To: nametrader
I used a double cheeseburger, 99 cents at the time, to explain this to my son. Very relevant now with these faux tax cuts obama it spouting on about. What good is $13 a week in someone’s check if the taxes on process chain of every single thing you would ever want to buy goes up? He and I need to revisit that talk now that a double cheeseburger is $1.19 here...
2 posted on
04/16/2009 4:23:27 AM PDT by
allmost
To: allmost
4 posted on
04/16/2009 4:31:17 AM PDT by
allmost
To: allmost
What good is $13 a week in someones check . . . .
I hope that you have taken proactive steps to ensure that you don't pay a penalty next tax year for what you acurately describe as zero's "faux tax cut".
The "tax cut is a smoke ' mirrors game. Nothing has been cut. The witholding tables have been tinkered with to take $13 less per week from everyone's check, but the tax rates for 2009 are unchanged. So, everyone who doesn't increase their witholding to offset the tax "cut" will be paying taxes on that $13/week next year.
A lot of taxpayers are in for a nasty shock next tax season.
5 posted on
04/16/2009 4:57:23 AM PDT by
DustyMoment
(FloriDUH - proud inventors of pregnant/hanging chads and judicide!!)
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