justinb138 0 #1 November 16, 2009 QuoteReporting 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? Quote Share this post Link to post Share on other sites
Lucky... 0 #2 November 16, 2009 QuoteQuoteReporting 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? Hey, it's probably at least signed by your Governator, if not dreamed up by him. Quote Share this post Link to post Share on other sites
kbordson 8 #3 November 16, 2009 Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Quote Share this post Link to post Share on other sites
wayneflorida 0 #4 November 16, 2009 Yes. Remember, they have guns and can use force. Quote Share this post Link to post Share on other sites
Gawain 0 #5 November 16, 2009 Quote Quote Quote 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? Hey, it's probably at least signed by your Governator, if not dreamed up by him. Dude, if you only knew the half of the creative thinking coming out of Sacramento...So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
justinb138 0 #6 November 16, 2009 Quote Quote Quote Quote 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? Hey, it's probably at least signed by your Governator, if not dreamed up by him. Dude, if you only knew the half of the creative thinking coming out of Sacramento... It seems that if they spent half as much effort trying to actually solve the budgeting issue & cutting spending as they did coming up with questionably-legal tax collection schemes, they wouldn't have the need for them in the first place. Quote Share this post Link to post Share on other sites
Gawain 0 #7 November 16, 2009 Quote Quote Quote Quote Quote 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? Hey, it's probably at least signed by your Governator, if not dreamed up by him. Dude, if you only knew the half of the creative thinking coming out of Sacramento... It seems that if they spent half as much effort trying to actually solve the budgeting issue & cutting spending as they did coming up with questionably-legal tax collection schemes, they wouldn't have the need for them in the first place. Not quite half of their budget shortfall (around $8B) was "solved" by pushing those obligations into the next fiscal year...et voila!! It's magic!! So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
Andy9o8 0 #8 November 16, 2009 Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." I didn't realize Republican Governor Schwartzenegger used that campaign slogan the last 2 times he was elected. Learn something new every day. Quote Share this post Link to post Share on other sites
quade 3 #9 November 16, 2009 Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Why are you implying this has anything to do with Obama? That's just silly.quade - The World's Most Boring Skydiver Quote Share this post Link to post Share on other sites
chutem 0 #10 November 16, 2009 QuoteQuoteReporting 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? In April they'll probably repay the loan with an IOU. James Quote Share this post Link to post Share on other sites
Ion01 1 #11 November 16, 2009 Quote Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Why are you implying this has anything to do with Obama? That's just silly. Because its the same policies that got california into the situation they are now that the federal government, under obama, is currently implimenting. Its pretty clear. Quote Share this post Link to post Share on other sites
kallend 1,647 #12 November 16, 2009 Quote Quote Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Why are you implying this has anything to do with Obama? That's just silly. Because its the same policies that got california into the situation they are now that the federal government, under obama, is currently implimenting. Its pretty clear. Why omit R. Reagan and George W. Bush, the great architects of Voodoo Economics?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
kelpdiver 2 #13 November 16, 2009 I've been waiting for some sort of announcement from payroll on this. It seems like you could thwart it with a different exemption count, if you can segment fed versus state. Quote Share this post Link to post Share on other sites
mnealtx 0 #14 November 16, 2009 Quote Quote Quote Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Why are you implying this has anything to do with Obama? That's just silly. Because its the same policies that got california into the situation they are now that the federal government, under obama, is currently implimenting. Its pretty clear. Why omit R. Reagan and George W. Bush, the great architects of Voodoo Economics? Because O-bow-ma is doing it bigger and better than they did - taking money from the rich and giving it out to the poor.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
