Nov 2nd, 2009 - Boston
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SACRAMENTO, Calif.—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.
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Nov 2nd, 2009 - Newsmax
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.
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