OT-Taxpayer Bailout

1.) Congress has lowered the threshold to capture more wages that qualify to owe taxes-across the board. For example, in 2009 the withholding tax threshold began at weekly single wage levels of $138. In 2010, that same wage is lowered to $116. In short, instead of the taxable wage starting at $138, it is now down to $116-which changes the income threshold and taxes even poorer Americans.

Why would the Democrats create more wage categories and deliberately target the middle class with a huge withholding increase and 30% tax rate? Are the Democrats trying to backfill the deficits they created in 2009? Because taxpayers will have overpaid the federal government payroll taxes, will they be eligible to get back this additional withholding money in a tax refund when filing in 2011? Do taxpayers in the hardest-hit wage categories even realize that their paychecks are going to be significantly lower, unless they make the necessary changes?

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What a great idea, reduce disposable income for poor americans. Now that what i call a stimulas package....

Best Regards Tom.

Reply to
azotic
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In my humble opinion, Tom, it's because they aren't Democrats any more. And the republicans aren't republicans either.

They have both become "the party in power" (when in power) and would more accurately be called _federalists_.

For what ever it might be worth...

Reply to
cavelamb

======== But to do what?

Unka George (George McDuffee) .............................. The past is a foreign country; they do things differently there. L. P. Hartley (1895-1972), British author. The Go-Between, Prologue (1953).

Reply to
F. George McDuffee

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The Democrat government knows how and where to spend our money better than we do. Who are we to question?

Reply to
Buerste

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'Looks bogus, on two counts. First, the author of that piece says to "go to page 39" for the 2010 figures, but there are only 8 pages to the document. Somebody isn't very sharp.

And the lack of sharpness is apparent when you notice she's not really comparing the same documents. In the case of 2009, she's looking at the actual figures. In 2010, she's looking at the preliminaries -- the "early release."

If you compare the 2010 preliminaries, which she links to, with the 2009 prelims issued at the same time the previous year, you see that the withholding actually is going DOWN from the earlier prelims.

In other words, it looks like she's comparing apples and oranges. To see the

2009 prelims, which can be compared to the 2010 prelims, go here:

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Reply to
Ed Huntress

On Mon, 11 Jan 2010 19:16:44 -0800, the infamous "azotic" scrawled the following:

Jayzuss! Look at the fookin' letter he sent with it. That's not just spin, it's blatant lying. Cutting our throats while CONgress gives themselves two raises this recessionary year? Well, keep your head down from now on. I'm sure there will be heavy metallic objects flying around real soon now.

-- What helps luck is a habit of watching for opportunities, of having a patient, but restless mind, of sacrificing one's ease or vanity, of uniting a love of detail to foresight, and of passing through hard times bravely and cheerfully. -- Charles Victor Cherbuliez

Reply to
Larry Jaques

On Mon, 11 Jan 2010 22:39:37 -0600, the infamous F. George McDuffee scrawled the following:

The killing of the COLA saved the gov't money they can waste elsewhere. The additional taxes will be wasted elsewhere, too. Does anyone else see a trend here?

-- What helps luck is a habit of watching for opportunities, of having a patient, but restless mind, of sacrificing one's ease or vanity, of uniting a love of detail to foresight, and of passing through hard times bravely and cheerfully. -- Charles Victor Cherbuliez

Reply to
Larry Jaques

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They've already told Disabled Veterans that they won't get a COLA this year.

Reply to
Michael A. Terrell

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" There will be no adjustment in cost of living allowance for disability compensation and pension benefits: As a result of negative inflation and the consumer price index going down over the past year, the Social Security Administration has announced there will be no COLA this year for Social Security recipients. Under federal law, the Veteran's Administration COLAs cannot exceed the Social Security COLAs. Therefore, VA is barred from making a COLA increase for recipients of its benefits."

That's why there is no COLA. If they did give a COLA, payments would go

*down*, not up.

However, veterans will make out better this year than last in several ways, including this:

"VA will distribute insurance dividends: Approximately 900,000 veterans are in line to share $286.4 million in annual insurance dividends during 2010. VA operates one of the nation's largest life insurance programs, providing more than $1 trillion in coverage to seven million service members, veterans and family members. These payments will be made to insurance policy holders on the anniversary date of their policies. Payments will be sent automatically through different payment plans and the amounts will vary based on the age of the veteran, the type of insurance and the length of time the policy has been in place."

Reply to
Ed Huntress

They havent been at the gas station this week.................

Best Regards Tom.

Reply to
azotic

They don't have to go. their limos are filled at federal pumps. :(

Reply to
Michael A. Terrell

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