I'll take one of each.
Posted on 02/11/2009 4:32:23 PM PST by hercuroc
Q: What are some of the tax breaks in the bill?
A: It includes Obama's signature "Making Work Pay" tax credit for 95 percent of workers, though negotiators agreed to trim the credit to $400 a year instead of $500 — or $800 for married couples, cut from Obama's original proposal of $1,000. It would begin showing up in most workers' paychecks in June as an extra $13 a week in take-home pay, falling to about $8 a week next January.
There is also a $70 billion, one-year fix for the alternative minimum tax. The fix would save some 20 million mainly upper-middle-income taxpayers about $2,000 in taxes for 2009.
(Excerpt) Read more at news.yahoo.com ...
I'm sure after he sees Drudge's headline on his blackberry, Community Organizer 44 will be giving another damage control presser.
Singles making more than $70,000 and couples making more than $140,000 get nothing.
The increase in prices at the pump by June will wipe out that $13.
OK, I will say it — Jobs for newly minted Mexican voters.
I'll take one of each.
No thanks President Obama.
Who is the author of the article doing this math?
$400 divided by 52 weeks is $7.69, not $13 a week.
Maybe he should use his stimulus to buy a calculator.
Thirteen bucks is not going to make up the difference that the bank says my house is worth compared to what I actually paid for it.
Idiots tell me that even though I put more $$$ into the house than they did, they have more equity.
I'll thank Congress with various degrees of contempt for their actions.
Meanwhile, my Democrat voting Contractor can sit around trying to figure out just why I canceled the deal.
Wow - that won’t even cover my “Welfare for the poor 35 year-old children” donation through smoking...
The American taxpayer has been PWNED...!
I don’t know how much or where you eat... but $13 a week won’t get ‘er done for me.
Remind me to use that $13 for one lunch a week.
And who are the 20 million who get the $2000 tax break?
Mufflers for everyone!
“Maybe I’ll go to the movies...by myself.” -Butler from the movie “Trading Places”
Out of all those billions for a bunch of pork (that WE will end up paying for), what gets trimmed is the actual money to taxpayers hands???? The $1000 to couples was a joke as it was, now even that was reduced???? Talk about a low blow, what losers The Rats really are and all the dufusses who voted for them.
So where is my free car and gas??? LOL
TANSTAAFL
Which tax break is that?
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