Your California Income Tax Bill just went up - for your internet purchases, per the following table.
The California State Board of Equalization (BOE) announced that it approved a 2011 Use Tax Look-Up Table for calculating and reporting estimated California use tax on your individual STATE income tax returns.
The intent of the table is to make it more convenient for taxpayers not registered with the BOE to comply with their use tax obligations by giving taxpayers the option to report their estimated use tax liabilities, determined from a use tax table, instead of calculating and reporting their actual unpaid use tax liabilities.
The FTB provides the Use Tax Look-Up Table as part of the California income tax return instructions for calendar year 2011.
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The Board today approved the 2011 Use Tax Look-Up Table as follows:
ADJUSTED GROSS INCOME (AGI)
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EXTRA USE
TAX LIABILITY
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less than $20,000
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$7
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$20,000 to $39,999
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$21
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$40,000 to $59,999
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$35
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$60,000 to $79,999
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$49
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$80,000 to $99,999
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$63
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$100,000 to $149,999
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$88
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$150,000 to $199,999
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$123
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More than $199,999
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Multiply AGI by 0.070%
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