Thank you Sir
GOP budget hawks chicken out early
- Thread starter Range Rover
- Start date
Thank you Sir
Ooops, there's a turd in the punch bowl.
By STEPHEN OHLEMACHER, Associated Press Stephen Ohlemacher, Associated Press â 1 hr 13 mins ago
WASHINGTON â About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama's Making Work Pay tax credit, a government audit said Thursday.
The tax credit, which expires Jan. 1, was designed to increase take-home pay by about $8 a week through new tax withholding tables. The credit was capped at $400 for individuals and $800 for married couples filing jointly.
However, the credit put millions of taxpayers at risk for not having enough taxes withheld from their paychecks, resulting in a tax bill when they file their returns, said the audit by J. Russell George, the Treasury inspector general for tax administration.
Those at risk included people with multiple jobs, married couples who both work, Social Security recipients who also work, and young workers who are also claimed as dependents on their parents' tax returns.
"The Making Work Pay credit is a key tax credit designed to increase spending and stimulate the economy," George said. "However, many taxpayers who are accustomed to receiving refunds when they file their tax returns may have owed taxes and incurred penalties in 2009, and may yet again in 2010, because they were advanced more of the credit than they were entitled to claim."
By STEPHEN OHLEMACHER, Associated Press Stephen Ohlemacher, Associated Press â 1 hr 13 mins ago
WASHINGTON â About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama's Making Work Pay tax credit, a government audit said Thursday.
The tax credit, which expires Jan. 1, was designed to increase take-home pay by about $8 a week through new tax withholding tables. The credit was capped at $400 for individuals and $800 for married couples filing jointly.
However, the credit put millions of taxpayers at risk for not having enough taxes withheld from their paychecks, resulting in a tax bill when they file their returns, said the audit by J. Russell George, the Treasury inspector general for tax administration.
Those at risk included people with multiple jobs, married couples who both work, Social Security recipients who also work, and young workers who are also claimed as dependents on their parents' tax returns.
"The Making Work Pay credit is a key tax credit designed to increase spending and stimulate the economy," George said. "However, many taxpayers who are accustomed to receiving refunds when they file their tax returns may have owed taxes and incurred penalties in 2009, and may yet again in 2010, because they were advanced more of the credit than they were entitled to claim."
And another floater in the bowl. I thought tax cuts create jobs. Nothing else matters. Tax cuts equal job creation, period.
What's up with this?
SAN FRANCISCO â Yahoo is reducing its work force by 4 percent and as it hands out 600 layoff notices for the holidays.
http://seekingalpha.com/article/240610-tax-cuts-to-job-creation-will-it-work
# âAllowing taxes to go up on all Americans would have raised taxes by $3,000 for a typical American family. And that could cost our economy well over a million jobs.â
# âThis agreement would also mean a 2 percent employee payroll tax cut for workers next year -- a tax cut that economists across the political spectrum agree is one of the most powerful things we can do to create jobs and boost economic growth.â
you disagree then?
You re obsession with all things Thunderdog is psychotic and almost homoerotic.
QUOTE]Quote from Lucrum:
Gabby is off the chart left of center. [/QUOTE]
QUOTE]Quote from Lucrum:
Gabby is off the chart left of center. [/QUOTE]
Ok for you mere Mortals and as simple as I can make it...virtually every one of your posts is regarding Thunderdog. Mine on the other hand are not.
Clear enough?
Clear enough?