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INSIDE WASHINGTON: Taxpayers To Get Rude Surprise
Yahoo News ^ | 30 Apr 2009 | Stephen Ohlemacher

Posted on 04/30/2009 6:41:43 PM PDT by edpc

WASHINGTON (AP) -- Millions of Americans enjoying their small windfall from President Barack Obama's "Making Work Pay" tax credit are in for an unpleasant surprise next spring.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: doh; middleclass; obama; taxes
Short excerpt, AP source.

But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.

At-risk taxpayers include a broad swath of the public: married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income.

Who's suprised.....?

1 posted on 04/30/2009 6:41:44 PM PDT by edpc
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To: edpc
And allowing the Bush tax cut to wither on the vine for the next year takings. Isn't the ‘scientific methodology’ of system think just awesome.
2 posted on 04/30/2009 6:44:37 PM PDT by Just mythoughts (Bama and Company are reenacting the Pharaoh as told by Moses in Genesis!!!!!)
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To: edpc

The “messiah” wouldn’t lie to the “little people,” would he? There are going to be a lot of white boys fainting next April 15th and they won’t have to go to an Obama concert to do it.


3 posted on 04/30/2009 6:47:18 PM PDT by FlingWingFlyer (http://finance.yahoo.com/news/INSIDE-WASHINGTON-Rude-apf-15091434.html/print)
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To: edpc
But the CNN beeyotch said “You're going to get a $400 rebate!”. Then monkeys flew out of her butt, and it rained ice cream cones. Right before the men in the white coats, with the butterfly nets, came and took her back to Happy Acres.

It wouldn't be a bad idea to contact your personnel department and have them put your withholding back to what it was.

Just sayin’.

4 posted on 04/30/2009 6:48:45 PM PDT by ChicagahAl (Don't blame me. I voted for Sarah.)
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To: ChicagahAl
Then monkeys flew out of her butt, and it rained ice cream cones.

Were unicorns and gum drops observed at the scene of the crime?

5 posted on 04/30/2009 6:55:32 PM PDT by SnuffaBolshevik
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To: berdie

later


6 posted on 04/30/2009 7:11:56 PM PDT by berdie (Philosophies of the school room in one generation will reflect the government philosophy of the next)
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To: edpc

So whats to be done?


7 posted on 04/30/2009 7:15:39 PM PDT by swmobuffalo ("We didn't seek the approval of Code Pink and MoveOn.org before deciding what to do")
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To: ChicagahAl

We actually warned clients about this very thing. Had to let them know that this is not a real tax break and that they may want to take a hard look at their circumstances. Glad we did.


8 posted on 04/30/2009 7:17:05 PM PDT by ozaukeemom (It's Obama's fault.)
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To: edpc

I suspected as much so I increased my bi-weekly withholding by $50 bi-weekly!

It hurts, but I need to make money work for ME!

BTW...I’m not the only one!


9 posted on 04/30/2009 7:22:47 PM PDT by Randy Larsen ( BTW, If I offend you! Please let me know, I may want to offend you again!)
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To: edpc

IMHO when people figure out at the end of next January that their tax return is going to be much smaller than it normally is there is going to be great screaming. Lots of people spend their returns before they get them and next year they will not be able to pay off what they have already bought.


10 posted on 04/30/2009 7:25:04 PM PDT by chris_bdba
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To: chris_bdba

BTW it will also be a great time to start reminding them that the dems are responsible for their taxes.


11 posted on 04/30/2009 7:26:50 PM PDT by chris_bdba
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To: edpc
So what do we, the people, do now? http://pushbackuntil.com. We need hundreds of thousands - if not a million - people in D.C. at several yearly events over the next 5-10 years. Because if we do not keep at it, we will all revert to the status quo. And Congress will continue to ignore we, the people. We can no longer trust Congress with the future of our country. Period.

Be in D.C. to Push Back Until!

12 posted on 04/30/2009 7:34:22 PM PDT by DennisR (Look around - God gives countless, indisputable clues that He does, indeed, exist.)
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To: edpc

maybe this is a bad thing to say, but I am going to anyway.
GOOD I AM GLAD!

