to follow through on it though. ;-)
They’re forcing California taxpayers to loan them much needed cash for three or four months. Maybe longer.
>> It’s a different form.
Well there you go! My guess is, a large number of these babies are being filled out, even as we speak.
What is the income tax rate, with the added 10 %?
Of course we will....
bump
Man, just damn. You know “Ahnold” and company will deplay and/or refuse refunds. Sheeeez.....
Bump up your dependants and at the end of the year write them an IOU in crayon...
This reminds me of one of the Directives in Atlas Shrugged. Let California sink! We will rebuild it on the ashes of stupidity.
They are taxing income that is already greatly decreased. Why not just go into bank accounts and tax wealth. It is all sleezy, but large accounts could probably handle loaning out money easier than the average taxpayer, and it is just a loan until the stimulus really kicks in, right? Nancy Pelosi would not mind helping out, along with the wealthy Hollywood left, and the liberal tech CEO’s. Pony Up!
Fellow Citizens PLEASE wake up!!!!! There is a huge tax increase coming in 2009 and that is why they are increasing the amount deducted from taxpayers checks now ... because many people will owe the state when they file their 2009 tax return.
What the jerks in Sacramento are hiding from you is that they have DECREASED the dependent exemption from $309 in 2008 to $98 in 2009. What that means is you will lose $211 for each child you are able to claim as a dependent which will directly increase the amount of tax you OWE! In addition, California State Income Tax has been increased by .25% and the brackets are changing but I haven’t seen those yet.
Please look this up at Franchise Tax Board’s website. Taxes ARE going up big time ... thanks to the guys we have in Sacramento who don’t know how to stop spending. Can we please just vote these jerks OUT!!!! PLEASE!!!!
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