Remember when democrats were touting how the stimulus cut taxes? Time to pay up

[101mpg]

http://www.google.com/hostednews/ap...JMCNlQ?docId=81831a5c6bc947f6bc1b07e648bc9809

This is one of my favorite face-palms every time some self-aggrandizing a-hole tries to argue that my taxes went down because of the stimulus when in fact it only changed the withholding rates, everyones tax liability is still the same as last year. So now all these people that thought they were getting free money are going to find that they owe money at the end of the year. From strictly a political perspective this seems like it was a bad move on the democrats part because nobody is going to remember the money they got earlier in the year, they're only going to see that they aren't getting as much back from their refund or worst case they didn't have enough withheld and now owe.

 

[JD50]

wwybywb?

 

[dullard]

time some self-aggrandizing a-hole tries to argue that my taxes went down because of the stimulus when in fact it only changed the withholding rates, everyones tax liability is still the same as last year.

Both years your tax liability is lower. So, I guess on one hand you are correct that this year your tax liability is the same as last year. But you are 100% incorrect about the rest of your post. Both withholding amounts AND the tax liability were lowered.

Scroll down to page 3, line #63. This is where you save up to $800 on your tax liability. But of course, I'm a self-aggrandizing a-hole for pointing out a fact with the official IRS form to back me up. More information.

What I said applies to almost everyone who pays income taxes. Some people like pensioners aren't helped because they didn't have earned income and thus didn't get either lower withholding or lower taxes.

 

[theeedude]

OP is completely clueless about how taxes work. Getting refund means you overpaid during the year, and lent money to government interest free. It's better to pay more in April and have that money working for you till then.

 

[sMiLeYz]

rofl shocking ignorance about how the tax system works

 

[umbrella39]

Posted in a silly fool thread.

 

[dmcowen674]

Remember when democrats were touting how the stimulus cut taxes? Time to pay up

This is one of my favorite face-palms every time some self-aggrandizing a-hole tries to argue that my taxes went down because of the stimulus when in fact it only changed the withholding rates, everyones tax liability is still the same as last year. So now all these people that thought they were getting free money are going to find that they owe money at the end of the year.

From strictly a political perspective this seems like it was a bad move on the democrats part because nobody is going to remember the money they got earlier in the year, they're only going to see that they aren't getting as much back from their refund or worst case they didn't have enough withheld and now owe.

Well now you made a face palm post for all to see how brainwashed of a Republican you are and know nothing about what you are whining about.

How does that feel?

 

[CrackRabbit]

wwybywb?

23 of his 24 posts have been in here.

Lets start taking bets on who "he" was.

 

[fskimospy]

Nice self ownage.