The Election Now Over, Obama Takes Back Some of the Bribe Money Just 'Cause ... Yes He CAN!
From Stephen Ohlemacher, AP in Yahoo! News (and I don't expect it to be left up very long)
WASHINGTON - About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama's Making Work Pay tax credit, a government audit said Thursday.
The tax credit, which expires Jan. 1, was designed to increase take-home pay by about $8 a week through new tax withholding tables. The credit was capped at $400 for individuals and $800 for married couples filing jointly.
However, the credit put millions of taxpayers at risk for not having enough taxes withheld from their paychecks, resulting in a tax bill when they file their returns, said the audit by J. Russell George, the Treasury inspector general for tax administration.
Oh wow. And Obama said nothing about it at the time. Surely the Obamessiah, the Smartest President Who Ever Was, Has Been, or Will Be might have anticipated this?
Well, who's getting hit by this? Some dastardly fat-cats living in mansions and eating caviar off silver spoons, right?
Those at risk included people with multiple jobs, married couples who both work, Social Security recipients who also work, and young workers who are also claimed as dependents on their parents' tax returns.
Oh gee. Sounds like poor ordinary working stiffs. Why, I bet a lot of them felt really happy when Obama told them that they could keep a few hundred more of their own dollars. This may have even induced some of them to vote Democrat in 2010. The more fools they, huh?
"The Making Work Pay credit is a key tax credit designed to increase spending and stimulate the economy," George said. "However, many taxpayers who are accustomed to receiving refunds when they file their tax returns may have owed taxes and incurred penalties in 2009, and may yet again in 2010, because they were advanced more of the credit than they were entitled to claim."
Let's translate this from IRS prick-speak, into English. What the IRS prick is saying is that someone else made a mistake and advanced them some of their own money which normally the government would have stolen from them, and no one told them this at the time, so they treated it as their own money. Now, the IRS is going to charge them interest on the loan that they did not know they were taking out, so they will wind up paying the government even MORE money than they would otherwise have paid.
Can the vict ... I mean greedy tax cheats ... simply take some money out of their bank accounts and pay the taxes plus interest? No! Because they didn't save the money. And why is this? Because they were TOLD, by the very government that is now demanding it back, to go out and SPEND it.
Does the magnitude of this betrayal register upon you yet, Gentle Readers? Even those Gentle Readers who may still be deluded enough to be Democrats?
The credit was Obama's signature tax break in the massive economic recovery package passed in 2009. The IRS moved quickly to start getting the new tax credit to workers, issuing new tax withholding tables four days after Obama signed the law.
And these were the very tables which were used to calculate the refunds, which the IRS now claim resulted in too much withholding. In other words, either the IRS screwed up and now wants to make you the taxpayer foot the bill for their error, or they deliberately did this knowing full well what was bound to happen.
Heck, who was it who told the recipients to go out and spend that money? Why it was the Obamessiah, the Lightworker Himself, Barrack Hussein Obama, our glorious President-for-Life-in-His-Own-Mind, that's who!
The IRS says it undertook an aggressive campaign in 2009 and 2010 to warn at-risk taxpayers that they might not be withholding enough money from their pay, including public service announcements and YouTube videos.
I do not remember any of this "aggressive campaign." Do you?
"This provision was specifically intended to help taxpayers through the severe economic downturn by putting more money into their hands right away, in each paycheck," wrote Richard Byrd, commissioner of the agency's wage and investment division.
Uh huh. And when they so-nicely "put into our hands" our own money which they had previously arrogated the right to steal, they told us to go out and spend it, not to save it because we'd need to pay it back with interest.
They lied. And now they want to milk us like so many cash cows, to force us to pay back the "loan" they tricked us into taking out from the Government.
Now, why did they lie, to you and me? Why, might it have been because the 2010 Congressional elections were coming up, and at that time Obama thought that the Democrats had a decent chance of keeping the House? (They did, after all, keep the Senate). And the tax credit looked real generous, at least to someone who didn't grasp that they were being bribed with their own money).
And why are they taking the money back now? Well, the 2012 elections are over a year and a half away. They probably figure that, by the time those elections roll around, we'll have forgotten all about what the Democrats did last time, and we'll all roll over and vote for Obama like good little sheeple.
Heck, Obama will probably have come up with some new act of "generosity" to put forth in 2011-2012, to bribe us some more with our own money, and include another set of hidden pricetags which will only come due after the election was over.
Fool me once, shame on you. Fool me twice, shame on me.
Are Americans going to let themselves get fooled twice? Or are we going to vote this lying bastard out of office, so that he may begin his career on the lecture circuit with Jimmy Carter, explaining how if only they'd given him a real chance in office, he would have done so much better than did the Republicans?
