Sunday, November 01, 2009
"Sacto's Tricks - The Latest is 10% Less in Our Paychecks"
This is California, but it wouldn't surprise me if other governments go this route.
Yes, the withholding can be changed by the individual; however, the root cause, out-of-control spending, continues to be ignored...
Yes, the withholding can be changed by the individual; however, the root cause, out-of-control spending, continues to be ignored...
I saw this posted by Tina on the NorCalBlogs website:
"Our lawmakers have a trick for you this Halloween. Starting Sunday 10% more will be withheld from paychecks to cover the states $1.7 billion shortfall in the budget. They say it isn't a tax increase, it's just an interest free loan that we will recover in April when we file our taxes. Gee thanks guys, we all feel much better now.
The provision is one of numerous maneuvers state lawmakers and Gov. Arnold Schwarzenegger approved in the summer to paper over the state's deficit. Many of the changes, including the extra withholding, were little noticed outside of Sacramento."
