The Tax Preparation Blog

Archive for the ‘California Taxes’ Category

Question: California residence only.?

Coming this November 7th is the election and Propisition 86 is to raise taxes on tobacco. Is it really fair for us smokers to pay almost $8 for a pack of cig? especially knowing this tax increase is really not going for good causes. Opinion anyone?

Answer: Well I don’t smoke and I will be voting against this proposition as well as Prop 87. In fact any initiative on the ballot that will raise taxes will be voted against by moi.

Editorial: Pension tsunami sweeps into Stanton

The Stanton City Council, facing a $3 million budget shortfall, voted unanimously March 25 to put before city voters a “utility tax” of an additional 2.5 percent. The tax ought to be offensive on its face to Stanton taxpayers and even more so because the ballot measure’s title does…

Raw Video: Governor Discusses Budget Crisis

Question: in california does the percentage of tax taken out of your paycheck differ each time?

I make 15.00hr and last week I worked 25.5 reg hrs and 3.5 ot hrs. i calculated the total taxes taken out (i claim 1 single) at around 17%. this week I worked 40 reg hrs and 21.5 ot hrs and the total taxes taken out this time was almost 28%. BS! I was so looking for a different better number on my check! So does the total taxes percentage differ from paycheck to paycheck depending on what you earn each pay period?

Answer: Yes, it can differ considerably when your hours vary that much.

Robert Rizzo, aide accused of conspiracy in Bell corruption scandal

Former city administrator and his assistant conducted an elaborate plan to conceal benefits and bypass state law by hiding their true pensions, an indictment says. Former Bell City Administrator Robert Rizzo and his assistant spent seven years conspiring to illegally boost their pensions, created fake contracts, secretly increased their benefits and then filed workers’ compensation claims as …

Cold War Kids – We Used To Vacation

Question: Is State Income Tax Payments deductiable from my federal income tax?

I am new to filing taxes and I live in California.Can I deduct the total amount I have paid in state income tax from the total amount I owe in federal income tax on my tax return?

I am filing as a single person.

Answer: You can’t deduct the total paid in state income tax from what you owe in federal income taxe, but what you can do is you can deduct your state Income Tax Payments on Schedule A itemized deductions on state or sales taxes line 5. You have the choice of taking either. But you have to itemize for the state income taxes to do you any good, and if you itemize and deduct state income taxes, then if you get a refund it’s taxable to you in the next year.

Income tax tables and guide to the deduction of tax from dividends, interest, ground rents, etc., for the use of secretaries, accountants, commercial … in the payment of income tax and super-tax $17.99 This book was digitized and reprinted from the collections of the University of California Libraries. Together, the more than one hundred UC Libraries comprise the largest university research library in the world, with over thirty-five million volumes in their holdings. This book and hundreds of thousands of others can be found online in the HathiTrust Digital Library.HP’s patented BookPrep tech…

A recorded deposition concerning presentment for tax payment, (University of California publications in Semitic philology) …

Local government and state aid: an essay on the effect on local administration & finance of the payment to local authorities of the proceeds of certain imperial taxes $12.99 This book was digitized and reprinted from the collections of the University of California Libraries. Together, the more than one hundred UC Libraries comprise the largest university research library in the world, with over thirty-five million volumes in their holdings. This book and hundreds of thousands of others can be found online in the HathiTrust Digital Library.HP’s patented BookPrep tech…

Brown releases plan for Calif. pension changes

(03-31) 18:17 PDT Sacramento, Calif. (AP) — Gov. Jerry Brown released a 12-point proposal to revamp California’s public-employee pensions Thursday, drawing immediate outcry from state workers complaining that it asks…

California controller to suspend tax refunds, welfare checks

Question: Filing a 2005 Tax Return; Should I put my old or current address?

I am just now filing for 2005 Federal. At the top of the 1040 form, should I fill in:
a. the California address where I lived when I made all the money, or
b. the Oregon address I am at now where they correspond with me?

Answer: Your current address.

LLC or Corporation? How to Choose the Right Form for Your Business $4.69 The only book devoted to the most important business decision you’ll make. Your company has grown — now it’s time to upgrade your legal structure to something that will protect you and your assets, as well as provide other benefits. In other words, your business is ready to become either a corporation or a limited liability company. The question is, “Which one?” The answer isn’t always clear — b…

A short address to the public: containing some thoughts how the national debt may be reduced and all home taxes, including land tax, abolished $9.99 This book was digitized and reprinted from the collections of the University of California Libraries. Together, the more than one hundred UC Libraries comprise the largest university research library in the world, with over thirty-five million volumes in their holdings. This book and hundreds of thousands of others can be found online in the HathiTrust Digital Library.HP’s patented BookPrep tech…

Business taxes: cash-strapped states get aggressive, creative: although Congress continues to debate legislation that addresses this confusion for … An article from: Franchising World $9.95 This digital document is an article from Franchising World, published by International Franchise Association on December 1, 2009. The length of the article is 744 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.Citation DetailsTitle: Business taxes: cash…

California Budget Setback Imperils Brown

Gov. Jerry Brown won’t be able to move forward with his agenda until he bridges a $15.4 billion budget gap

California’s State Budget – Weekly Address – 10/08/2010

Question: California Liberals have enacted the largest tax increase in history, but revenues are down $237 million?

California Revenue for August is DOWN $237 million, despite a massive tax increase.

In March 09, Liberals raised taxes a record $12Billion dollars on struggling Californians, the net result appears to be massive business defections to nearby low tax states, massive unemployment, layoffs, and plunging revenue.

California continues its downward spiral at a faster pace than pre-tax increase.

Can some SMART LIBERAL explain how raising taxes INCREASES revenue?

http://www.sco.ca.gov/eo_pressrel_6115.html

Governor Shriver (aka Arnold ) is a left wing RINO
MODE-RATE I guess you’re not smart enough to answer the question about taxes and revenue ?

LOL
Funny how no liberals can defend tax increases, guess Reagan was right – cut taxes !

Answer: California is the template of what’s in store for America as a whole.

Of Rule and Revenue (California Series on Social Choice and Political Economy) $45.00 Margaret Levi’s wide-ranging theoretical and historical study demonstrates the importance of political relative to economic factors in accounting for revenue production policies….

Field Poll: Voters favor balanced approach to budget

Californians are more likely to favor extending tax increases than cutting most parts of the state budget, a recent California Field Poll found. The poll — which surveyed a random sample of 898 registered voters between Feb.

Many Banks Burning; Tax Revenue Still Crashing; Pay up or lose Health Care