Hopefully, Obama will pay the price for this treachery, and his political career end in the failure he so richly deserves.
WASHINGTON - About 13.4 million taxpayers may be getting unexpected tax bills because they were awarded too much money under President Barack Obama's Making Work Pay tax credit, a government audit said Thursday.
The tax credit, which expires Jan. 1, was designed to increase take-home pay by about $8 a week through new tax withholding tables. The credit was capped at $400 for individuals and $800 for married couples filing jointly.
However, the credit put millions of taxpayers at risk for not having enough taxes withheld from their paychecks, resulting in a tax bill when they file their returns, said the audit by J. Russell George, the Treasury inspector general for tax administration.
Oh wow. And Obama said nothing about it at the time. Surely the Obamessiah, the Smartest President Who Ever Was, Has Been, or Will Be might have anticipated this?
Well, who's getting hit by this? Some dastardly fat-cats living in mansions and eating caviar off silver spoons, right?
Those at risk included people with multiple jobs, married couples who both work, Social Security recipients who also work, and young workers who are also claimed as dependents on their parents' tax returns.
Oh gee. Sounds like poor ordinary working stiffs. Why, I bet a lot of them felt really happy when Obama told them that they could keep a few hundred more of their own dollars. This may have even induced some of them to vote Democrat in 2010. The more fools they, huh?
"The Making Work Pay credit is a key tax credit designed to increase spending and stimulate the economy," George said. "However, many taxpayers who are accustomed to receiving refunds when they file their tax returns may have owed taxes and incurred penalties in 2009, and may yet again in 2010, because they were advanced more of the credit than they were entitled to claim."
Let's translate this from IRS prick-speak, into English. What the IRS prick is saying is that someone else made a mistake and advanced them some of their own money which normally the government would have stolen from them, and no one told them this at the time, so they treated it as their own money. Now, the IRS is going to charge them interest on the loan that they did not know they were taking out, so they will wind up paying the government even MORE money than they would otherwise have paid.
Can the vict ... I mean greedy tax cheats ... simply take some money out of their bank accounts and pay the taxes plus interest? No! Because they didn't save the money. And why is this? Because they were TOLD, by the very government that is now demanding it back, to go out and SPEND it.
Does the magnitude of this betrayal register upon you yet, Gentle Readers? Even those Gentle Readers who may still be deluded enough to be Democrats?
The credit was Obama's signature tax break in the massive economic recovery package passed in 2009. The IRS moved quickly to start getting the new tax credit to workers, issuing new tax withholding tables four days after Obama signed the law.
And these were the very tables which were used to calculate the refunds, which the IRS now claim resulted in too much withholding. In other words, either the IRS screwed up and now wants to make you the taxpayer foot the bill for their error, or they deliberately did this knowing full well what was bound to happen.
Heck, who was it who told the recipients to go out and spend that money? Why it was the Obamessiah, the Lightworker Himself, Barrack Hussein Obama, our glorious President-for-Life-in-His-Own-Mind, that's who!
The IRS says it undertook an aggressive campaign in 2009 and 2010 to warn at-risk taxpayers that they might not be withholding enough money from their pay, including public service announcements and YouTube videos.
I do not remember any of this "aggressive campaign." Do you?
"This provision was specifically intended to help taxpayers through the severe economic downturn by putting more money into their hands right away, in each paycheck," wrote Richard Byrd, commissioner of the agency's wage and investment division.
Uh huh. And when they so-nicely "put into our hands" our own money which they had previously arrogated the right to steal, they told us to go out and spend it, not to save it because we'd need to pay it back with interest.
They lied. And now they want to milk us like so many cash cows, to force us to pay back the "loan" they tricked us into taking out from the Government.
Now, why did they lie, to you and me? Why, might it have been because the 2010 Congressional elections were coming up, and at that time Obama thought that the Democrats had a decent chance of keeping the House? (They did, after all, keep the Senate). And the tax credit looked real generous, at least to someone who didn't grasp that they were being bribed with their own money).
And why are they taking the money back now? Well, the 2012 elections are over a year and a half away. They probably figure that, by the time those elections roll around, we'll have forgotten all about what the Democrats did last time, and we'll all roll over and vote for Obama like good little sheeple.
Heck, Obama will probably have come up with some new act of "generosity" to put forth in 2011-2012, to bribe us some more with our own money, and include another set of hidden pricetags which will only come due after the election was over.
Fool me once, shame on you. Fool me twice, shame on me.
Are Americans going to let themselves get fooled twice? Or are we going to vote this lying bastard out of office, so that he may begin his career on the lecture circuit with Jimmy Carter, explaining how if only they'd given him a real chance in office, he would have done so much better than did the Republicans?
Hopefully, Obama will pay the price for this treachery, and his political career end in the failure he so richly deserves.