Paychecks Shrink to Beef Up State Coffers
Updated 1:47 PM PST, Tue, Nov 3, 2009
You may notice a little less in your paycheck starting this month. California employers are now required to withhold 10 percent more in state income taxes to help ease the budget crisis.
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, said it's technically not a tax increase since workers will get their money back after April 15.
You'll still probably see the difference. For example, a person making $51,000 a year will get about $4 less a week.
Copyright Associated Press / NBC Bay Area
First Published: Nov 3, 2009 6:54 AM PST
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