I have just heard that on November first, California increases it's income tax with holding by 10%. The LA Times reports. Please note that this is not a tax increase, just a forced loan to the state. And it is only a 10% increase on the taxable amount. So roughly the same amount as your cable bill. John Marshall said that "The power to tax is the power to destroy." Many people are already plagued by wage cuts and other employer cut backs that put more burden onto the employees. The state of California has decided that they will not roll back all the expensive programs that they have enacted over the years. They will take more money from the people to cover their shortfall. 1.7 BILLION dollars in an interest free loan strong armed from already strapped California citizens. "The power to tax is the power to destroy." How many will be destroyed so that California can maintain their socialist policies?
Isn't it ironic, don't you think?