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The tax increases that the legislature and the Governor have us in February have already been felt. But, not as much as next April when you pay the higher income taxes.
"For only the second time in 30 years, the tax board is lowering the point where each tax bracket begins, bumping many people into a higher category. At the same time, officials are cutting back some deductions. Everyone will pay more, even people whose bracket or income doesn't change.
The extra sums will total as much as $140 per family, on top of the increases previously enacted."
This on top of the doubling of the vehicle registration fee, the increase in sales tax and various other fees.
Now you know why unemployment is growing in California.
More...
"For only the second time in 30 years, the tax board is lowering the point where each tax bracket begins, bumping many people into a higher category. At the same time, officials are cutting back some deductions. Everyone will pay more, even people whose bracket or income doesn't change.
The extra sums will total as much as $140 per family, on top of the increases previously enacted."
This on top of the doubling of the vehicle registration fee, the increase in sales tax and various other fees.
Now you know why unemployment is growing in California.
More...