Posted on 04/15/2009 10:45:31 AM PDT by Sub-Driver
Absolutely. It is NOT a tax cut, it is 13 dollars a week, which you will be lent until next tax day, 2010. Almost 700. that will either be pd back, or 700. less you will get back for a refund. NOT a tax cut.
ESAD Pelousy.
please don’t post her face on anything not walking on 4 legs.
Work is freedom, war is peace...need I continue?
I would have thought just sending a check would have done more to stimulate the economy NOW, but I’ll admit I’ve been playing around with my withholding ever since I filed my taxes, so I wouldn’t have noticed if my employer changed it as well.
6.2%, up to $800, is a gross income of $12,903. I would think that most people who work will have made that much in 2009, so they would see the full $800. Unless I’m not understanding the concept.
If you made $40,000, 6% of $40,000 is $2400, not $240, so I presume they just capped it at $400/800, and most people will see the credit. Unless you make too much money ($75,000 a year if you are filing separately), at which point I guess the meager credit amount will be taken away from you.
Ha. My brain is totally addled (and I work with numbers every day!)
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