Results 1 to 25 of 27
-
11-11-2009, 11:52 PM #1Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
Lame :( California Increases Income Tax Witholding By 10%
This does not affect me (I do not live or work in California), but the story surprised me. :-/
Check out the excerpt:
Some call it California's cash advance.
Effective today, the amount of state income taxes withheld from California workers' paychecks will increase 10 percent.
That might sound like a tax increase, but state officials insist that's not the case.
Yikes...
-mike
-
11-12-2009, 12:11 AM #2Corporate Member
- Join Date
- Feb 2008
- Location
- Houston, Texas, USA
- Posts
- 3,262
Wow, that's mind boggling. Is there another source besides Sacbee?
Regards
JoeUNIXy - Fully Managed Servers and Clusters - Established in 2006
Server Management - Unlimited Servers. Unlimited Requests. One Plan!
cPanel Varnish Plugin -- Seamless SSL Caching (Let's Encrypt, AutoSSL, etc)
Slow Site or Server? Unable to handle traffic? Same day performance fix: joe@unixy
-
11-12-2009, 12:16 AM #3Web Hosting Master
- Join Date
- Sep 2008
- Location
- Dallas, TX
- Posts
- 4,568
The Sacramento Bee is very respected source for news in California. I'm sure you can probably find it on CNN.com also if you look.
The 10% withholding tax is wayyyyyyyy too much, it's definitely just a cash advance for California. The whole state is bankrupt, they have creative lawmakers.Jacob Wall
-
11-12-2009, 12:18 AM #4Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
Sure thing, Joe. See the Google News search on this.
You can find the recent articles on this by the Los Angeles Times and the Wall Street Journal (results #2 and #3 right now).
-mike
-
11-12-2009, 12:39 AM #5Web Hosting Master
- Join Date
- Nov 2003
- Location
- Southern Cal
- Posts
- 1,284
It's true.
I live in Cali and it's all over the news here.
-
11-12-2009, 12:58 AM #6Web Hosting Master
- Join Date
- Nov 2002
- Posts
- 4,667
It is not a 10% withholding tax. It's a 10% increase in the withholding tax -but annual tax owned does not increase - just the amount withheld.
FTB said a single person earning $51,000 annually with no dependents and one withholding allowance will see his or her weekly withholding rate go from $40.58 to $44.64, an increase of $4.06.
-
11-12-2009, 01:29 AM #7Junior Guru
- Join Date
- Jun 2008
- Posts
- 205
Why don't they just reduce the government by 10% ?
People should be totally pissed off and recalling - YES A RECALL - all their state assembly people right now.
Everyone's going broke and all the bureaucrats can think of is sucking more money from the people to keep non product producing government jobs?
-
11-12-2009, 02:38 AM #8Web Hosting Master
- Join Date
- Feb 2002
- Location
- Australia
- Posts
- 24,027
The mind boggles.
Feel sorry for those working in that state, getting gouged by their elected officials. Maybe move to a low tax high growth state.• WLVPN.com • NetProtect owned White Label VPN provider •
• Increase your hosting profits by adding VPN to your product line up •
-
11-12-2009, 04:01 AM #9Web Hosting Master
- Join Date
- Apr 2004
- Location
- SF Bay Area
- Posts
- 879
This is nothing new. The elected officials in this State have consistently reinforced their total incompetence, especially in the last 20 years. Doesn't matter who is in office nor what party is in power - they all stink.
If you think about it legislators are like teenagers being allowed to run around the mall with an American Express Black card. They haven't passed a budget on time in years and this year was especially bad, mainly because they had to re-arrange the deck chairs on the Titanic. They should be forced to show they can balance a checkbook BEFORE they are allowed to take office. Seriously. Let's write a law into the books on that one.
When times are good, they spend, spend, spend. When times are bad they spend, spend, spend. There is virtually no fiscal restraint here. They point fingers at each other and blame this year's crisis on each other - the Governor says it's the legislature's fault, the legislature says it's the Governor's fault (partisan bickering) - meanwhile the Controller is cutting IOUs, most public workers are being furloughed 4-8 weeks of the year (or more), and we're all bracing for this to be even worse next year. State revenues are way down and it's not going to be getting any better any time real soon. This is yet another band-aid that will suck more money out of BOTH paychecks and unemployment checks (since, comically, you still have to pay taxes on your UI checks).
Who knows if we have the will to vote them out. We publicly recalled a terrible Governor recently, though we replaced him with someone who is arguably even worse.
-
11-12-2009, 08:12 AM #10Web Hosting Master
- Join Date
- Feb 2002
- Location
- Australia
- Posts
- 24,027
So high taxation doesn't lead to a socialist paradise? Who would have thunk it?
• WLVPN.com • NetProtect owned White Label VPN provider •
• Increase your hosting profits by adding VPN to your product line up •
-
11-12-2009, 12:21 PM #11Hosting Billing Master
- Join Date
- May 2003
- Location
- California, USA, Earth
- Posts
- 1,098
It's definitely true. My wife noticed the extra money being withheld from my paycheck.. no advanced notice.. nope. It's outright theft.
