You know that tax break of $7.69? The IRS wants some of it Back

Remember how kind and generous we all thought the young President was being when we got that swell tax cut of $7.69?  Yea  the one that increased the amount of your weekly paychecks.  Well , Huston, we have a problem.

The Ap News reporting today that the tax credit was going to provide up to an additional $400 for individuals, and $800 for married couples.  However the IRS withholding tax tables could cause millions of Americans a little headache come April 2010.

Oh and this does not just affect the Hard Working Americans, oh no it even affects retirees!

Like my father said, You don’t ever get something for nothing.

Read the full story here: http://hosted.ap.org/dynamic/stories/U/US_TAX_CREDIT_PICKLE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2009-04-30-20-08-40

Posted in

TomTGRWolcott

5 Comments

  1. tiredtaxpayer on May 1, 2009 at 3:52 am

    Lets see the Government can't even manage to manage a $7.62 credit properly, what happens when they are running health care?



  2. Darlene on May 1, 2009 at 7:43 am

    Oh Yeah!!! What a DEAL this was supposed to be!!!! Oh, be still my heart, now you want it back??   um, yes Mr. President, I do believe I might have some change left from that  cup of coffee and yogurt to which I treat myself once a week on you.  



  3. Dimsdale on May 1, 2009 at 7:47 am

    And when you buy something, or pay for a service, you will be taxed again.

    I hope I still have change after the Obamateurs get done with me.



  4. SoundOffSister on May 1, 2009 at 11:14 am

    Tim (Turbo Tax) Geithner strikes again!  As Secretary of the Treasury, he heads the IRS.  Not only can't he get his taxes right, he can't even help you to get your taxes right.  Yes, Houston, we do have a problem.



  5. ShadowWing Tronix on May 1, 2009 at 3:21 pm

    I saw the article this morning and immediately e-mailed a copy to my father. It should probably be sent to a few other people. If we can't get the IRS to fix their tables, at least we can be prepared when it hits.



The website's content and articles were migrated to a new framework in October 2023. You may see [shortcodes in brackets] that do not make any sense. Please ignore that stuff. We may fix it at some point, but we do not have the time now.

You'll also note comments migrated over may have misplaced question marks and missing spaces. All comments were migrated, but trackbacks may not show.

The site is not broken.