California Tax Refunds are now being processed
After several months of holding Californians hard earned money, the state has lifted the hold on Tax Refunds. You better believe I’m going to file a new DE (or W4) and change my withholdings so that I actually owe the state a small amount.I’ve always prided myself in giving CA a nice interest free loan and then get my money at the end of each year, but this year all that changed. lax airport . This year I actually looked at using the money to buy a house, but nope that got delayed nearly 2 months thanks to holding of my taxes (I filed mid Jan).CA really shot themselves in the foot by pulling this nonsense as I’m sure the amount of taxes they get from people who withhold too little will go way down.Guess I’m happy that I’ll get my refund within the next 25 days (still uggg)..If you want, check the status of your refund on the ftb website http://www.ftb.ca.gov/online/refund/index.aspLATIMES has a nice article:http://www.latimes.com/news/local/la-me-tax-refunds7-2009mar07,0,1633884.story
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[...] California Tax Refunds are now being processed | Ben Kevan's Blog [...]
It’s a shame that the state of California is in such economic ruins that they are unable to return the overpaymnets by their residents. It’s hard to be a tax collector when you can’t even pay your bills.
la office space,
Don’t even get me started. At least CA is finally starting to realize that you have to make cuts, and not just increase taxes.
How I see the current administration running the US, is exactly how CA got into our financial mess, only at a much greater scale and with added fuel (called a printing press).
We are going to way over correct deflation (which at a small scale wouldn’t have been too bad, as it is normal correction). This will cause some pretty high inflation with interest rates going crazy, which in turn again will drop housing prices (affordability index anyone?). ..
We’re in a mess and we’re trying to print our way out of it, and holding foreclosures back is pro-longing the process. Give more incentives, and give more money to the people to allow it to start flowing into the system.
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