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Old 09-03-2009, 02:00 AM   #1 (permalink)
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Default LAT: CA Taxes; FTB Rate Shift




Even higher taxes coming for Californians
Lower brackets and reduced deductions mean yet higher payments to Sacramento for 2009.

By Shane Goldmacher
August 27, 2009

Reporting from Sacramento - While Californians are still feeling the sting of income and
sales tax hikes signed into law earlier this year, now comes news that state tax authorities
plan to take a little more from their pockets.

For only the second time in 30 years, the tax board is lowering the point where each tax
bracket begins, bumping many people into a higher category. At the same time, officials
are cutting back some deductions. Everyone will pay more, even people whose bracket
or income doesn't change.

The extra sums will total as much as $140 per family, on top of the increases previously
enacted...

http://www.latimes.com/news/local/la...,1796963.story
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