In order to participate in the GunBroker Member forums, you must be logged in with your GunBroker.com account. Click the sign-in button at the top right of the forums page to get connected.
Your Coming "Tax Cut"...IS BOGUS.....
COLT
Member Posts: 12,637 ******
...It's not actually a Tax Cut at all...more smoke and mirrors that will COST some of you rather than putting money in your pocket. I don't agree with any of this atrocious spending at ALL, but this is utter BS, as is the spending spree DC is on.
...As of April first(?) those working will be bringing home $5-$13 bucks a week more than now, bi-monthly, whatever; from Barrack Hussein Obama's "Tax Cut". Does not amount to much but heh, less taxes is always a "good" thing right...beats getting poked in the eye with a sharp stick; but this is NOT "less" taxes.
...There is a problem with his, liberals "tax cut"...it is NOT a "tax cut"...the Federal tax rate will NOT be cut/lowered...ONLY the WITHOLDING TABLES amounts/figures which your employeror use, will change...NOT THE FEDERAL TAX RATE.
...This means that YOUR employeror will only be HOLDING OUT less money per pay period for employees and with the Federal tax rate remaining the SAME...GUESS what happens comes tax time in 2010?
...The more dependents you claim thru the year, the more your "tax cut" will "appear" to be but, come tax time, look out...your tax rate will be the same, the Feds will want the SAME money as they do now; it's just that your employeror has held out less thru the year, following the new Federal Tax Witholding Table, making it APPEAR you have had a true "tax cut"...you might want to check with your tax guys before you end up owing because of the smoke & mirror "tax cut"...[;)]
...Check with your bookeeper to get the facts on this, or you may be sorry come tax time next year...especially those claiming several dependents now.
...As of April first(?) those working will be bringing home $5-$13 bucks a week more than now, bi-monthly, whatever; from Barrack Hussein Obama's "Tax Cut". Does not amount to much but heh, less taxes is always a "good" thing right...beats getting poked in the eye with a sharp stick; but this is NOT "less" taxes.
...There is a problem with his, liberals "tax cut"...it is NOT a "tax cut"...the Federal tax rate will NOT be cut/lowered...ONLY the WITHOLDING TABLES amounts/figures which your employeror use, will change...NOT THE FEDERAL TAX RATE.
...This means that YOUR employeror will only be HOLDING OUT less money per pay period for employees and with the Federal tax rate remaining the SAME...GUESS what happens comes tax time in 2010?
...The more dependents you claim thru the year, the more your "tax cut" will "appear" to be but, come tax time, look out...your tax rate will be the same, the Feds will want the SAME money as they do now; it's just that your employeror has held out less thru the year, following the new Federal Tax Witholding Table, making it APPEAR you have had a true "tax cut"...you might want to check with your tax guys before you end up owing because of the smoke & mirror "tax cut"...[;)]
...Check with your bookeeper to get the facts on this, or you may be sorry come tax time next year...especially those claiming several dependents now.
Comments
Then the protests will grow.
...I agree. We all know we get shafted with ANY bailout etc., but this is a really cheap shot.
...Though I didn't agree with Bush's "handout" last year or any other ridiculous spending Bill, this is BS to LIE to people that are in a bind and actually NEED an extra $30-$50 bucks a month, then find out that it was only a "tax credit" they will OWE back to the Feds come tax time next year, extremely low life IMO.
...My bookeeper does my daughters taxes as a freebie after raping me/my company ([:D]) for so many years, I only found it out because I called him to see how he was coming along on thier taxes...and he told me I should suggest to them they drop one MAYBE two of the kids as dependents this year to maybe cover thier *'s...[;)]