Loaner
This is one of the scariest things I’ve ever seen. Cali is increasing withholdings by 10%. But it’s OK because it’s not a tax increase. See, they’re just borrowing money from you. And will pay it back. Oh and you don’t have a choice in the matter. After all, who would willingly loan money to an organization in the financial shape California is in?
November 3rd, 2009 at 10:29 am
And don’t forget, it is a 0% interest loan.
November 3rd, 2009 at 10:40 am
Most likely to be paid back in scrip, to boot.
November 3rd, 2009 at 10:56 am
If only there were a word to describe someone who “borrows” something without your permission…
November 3rd, 2009 at 11:09 am
I seem to remember California was issuing IOUs for refunds. Quick Google got me this
http://turbotax.intuit.com/support/kb/state-taxes/state-issues/7541.html
So how come nobody is screaming about that when coupled with increasing the withholding?
November 3rd, 2009 at 1:22 pm
I gotta get me some tar futures
November 3rd, 2009 at 1:43 pm
We’re a test-case for the rest of you guys…
November 3rd, 2009 at 5:31 pm
Yup, the IOUs will go out April 16th.
November 4th, 2009 at 4:06 am
Jay Leno held a bake sale for California. Maybe it’s time to hold a car wash?