Andy9o8 0 #15 November 16, 2009 Quote Quote Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Why are you implying this has anything to do with Obama? That's just silly. Because its the same policies that got california into the situation they are now that the federal government, under obama, is currently implimenting. Its pretty clear. Wow. That was more of a stretch than most yoga experts ever achieve. (Six degrees of separation, I guess...) Quote Share this post Link to post Share on other sites
billvon 2,427 #16 November 16, 2009 >Because O-bow-ma I have to say, the right wing has failed miserably in coming up with an offensive nickname for Obama that has sticking power. I mean, Obamer? O-bow-ma? What does that even mean? Not only not very denigrating, it's not even that memorable. Quote Share this post Link to post Share on other sites
StreetScooby 5 #17 November 16, 2009 Quote it's not even that memorable. I'm starting to hear HNIC, alot.We are all engines of karma Quote Share this post Link to post Share on other sites
Remster 24 #18 November 16, 2009 QuoteQuote it's not even that memorable. I'm starting to hear HNIC, alot. Classy.Remster Quote Share this post Link to post Share on other sites
mnealtx 0 #19 November 16, 2009 Quote>Because O-bow-ma I have to say, the right wing has failed miserably in coming up with an offensive nickname for Obama that has sticking power. I mean, Obamer? O-bow-ma? What does that even mean? Not only not very denigrating, it's not even that memorable. You must have forgotten about this thread, or your posts in it trying to defend him. I'm sure it just slipped your mind. Maybe that 90 degree bow in front of Hirohito was just Obama looking for his approval ratings, then.Mike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
billvon 2,427 #20 November 16, 2009 >You must have forgotten about this thread, or your posts in it trying to >defend him. I'm sure it just slipped your mind. Nope. I didn't think of it because it really had nothing to do with this topic. >Maybe that 90 degree bow in front of Hirohito was just Obama looking for his >approval ratings, then. No, it was clearly because he hates the US and wants to place the US under control of Japan. I mean, duh. Quote Share this post Link to post Share on other sites
georgerussia 0 #21 November 16, 2009 QuoteForced Loan? Is this the "politically correct" term for theft? There is even more crap in the budget which they call "accounting gimmicks", which is technically a way of shifting current debt to 2010. One of them, for example, is to pay state workers on Jul 1, 2010 instead of June 30, which is then paid from 2010 budget. Since I read it the first time I wondered what the state would do if you just refused to withhold more taxes than you owe. Especially what can the state charge you for? This is obviously not tax avoidance, because at the end of tax year you pay what you owe (you will just get a smaller return), so what is this? Current California legislature is just disgusting, especially its Democratic part. I hope none of them gets reelected.* Don't pray for me if you wanna help - just send me a check. * Quote Share this post Link to post Share on other sites
billvon 2,427 #22 November 16, 2009 Sounds like it's a sneaky way to run a deficit. Quote Share this post Link to post Share on other sites
kbordson 8 #23 November 17, 2009 Quote Quote Quote Forced Loan? Is this the "politically correct" term for theft? Welcome to "change." Why are you implying this has anything to do with Obama? That's just silly. Really?! Isn't He THE ONE IN CHARGE? Shouldn't he be LEADING BY EXAMPLE? THE BUCK STOPS WHERE??? When he begins on a platform of "Change"... and there is none. Promises "transparency" but then tries to push through legislation without an allowance of time for it to be read.... HE'S THE PRESIDENT. He should act like it. But... it's an administration of "change" Quote Share this post Link to post Share on other sites
billvon 2,427 #24 November 17, 2009 >Promises "transparency" but then tries to push through legislation without >an allowance of time for it to be read.... That angle worked for a few months. But after a few months, people are going to start to think that all the people claiming "I can't read it in just a few months!" aren't going to read it . . . ever. Quote Share this post Link to post Share on other sites
Lucky... 0 #25 November 17, 2009 Quote Quote Quote Quote 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. 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. http://www.latimes.com/business/la-fi-state-tax31-2009oct31,0,2028140.story Forced Loan? Is this the "politically correct" term for theft? Hey, it's probably at least signed by your Governator, if not dreamed up by him. Dude, if you only knew the half of the creative thinking coming out of Sacramento... You're right, tax cuts, my friends. Raising taxes is bad, look at Hoover, cutting taxes worked for him. Quote Share this post Link to post Share on other sites
