Posted by Jon Fleischman at 12:00 am on Sep 15, 2008 Comments Off on This Budget Deal Wins No Beauty Contests
Democrats don’t want to cut any more. Republicans don’t
want to tax Californians any more.
The great divide is measured in billions. So how do you
arrive at a budget that closes this gap, without cuts, and without
taxes? Enter the crazy left-wing bean counters who, for their
Democrat bosses, can come up with every trick or gimmick.
Get this one — part of the "deal" allegedly is to basically
force every California taxpayer to pay their taxes — earlier.
How, you ask? Well if you are a salaried employee, while your
total tax liability to the state doesn’t change (that would be a
tax increase, right?), your employer will now take out the taxes
you do owe earlier in the fiscal year. So you’ll pay more
state taxes in August – December than you will from January –
June. And if you are an individual or a business paying
quarterly taxes? Gone will be your quarterly payments, each
25% of your… Read More