KMIR 6 - Palm Springs News, Weather, SportsCalifornia Taxes
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SACRAMENTO, Calif. (AP) -- California wage earners will soon notice a little less money in their paychecks.
Starting Monday, employers in the cash-strapped state are required to withhold 10 percent more in state income taxes to help ease the budget problems.
It's part of a plan to artificially inflate state revenue by $1.7 billion through next June.
Brenda Voet, a spokeswoman for the state Franchise Tax Board, says it's technically not a tax increase since workers will get their money back after April 15.
A single wage earner making $51,000 a year with no dependents will get about $4 less a week.
For more information log onto: http://edd.ca.gov/Payroll_Taxes/2009_PIT_Schedules_Replaced.html
(Copyright 2009 by The Associated Press. All Rights Reserved.)
