It’s not as good as you think.  Rather the reduction is a result of the expiration of the increase contained in the 2009-2010 budget.  All personal income tax brackets will go down by .025%.  Enjoy….until the 2011 crew buts it back on the ballot.

Tags: budget, California tax rate, income tax, tax credits

This entry was posted on Sunday, January 2nd, 2011 at 4:40 pm and is filed under Tax News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.