lets get real, what obama meant by ‘tax cut’ was a tax cut for him and his friends. Michelle won’t have to put anything on Ebay. Repay taxes? Thing of the past for the obama family.

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Well Michelle already spent her tax cut on $540 sneakers. Looks like she’ll have to put them up on EBay to repay her taxes.

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And if you are a pack-a-day smoker, the $0.62 tax increase takes around $18 (30 days/month X $0.62/day) from your stimulus each month

Enjoy!

Jeff V

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I tried to explain the difference to an 0bot on NQ the other day. They just refuse to get it. Only when they have to pay more tax next year will they finally understand the shell game the shyster flim flammers have played on them. As in “What happened to my tax cut?” Not to mention that there are 6 million unemployed who have no payroll deductions. We, the lucky ones (at least in states taking stimulus money) get a whopping $25/week from the Feds. Oh, well. It still keeps me in the low income bracket after my standard exemption. Wonder how they’ll tweak that?

So, what will this do to Zero’s poll numbers next spring? And what effect, if any, will it have in November of next year?

I can only hope for a blood bath in 2010 getting rid of the Dem majority and marginalizing this nut case for the rest of his one term.

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So, what will this do to Zero’s poll numbers next spring? And what effect, if any, will it have in November of next year?

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“From what I understood then was that they were adjusting the withholding tables but not the tax tables. ”

My sister works in downtown Portland, OR, a swamp of far lefties. Several of her co-workers were thrilled with their ‘bigger’ paychecks. When my sister explained that it was only the amount of withholding that was being adjusted, they refused to believe her. The biggest outrage is that these morons are allowed to vote.

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This is exactly what is happening in the UK… see here:

http://www.google.com/search?ie=UTF-8&oe=UTF-8&sourceid=navclient&gfns=1&q=tax+credit+overpaid+UK

And the Inland Revenue people are brutal about collecting it — if needs be, your kids go without, tough.

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In the spirit of Obama throwing us under the bus. A great video from Zo
http://www.youtube.com/watch?v=X1E-V0QHets&feature=channel_page

Its titled.. under my bus. I think it should lighten up your day a little.
Support this guy!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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@walterc:

From what I understood then was that they were adjusting the withholding tables but not the tax tables.

Bingo Walter!

Bingo.

This is classic bait and switch sleight of hand stuff.

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I heard something about this when it was first enacted. From what I understood then was that they were adjusting the withholding tables but not the tax tables. So when I did an estimate whent he “tax cut” went into affect, I realized that I would be under withheld. I try to make my withholding land within $100+- of my liability. What I figured out was that a married couple will get $800 tax credit, but have $1200 less withholding, leaving a $400 shortfall. And probably an under payment penalty for some people. So I changed my (and my wife changed hers) W-4 to withhold the same amount that it went down.

Nice try OB.

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