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!!)
To: DustyMoment
It is labeled as credit isn't it? Which would leave everyone receiving it liable for tax penalties who would otherwise ‘break even’. I see audits from the IRS going up substantially. One of the few realms of ‘law’ the dems are willing to happily enforce on the common citizen is confiscation of their funds.
6 posted on
04/16/2009 5:08:06 AM PDT by
allmost
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson