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Author Topic: 13M get unexpected tax bill from Obama  (Read 1067 times)

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Offline Evil_Conservative

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13M get unexpected tax bill from Obama
« on: December 16, 2010, 03:42:16 PM »
Merry Christmas.

Quote
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.

Quote
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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Offline RightCoast

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Re: 13M get unexpected tax bill from Obama
« Reply #1 on: December 16, 2010, 03:51:50 PM »
What an utter failure.
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Offline JohnnyReb

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Re: 13M get unexpected tax bill from Obama
« Reply #2 on: December 16, 2010, 04:20:13 PM »
Quote from: RightCoast on December 16, 2010, 03:51:50 PM
What an utter udder failure.

The gummint tit goes dry.
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Offline thundley4

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Re: 13M get unexpected tax bill from Obama
« Reply #3 on: December 16, 2010, 04:28:36 PM »
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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Offline true_blood

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Re: 13M get unexpected tax bill from Obama
« Reply #4 on: December 16, 2010, 07:15:35 PM »
Quote from: RightCoast on December 16, 2010, 03:51:50 PM
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?
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