Archive for November 5, 2009

Your thoughts

Posted in Uncategorized on November 5, 2009 by urstupidnourstupid

Congress is extending unemployment benefits. What do you think?

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You’ll enjoy this

Posted in Uncategorized on November 5, 2009 by urstupidnourstupid

I received this email today at work…

ALL ACADEMICS AND STAFF AT UCSD (including Medical Center)

SUBJECT: Acceleration in State Personal Income Tax Withholding

In response to the ongoing State budget crisis, the California
Legislature enacted Assembly Bill 17 accelerating the withholding of
State personal income taxes. The intent is to generate an additional 10
percent in payroll tax withholdings assuring the State will receive more
tax revenues throughout the year. The new rates will be reflected on
the November 25, 2009 bi-weekly payday and the December 1, 2009 monthly
payday and will remain in effect through the end of the year.

(I like this part especially)
It is important to note that AB 17 is not a tax rate increase, it is a
payroll tax withholding acceleration program. While the withholding
amounts have increased, the underlying state tax rates that determine
the taxes employees owe in 2009 have not changed.