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To: muawiyah
"As a result (of employers deducting too much), the audit warned, 15 million or more taxpayers might find that their refunds would be smaller than expected, or they might even owe taxes."

Well, that might explain why I owe them 767 bucks this year, along with the mortgage interest that my mortgage company won't report to the IRS until next year.

31 posted on 04/10/2010 11:49:03 AM PDT by Tolerance Sucks Rocks (I am Ellie Light. I hate slow drivers.)
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To: Tolerance Sucks Rocks
"As a result (of employers deducting too much), the audit warned, 15 million or more taxpayers might find that their refunds would be smaller than expected, or they might even owe taxes."

The Times, in their sly way, are trying to point the finger at employers -- for deducting "too much".

Fact is, the Obama administration changed the withholding tables -- so as to reduce withholding. But they didn't change the tax tables. So you still owe the same amount of tax, but not as much was withheld against your liability.

This was Obama's idea of "a tax cut".

34 posted on 04/10/2010 11:59:52 AM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance on Parade)
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