Additional Taxes on Employers

 I completely understand why nobody wants employees -- especially in California.  For starters, CA has the most restrictive employment laws in the world.  Employers are to pay for and provide just about everything imaginable for the employee, including places to breast feed their babies and to also provide toilets with a luxury brand of toilet paper that the employees claim does not chap their @sses.  

You think I'm making this up.

Gavin Newsom, who is the governor of California, has hopes of federal office someday despite his statements to the contrary.  We all know politicians lie.  This is his sure fire admission of his ambition.  

Here's where Newsom will get into a quagmire.  His California is in big trouble.  The rest of the nation knows it and wants nothing to do with it.  We have the highest taxes (on the so-called rich) coupled with the highest poverty.  If high taxes solved everything, California would be a model for the world.  

Cough.  Cough.  High taxes have backfired.  Big Time.

"Oh, California has a HUGE budget surplus and the state is awash in CASH," gushed the governor not so very long ago to the point of issuing checks (read:  bribes) to residents.

Really?  I pondered this question not so very long ago myself in a previous blog.  I correctly predicted that this sudden influx of cash was fools gold accompanied by CA legislative foolish behavior.  Nobody wanted to listen to me then.  

Where am I going with this?  California is in trouble.  California caters to illegal immigrants.  Democrats use illegals as a potential voting base by playing Santa Claus to them by giving them everything they want, i.e., free health care, free education, subsidized housing, etc.  The problem is that NOTHING IS FREE.  Every handout is at the expense of somebody else PAYING for it.  Meanwhile, hard-working, legal, Californians are struggling.  Nobody cares about them as they don't produce emotionally provoking headlines in the media. 

Republicans LOVE illegal immigrants as their slave work force.  They use them for cash-under-the-table jobs that are lower than legitimate employers can offer.  Sure, it's easy to give a low bid if the employer ducks workers' compensation insurance and does not pay into Social Security or other payroll tax obligations.  

I will venture to say that even democrats LOVE the illegal work force for the very same reasons republicans do.  They just won't publicly admit it.  

Well, well, well.......CA needs to collect even more payroll taxes to cover the enormous debt.  There is an additional FUTA tax and also an additional CA SDI tax on employers that somehow went unreported by mainstream media.   

Did I mention the mandatory additional sick pay to CA employees? 

No wonder employers are leaving CA in droves.  No wonder why nobody wants an employee in CA and everybody wants to classify them as an 'independent contractor.'  It's simply unaffordable otherwise.  

Texas????  Ohio????  Pennsylvania? ??????  Brace yourselves for the wave of middle to upper-income CA residents getting taxed to death.  

Don't believe me?  Here's a notice I got from QuickBooks payroll about the additional taxes ON EMPLOYERS because California has defaulted on their unemployment loans from the feds.  Why doesn't pretty boy Newsom or the media ever talk about THIS????????  Because it looks like shit on the democrats, that's why.  If the shoe fits...........

Dear Valued Customer,

Due to outstanding federal unemployment loans, CA and NY are subject to FUTA Credit Reduction for 2023. This means New York and California businesses will be assessed additional FUTA taxes on the Form 940 payment and filing for 2023. What is a credit reduction state? Some states take loans from the Federal Unemployment Trust Fund if they lack the funds to pay unemployment insurance benefits for residents of their states. If a state has outstanding loan balances for two consecutive years, the FUTA credit rate for employers in that state will be reduced until the loan is repaid.  This results in employers owing additional unemployment tax. You can get more information about the increased taxes and determine the rate increase for your state in our FUTA help article. What do I need to do? We will notify you by email in mid-January of the exact amount due so that you can ensure that the appropriate funds are available. Intuit will process debits for the additional tax owed after January 15.  In addition, we will prepare and file your Form 940 and Schedule A and pay the taxes due on your behalf by the January 31, 2024 deadline. To estimate the additional taxes you will owe, calculate the total 2023 wages paid for each employee in a credit reduction state, up to the maximum of $7,000. Multiply this by the percentage indicated for your state. To review a report with your 2023 FUTA wages: From your Assisted Payroll company file in QuickBooks Desktop, select the Reports menu, Employees & Payroll, then Payroll Item Detail Click Customize Report Select the Filters tab. Scroll down on the Filters list and select Payroll Item From the Payroll Item dropdown, select Federal Unemployment, then click OK Set the date range to January 1, 2023 through December 31, 2023 View your Total 940 FUTA wages from the Wage Base column of the report If you have employees in multiple states,you will need to calculate the FUTA wages for employees in each credit reduction state (CA and NY). We hope this notification helps your business prepare for the additional tax liability due in January for Federal Unemployment Tax. Sincerely, The QuickBooks Team

CA and NY are FUTA credit reduction states for 2023

 

More Do As I Say And Not As I Do: Newsom

 I found it ironic in the Sunday paper when Newsom, as Governor of California, has not released funding to cities for homelessness.  His catch?  He says that we (meaning local cities) all need to do better at the local level.  

Well, how exactly does that happen?  Newsom, you were Mayor of San Francisco and you could not help the homeless problem.  Now you are governor and you're demanding localities to solve a problem that you yourself could not solve....and now holding funding over heads for compliance.   

