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09-28-2022 05:26 AM
Sorry, TEXAS is a mess
09-28-2022 05:27 AM
What do you mean " Boooooooo" ....
You don't pay state income tax!
09-28-2022 11:57 AM
@Linmo wrote:@qvcaddition The amount depends on your 2020 income and filing status. Here is the chart from the Franchise Tax Board website. Sorry for the small font!
I was able to enlarge it, thank you. I get the 350.00. I am an elderly senior on fixed income. Oh, would it help,
09-28-2022 11:38 PM
@Linmo wrote:@hckynutjohn @shoekitty I deliberately left the income levels out of the original post because I thought it would cause a hoopla among non-CA residents. For married and head of household residents, the AGI needs to be below $500,000. For single residents, it's below $250,000. It is being paid by the state due to a budget surplus. Property tax is not a factor.
Many folks outside of CA don't realize the housing prices and cost of living here.
Shoekitty said: You are correct about the cost of living here!!! . Friends and grandkids can't find rentals in this area. Minimum rental for a home w about 4,000@ mo and up. To buy a home it is about a million on up, I don't know how a young person can come up with down pmt, especially with interest. Gulp. Our home is paid for, I feel so blessed.
09-29-2022 02:15 AM
@hckynutjohn wrote:
@icezeus wrote:It's not a bribe. California is a reliably Blue State so there is no one to bribe before an election.
I agree 100% with you that "California is a reliably Blue State".
Just did some searching and found this article about the California budget.
"The State faces an operating deficit beginning in 2021-2022 and throughout the outlook period, growing to $17 Billion by 2024-2025".
Deficit/Surplus? Hmmm! Someone isn't doing good math.
hckynut 🇺🇸
The CA state Legislative Analyst Office projects a $31 billion surplus for 2022-2023 and surplus through 2025-2026.
In 2021 there were fears of a deficit due to coronavirus but in fact the state also ended up with a large surplus. The state sent out $600 checks last year.
09-29-2022 08:34 AM
I just read that California has a $49 billion surplus and that is why they are returning money to the taxpayers.
09-29-2022 09:01 AM
What does being a blue state have to do with surpluses? Many states, both red and blue, have issued refunds to taxpayers because of surpluses.
I think someone is trying to insert politics in the message boards.
09-29-2022 10:21 AM
@teganslaw wrote:What does being a blue state have to do with surpluses? Many states, both red and blue, have issued refunds to taxpayers because of surpluses.
I think someone is trying to insert politics in the message boards.
This is hardly the only instance of that, if someone said that. Political posts are everywhere here now. I haven't seen any announcements about the code of conduct having been changed. I think it's due to less moderation.
09-29-2022 11:04 AM
I don't know if this point was made already, but seniors already taking their IRA required minimum distributions would have a lower income in 2020 because that distribution was not required for that year because of the pandemic.
Interesting post, thanks, @Linmo.
09-29-2022 01:21 PM
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