Not very good to California taxpayers!  Starting this month the state of California will be withholding an additional 10% from your income.  This is not to be considered a tax increase but rather a "forced" interest free loan, WHAT!!!  That's right, you will be paid back the withholding when you file your income tax returns in April, interest free that is.  The extra withholding is predicted to add up to a $1.7-billion dollar budget bandage! 

How will this new interest free loan that you are giving the state affect you?  Cick here to find out.