The State of California this week began hitting up it’s tax base for Payday loans. A little discussed change embedded in the crisis budget the State passed allows California to raise state withholding to 10%. This isn’t a tax increase though. Oh no, it’s a short term loan. California will refund your money in your tax return. Sure they will. They expect to pull $1.7 billion into the State Treasury thereby making California appear solvent (as if), and giving the state “wiggle room” during their current financial meltdown. All I can say is Kvatch and I got out in the nick of time. So long suckahs!