It is not true that the state of California is going to be taking an additional 10% of your earnings for taxes
. That is nothing more than a myth.
Effective November 1st, the state is going to start an accelerated tax withholding rate
which will increase the amount of taxes being withheld by 10%. But even this is just an acceleration in your withholding, and is not actually going to increase your taxes. Any amount they over withhold will be paid back to you at the end of the year as a refund.
As an example, if they currently withhold $20.00 per week from your paycheck to cover CA state
tax, effective Noember 1st your withholding will increase by 10% to $22.00. But the actual amount of tax you owe is not going to increase. So at the end of the year you will still get the full credit
for paying in $22.00 a week rather than $20.00 a week, and the state will refund anything to you that was over withheld.
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