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shawa
CNO
Joined: 03 Sep 2004
Posts: 2004
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 Posted: Sat Feb 21, 2009 7:18 pm Post subject: Obama's phoney tax cut |
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Hi guys,
This morning in his radio address, Obama lauded his "tax cut" to 95% of Americans who are working.
What a sham!! It is not a cut in 'tax rates'.
Employers are told to reduce an individual's withholding by $7.70 a week, but they are
still liable for that tax.
How many people will be shocked when they do their taxes next year to find out they owe
that $400 right back to Uncle Sam?
_________________
“I love the man that can smile in trouble, that can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink; but he whose heart is firm, and whose conscience approves his conduct, will pursue his principles unto death.” (Thomas Paine, 1776) |
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zinfella
Rear Admiral
Joined: 19 Aug 2004
Posts: 708
Location: Mesa, Az
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| Posted: Sat Feb 21, 2009 9:29 pm Post subject: |
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The only ones that will get caught, are the fools that believe Obama, and the rest of the liberal Dems.
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No whiners! |
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BuffaloJack
Master Chief Petty Officer of the Navy
Joined: 10 Aug 2004
Posts: 1637
Location: Buffalo, New York
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| Posted: Sun Feb 22, 2009 12:43 pm Post subject: |
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By cutting the withholding, when tax-time 2009 rolls around in first quarter 2010, just how many people will be pulling their hair out because not enough tax was withheld during the year and now they have to pay it back in PLUS the penalties for not withholding enough?
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Swift Boats - Qui Nhon (12/69-4/70), Cat Lo (4/70-5/70), Vung Tau (5/70-12/71) |
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kate
Admin
Joined: 14 May 2004
Posts: 1891
Location: Upstate, New York
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| Posted: Sun Feb 22, 2009 6:02 pm Post subject: |
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and....
also when 2010 rolls around they may be shocked when the hope and change will mean more taxes withheld as
the Bush tax cuts Expire
How's the one gonna sell that?
Nope it's not a tax increase, just a cancellation of a tax decrease. Let's see if he does it to all income levels...
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one of..... We The People |
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jmckay8497
Seaman Recruit
Joined: 16 Aug 2004
Posts: 35
Location: Lake Orion, Mi
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| Posted: Sun Feb 22, 2009 9:36 pm Post subject: Tax Cut |
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I am not sure if in fact this is a tax cut. I have read it is a tax credit of either $400 or $800. I have looked for details explaining, but am unable to find any. If it is just a reduction in withholding taxes this is a huge scam, and it wille be exposed.
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Air Force Vet
Service in Thailand and Viet Nam
1968 and 1969 |
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