California takes interest-free loan from working people


	California takes interest-free loan from working people

sincitykitty

10-31-2009 1:10 PM

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sincitykitty says:

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.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/99efb7d7-9286-47f7-b4a8-9f5ff922c98e/50EE7709-D15A-4694-A9D7-C17361545FF0/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://hotair.com/archives/2009/10/31/california-takes-interest-free-loan-from-working-people/" href="http://hotair.com/archives/2009/10/31/california-takes-interest-free-loan-from-working-people/" style="font-size: 11px;">hotair.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hotair.com/archives/2009/10/31/california-takes-interest-free-loan-from-working-people/"><H2>California takes interest-free loan from working people</H2></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hotair.com/archives/2009/10/31/california-takes-interest-free-loan-from-working-people/"><P>As if working people in California didn’t have a tough enough time, they are about to see their paychecks get a little lighter, courtesy of their political class in Sacramento.  In order to help close a budget shortfall, the state will <A href="http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story">increase withholding from paychecks by 10%</A>, in essence forcing every working person in California to make an interest-free loan to the state:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://hotair.com/archives/2009/10/31/california-takes-interest-free-loan-from-working-people/"><P>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.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/50EE7709-D15A-4694-A9D7-C17361545FF0/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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