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7 Replies Last post: Feb 21, 2008 8:32 AM by smlc_steven

California Bumped Up State Income Tax Rate by 10% On Nov 1

Nov 2, 2009 12:48 PM

Click to view karenH's profile Authority karenH 11 posts since
Mar 3, 2009

Effective on Nov 1, 2009, the amount of state income taxes withheld from California workers' paychecks is going up by 10 percent. For low-income earners, the california state withholding change has minor effects. However for those with higher wages, this state withholding change will have bigger impacts.


The latest california state tax table is available at:
http://www.halfpricesoft.com/taxrate-california-2009.asp


Halfpricesoft.com has updated the 2009 tax withholding tables on recent state personal tax changes for ezPaycheck 2009 payroll software. This update package is totally free for current ezPaycheck 2009 users.


This new payroll software update package is available for free download from:
http://www.halfpricesoft.com/payroll_software_update_2009.asp

Thanks,

Karen
http://www.halfpricesoft.com

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Click to view phanio's profile Mogul phanio 483 posts since
Apr 7, 2009
1. Re: California Bumped Up State Income Tax Rate by 10% On Nov 1 Nov 2, 2009 3:36 PM
in response to: karenH
Sad to see this happening - would be better if they found was to cut expenses. But, most politians only know how to rasie money (including taxes) but never understand how to cut costs - like nearly all businesses have to do these day. I guess it is just easy to rasie taxes instead of making hard choices. Raise taxes on Monday - then go play the rest of the week.

What is sadder - is that all states will follow. If you think about how much you pay in taxes now (state, local, federal) nearly half if not more goes out in taxes. if we keep this up - within a decade - you will only be working to pay taxes - there will be none left over for you. Plus, add in these healthcare bills and you will have to get a second job just to keep up with your tax obligations.

Sad but true!
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