I am absolutely fed up with California. Texas, you are looking mighty appealing.
-
11-12-2009, 12:39 PM #12Web Hosting Master
- Join Date
- Aug 2001
- Location
- Boston
- Posts
- 1,568
Look at the figures though...taxes are not being increased.
For a married person earning $145,000 annually with two dependents and no withholding allowances, the weekly increase is $16.90
-
11-12-2009, 02:02 PM #13Disabled
- Join Date
- Apr 2009
- Posts
- 3,262
Do government officials get rate yikes while they do bad jobs? Probably.
Why does the government not make new businesses that are government operated to make some more cash flow? That would bring more workers and raise money for the government. The government needs to find a new source of income instead of taking it from everybody.
-
11-12-2009, 04:27 PM #14WHT Addict
- Join Date
- May 2009
- Posts
- 145
Kyle Haynes - Limestone Networks - Director of Sales & Marketing
Dedicated Server Hosting - Premium Network - Passionate Support - Fusion Reseller Platform
Dallas Datacenter - Unmanaged and Managed Services - Intel Sandy Bridge Now Available!
@LimestoneInc - Dedicated Server - 877.586.0555 x126
-
11-12-2009, 04:29 PM #15Web Hosting Master
- Join Date
- Sep 2008
- Location
- Dallas, TX
- Posts
- 4,568
Kyle,
Did you know there's an exponential growth here in Dallas, they think that Dallas is going to grow by 33% in the next coming years. :O
Can you imagine all the traffic? *shrugs*
@pphillips,
Stay in California, even with the terrible tax rates, etc, it's 10x better than here.Jacob Wall
-
11-12-2009, 04:34 PM #16WHT Addict
- Join Date
- May 2009
- Posts
- 145
Kyle Haynes - Limestone Networks - Director of Sales & Marketing
Dedicated Server Hosting - Premium Network - Passionate Support - Fusion Reseller Platform
Dallas Datacenter - Unmanaged and Managed Services - Intel Sandy Bridge Now Available!
@LimestoneInc - Dedicated Server - 877.586.0555 x126
-
11-12-2009, 04:36 PM #17Web Hosting Master
- Join Date
- Sep 2008
- Location
- Dallas, TX
- Posts
- 4,568
-
11-12-2009, 06:49 PM #18Web Hosting Master
- Join Date
- Feb 2002
- Location
- Australia
- Posts
- 24,027
• WLVPN.com • NetProtect owned White Label VPN provider •
• Increase your hosting profits by adding VPN to your product line up •
-
11-12-2009, 09:22 PM #19Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
-
11-12-2009, 11:00 PM #20Disabled
- Join Date
- May 2009
- Location
- US
- Posts
- 2,503
Uh oh.. I'm in California. It would be lovely if I could move to Texas...
Last edited by VL-Adam; 11-12-2009 at 11:07 PM.
-
11-12-2009, 11:04 PM #21Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
-
11-12-2009, 11:06 PM #22Disabled
- Join Date
- May 2009
- Location
- US
- Posts
- 2,503
-
11-12-2009, 11:14 PM #23Web Hosting Master
- Join Date
- Feb 2002
- Location
- Australia
- Posts
- 24,027
• WLVPN.com • NetProtect owned White Label VPN provider •
• Increase your hosting profits by adding VPN to your product line up •
-
11-12-2009, 11:19 PM #24Web Hosting Master
- Join Date
- Nov 2007
- Location
- Dallas, TX
- Posts
- 9,064
-
11-13-2009, 03:26 AM #25Hosting Billing Master
- Join Date
- May 2003
- Location
- California, USA, Earth
- Posts
- 1,098
Jacob, what about California is way better than Texas?
I went to Dallas in May, and am going back in February. I looked at several dozen homes in the North Dallas area (Frisco/McKinney) and loved what I saw. Homes are 3-5 times cheaper and 3-5 times better than Orange County where I live. People are nicer. The sky is clearer.
Of course the weather isn't as nice as California, but trading a 10% state income tax for no state income tax. Moving from a state that does everything possible to smash small business to one that is pro small business.. it sounds appealing. Very appealing.
You guys both in the Dallas area?
Paul
Similar Threads
-
Co-lo and nexus for income tax purposes? Specifically NJ
By fsusa in forum Colocation, Data Centers, IP Space and NetworksReplies: 1Last Post: 05-17-2004, 12:44 AM -
LLC in California - Minimum Tax ???
By PCplayground in forum Running a Web Hosting BusinessReplies: 17Last Post: 03-26-2004, 06:38 PM -
Income Tax
By 123x in forum Running a Web Hosting BusinessReplies: 16Last Post: 10-04-2003, 04:33 AM -
ATTN UK People! Income Tax?
By UkHostingInc in forum Running a Web Hosting BusinessReplies: 9Last Post: 02-19-2003, 09:04 PM