Maybe the sheeple will wake up just in time after April 15 and remember long enough through September to vote these people out of the congress and senate who voted for this mess. ALL OF THEM.

All we have to do is get some real conservatives to run a decent campaign and it could be a landslide against the thieves in congress who are raping the country.


13 posted on 04/30/2009 7:36:17 PM PDT by Munz ("We're all here for you OK? It's a circle of love" Rham Emanuel)
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To: chris_bdba

To be honest, we attempt to owe taxes on April 15. Not a lot, but certainly not due for a refund. That refund is a fantasy, a free loan to the federal government, paid back to you with no interest. We’d rather keep our money and pay them what we owe when it’s due.


14 posted on 04/30/2009 7:38:15 PM PDT by trimom
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To: trimom

So, I paid $1700 this year over and above what the gubmit already took, and now they are going to take less out of my check for the taxes that will likely go up? No way, no freakin’ way. President Obamalamadingdong promised me a tax break, now I find I will owe them more? I...can’t...believe...it.


15 posted on 04/30/2009 7:46:02 PM PDT by Probus
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To: swmobuffalo

In my case, filled out a W-4 asking that $200 more a month be taken out of my check, I don’t like to write a check to the IRS (but usually do) every year. Some say it is the gubmint keeping your money, but nonetheless, I prefer not to write the check.


16 posted on 04/30/2009 7:48:30 PM PDT by Probus
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To: chris_bdba

“return”=refund


17 posted on 04/30/2009 8:32:24 PM PDT by Arthur McGowan (If Bishop D'Arcy finds out a priest is molesting kids, he will boycott the parish's Fall Supper!!!)
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To: edpc

People here on FR have been saying this since the beginning. Obama’s “tax cuts” are NOT tax cuts. At my liberal workplace, I ask friends if Obama has cut their tax rates...they admit that he has not....then I remind them that they’ll be paying more next spring.

One guy went and had more money withheld when he realized he’d been duped. Of course, he still loves Obama.


18 posted on 04/30/2009 9:05:23 PM PDT by t2buckeye
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To: trimom

People who design their withholding to get a refund are brainwashed. The best withholding calculation is the one that leaves you owing the most you can owe on tax day without having to pay a penalty. Anything less is lost interest. A refund, God forbid, is an interest-free loan to the gubment.


19 posted on 04/30/2009 9:26:11 PM PDT by Orbiting_Rosie's_Head (argh)
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Comment #20 Removed by Moderator

To: edpc

Many of us have been saying this since Obama lied about a ‘tax cut’ for 95%!

******

A married couple with a combined income of $50,000 is eligible for an $800 credit. However, if both spouses work and make more than $13,000, the new withholding tables give them each a $600 boost — for a total of $1,200.


21 posted on 04/30/2009 10:25:27 PM PDT by kcvl
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To: Probus

In my case, filled out a W-4 asking that $200 more a month be taken out of my check, I don’t like to write a check to the IRS (but usually do) every year. Some say it is the gubmint keeping your money, but nonetheless, I prefer not to write the check.
_________
I prefer to starve the SOB’s and NOT let them use my money. I keep it, let it make money, then pay them April 15th and not a day sooner. I also refuse to pay estimated anymore. The fine is small, worth it to me to not let them use my money for a year.


22 posted on 04/30/2009 11:47:34 PM PDT by mojitojoe ( Idiots elected a Marxist ideologue with narcissistic personality disorder & America is dying.)
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To: edpc

wow. didn’t see that coming.../s/


23 posted on 05/01/2009 5:38:49 AM PDT by TADSLOS (God Bless Texas- where freedom still has a chance.)
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To: edpc

bttt


24 posted on 05/01/2009 11:08:21 AM PDT by Recovering_Democrat (I'm SO glad I no longer belong to the party of Dependence on Government!)
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To: kcvl

The tax cuts included in the stimulus legislation are all about Chump Change. The typical worker’s saving is something like $50 to $60 per month, which is the price of a bottle of wine for your Congressmoron at some restaurant in Georgetown tonight.


25 posted on 05/01/2009 12:59:42 PM PDT by pleikumud
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