California’s Hidden Payroll Tax!
Tuesday, February 8, 2012 – KUSI's Michael Turko has uncovered more fallout from California's desperate financial condition. Turko says the IRS is quietly collecting more money from every employer in the state to cover unpaid loans from the federal government.
In my last report I showed you how SDG&E's trying to get the Public Utility Commission to approve a hidden rate increase to cover their wildfire damages. Now I've learned that businesses all over California are getting hit with a hidden payroll tax, because the state borrowed money from the feds and never bothered to pay it back. It ain't right!