primitives discuss tax relief (that never happened)

[USA4ME]

Peacetrain 
 
I shared this in GDP, and I want to share it with the BOG.. the Obama middle class tax cuts are a life saver.

We did our taxes this weekend, and that tax cut is coming in at a most opportune time.. let me tell you.

I wonder what middle class America is going to say after the tax season?

This was such a great surprise!

I had forgotten it was coming..

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=388x18666

YOU LIE!!!!

I spend this morning at my accountant turning in the rest of my personal tax info and I asked her if she had noted any tax relief for her lower income to middle class clients this year, and she resoundingly said "No."  I've got a few clients that are accountants and all of them have told me there was no tax relief at all for any of their customers.

Imagine that; Dear Leader lied to the primitives and they have to dream they're getting a break just to prop him up.  Of course, this is from the BOG forum, and they'll lie about anything there.

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[DumbAss Tanker]

Due to his screwing around with paying out front money in spite of designated withholding, the son-of-a-gun almost had me paying this year, which I purposely over-withhold to prevent so as to cover a modest side business.  Frankly pissed me off, I can deal with ending up with a too-large refund, covering an unexpected deficiency out of the household budget totally ruins my day.

[Karin]

Great photo. Do you know those two little words raked him in $2 million? 

I know that Frank is super-busy right now with tax season, so he may not see this.  I would like him to weigh in on this thread if he does happen by it.  To my knowledge, there was no real middle class tax relief granted by naked emperor.   

[Chris_]

Great photo. Do you know those two little words raked him in $2 million? 

I know that Frank is super-busy right now with tax season, so he may not see this.  I would like him to weigh in on this thread if he does happen by it.  To my knowledge, there was no real middle class tax relief granted by naked emperor.   

I think (according to our accountant) that all the messiah did was juggle the witholding tables in order to give every wage earner about $5 - $6 additional per week, up to a total of $250........SS recipients received a "one-time" addition to their checks.  However, this amount is now taxable income for 2009, and therefore a portion of it has to be paid back, depending on your tax bracket.....changing the tables also resulted in additional witholdings in other income areas however.

I may be wrong, but that is how it was explained to me.......

doc

[NHSparky]

Let's put it this way--were it not for the fact I went from married-separate to single filing status this year, and the mortgage interest deduction, I would have paid SIGNIFICANTLY more.  I am SO not looking forward to next year, and even less to the year after that, when the 2001-03 Bush tax cuts expire.  And don't let Obozo tell you that it's only going to affect the top to income groups.

[franksolich]

Great photo. Do you know those two little words raked him in $2 million? 

I know that Frank is super-busy right now with tax season, so he may not see this.  I would like him to weigh in on this thread if he does happen by it.  To my knowledge, there was no real middle class tax relief granted by naked emperor.

I do income taxes for a variety of people, but about 40%, the largest plurality, is for small-town Nebraskans of Texan derivation; blue collar workers.

There's a lot fewer four-figure refunds this year, and they're unhappy.

I explain why, on the chance that one of them might have voted for il Duce Bo.

The withholding tables were "adjusted" by il Duce Bo, an average of $14 a week, which means that many are getting refunds this year, but smaller ones, because they got those "refunds" in the form of $14-a-week (or whatever) increments.

For income-tax customers who look like prospects for voting (R) (many of those of Texan derivation in Nebraska are apolitical), besides their completed 2009 tax forms, I add a "bonus," having computed (with adjustments for inflation) their income taxes if the tax tables of 1961, 1969, 1975, 1980, 1997, and 2003 had been in effect.

It looks as if 2002-2008 were the last "good" years, and it's going to be all downhill from here.

That is, unless the people of America come to their senses in November 2010.

[USA4ME]

The withholding tables were "adjusted" by il Duce Bo, an average of $14 a week, which means that many are getting refunds this year, but smaller ones, because they got those "refunds" in the form of $14-a-week (or whatever) increments.

That's essentially what I was told as far as the process goes, though no one was quoting rough numbers, so thanks.

So six of one and half dozen of the other.  You get $14 more a week for 50 weeks but a $900 refund, when last year you would have gotten a $1600 refund all at once.  If one is better than it other, then it's only by a half-a-flea's hair.  Either way, the peaceable choo-choo primitive is lying through his teeth, but that's virtually always the case.

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[jukin]

I'm just starting on taxes but the way I see it is there was an adjustment to withholding tables early last year. The tax rates/tables did not change. Then put in place was a "Making Work Pay" credit of $400. I can't find any other tax relief. It works to less than $7.70 per week. On the other hand in the porkulus bill unemployed got a $25 per week increase.

I could be wrong as I'm just starting.