Wow.  What a chicken s*** way out.  Blame those lower on the ladder rung for an impossible task and control funding in the process.  

Sorry, I have no respect for somebody who demands an outcome they could not produce themselves.  

Gavin Newsom: Bribing the Masses

 Politics and politicians are very slimy.  Why anybody would choose such a profession must have an ego bigger than their brain.  They all make promises and think they have the solutions to problems that have been around since the dawn of time.  

The only thing that is constant and will never change is the very core of human nature.  I wish I could say that I'm impressed with homo sapiens.  We are the only species that destroys the very things that sustain life in order to accumulate inanimate objects that do not contribute to quality of life.  

Let's take California's so-called budget surplus.  Every state entity from: cities, counties, schools, universities, junior colleges, pension funds, infrastructure, health care facilities, etc., are constantly crying that they do not have enough money. Suddenly, there are BILLIONS of excess in California. Sorry, but this does not make any sense.

Governor Newsom is now planning on sending checks to households.  This smells to me of pandering and bribing so close to midterm elections.  The reasoning is rising gas prices. 

Let's think this through a minute.  With the climate crisis the last thing we should be doing is lessening the impact of rising gas prices.  People will only change when they become uncomfortable enough to pursue an alternative.  High gas prices will force people to ride public transportation, carpool, walk, and bicycle.  Staying in the zone of affordable gas prices will not prompt any changes that should have happened yesterday.  

Sure, there are the environmentalists who have led the charge on this.  However, by and large the masses will not change unless it's forced.  

 It's human nature.

Newsom: Cover Your Nose

So much ado about getting vaccinated with million dollar lottery incentives, social distancing, quarantines, donning a mask, etc., our own governor still can't set a good example.  It was not enough that he got caught breaking the COVID rules at the French Laundry.  Today he's pictured with impressionable kids in San Bernardino classroom incorrectly wearing a mask that does not cover his mouth and nose. 

 

It makes one wonder as to whom is really spreading the virus. 

Do As I Say And Not As I Do

Every wonder why all the television news anchors (and politicians) always look so fresh and neat?  Aren't they supposed to be 'shelter-in-place' with the rest of us?  Why does their hair not look ragged?  Why are they always so polished? ...and what of this of CA Governor Newsom jetting off this past weekend to Montana?  Oh yes, official CA business happens in Montana.  Isn't HE supposed to be sheltering-in-place like the rest of us? 

I don't buy for one second that they are all doing their own hair and make up. They mandate behavior they won't follow themselves.  If it's good for the goose, it's good for the gander. 

Yet, there they are....telling us all not to be selfish and to sacrifice for the greater good. FU. 

Hypocrites.  

Newsom, Pelosi, Brown, Getty

These four families are all inbred and their fortunes made on dubious terms.  One thing they all have in common - they are FAKE democrats.  They are not at all concerned about us, the lowly taxpayers.   They are only concerned with their iron grip on California politics, as they have for generations.  Why the media ignores the fact that Newsom is Pelosi's nephew is no coincidence. 

Failed Capitalism PGE and Failed Government PUC

Here's the ugly truth, y'all.  The answer is there is no answer.  Everybody is screaming at PGE for power shut-offs.  Think about it.  It's capitalism plain and simple.  People invest in the "market" which includes PGE to make money.  Sure, there are cute little tricks like short sales and investment loss harvesting, but the overall goal is for the investors to profit.  That's why they invest.  PGE upper management has to make the company look good (on paper at least) to attract more capital.  PGE is an antiquated source for energy.  It's going to be more and more difficult for PGE stay in business and churn a profit, which will make investors unhappy, which leads to more of the same declining state of power lines and maintenance.  With the installation of solar and alternative energy, unless PGE is actively behind such endeavors, their entire system of energy delivery is out of date.  They need to think forward with microgrids and battery storage. 

All large corporations are slow to adapt.  PGE is no different.  However, our dependence on them and the market forces that are happening are making the decision to rely on PGE is making the inevitable demise of PGE happen on an escalated scale.

sigh..... unkept power lines and devastating fires every October.  Sorry, there's no magic wand to make investors happy when thousands of miles of are in need of massive upkeep.  It costs MONEY.  PGE cuts corners to make the financial statements look good.  It's all in vein.  Sooner or later it all catches up. 

Which brings in the California PUC. 

Their job is to make sure that PGE is doing what they are supposed to be doing.  But guess what.  An appointment to the PUC is a political favor.  It's like appointing the fox watching the hen house.  I have never heard once a politician cast any blame at the PUC.  Coincidence?  I think not.  If any of our politicians had any guts and/or integrity, they would haul in the PUC for some answers to the lack of oversight and action.... but guess what...they've all been bought and paid for and are on an extended retirement vacation in the Bahamas. 

4-Que Feinstein, Newsom, Pelosi, and all you other fake do-gooders.  Just go on camera for ONCE and own up to your lack of results despite being in politics and making promises for decades.  ....and to think these clowns are so focused on impeaching the newcomer.