HERMANN MISSOURI OKTOBERFEST 2010

HERMANN MISSOURI OKTOBERFEST 2010
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Friday, December 17, 2010

President Obama Stuck Between a Rock and a Hard Place - BALL OF CONFUSION


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President Obama Signs Tax Bill Within Hours of House Vote
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13M get unexpected tax bill from Obama tax credit
WASHINGTON (AP) — 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.
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.
CLICK HERE FOR FULL STORY

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FLASHBACK:
Barack Obama "Public Will Have 5 Days To Look At Every Bill That Lands On My Desk"


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