The Conservative Cave
Current Events => General Discussion => Topic started by: Evil_Conservative on December 16, 2010, 03:42:16 PM
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Merry Christmas.
WASHINGTON – 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.
And here who is expected to be affected by all of this.
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.
Our family.
Oh yay.
http://news.yahoo.com/s/ap/20101216/ap_on_go_ot/us_unexpected_tax_bills
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What an utter failure.
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What an utter udder failure.
The gummint tit goes dry.
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I'm wondering how many will get screwed by this. I did my taxes using H&R Block software, and my refund was $800 over what I had figured it by hand. Maybe I should have filed by paper instead of E-Filing.
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What an utter failure.
Yes, the imposter is. The whole administration as well, from the very top to the very bottom. FAIL!
Wasn't there an issue with the 8k home credit program as well at one point?