2009 income Tax will be a nightmare for some

[Chibibar]

http://news.yahoo.com/s/ap/20091116/ap_on_bi_ge/us_tax_credit_pickle

I knew this was a bad idea when the government decides to do this tax credit. now many family during hard time (more than likely middle income like us) will have to PAYBACK if you are

married
have more than 1 job

Well.... doesn't that sucks balls

 

[Hylian]

Luckily I am not married and I only have one job.

 

[Covar]

Never got that tax credit.

 

[Chibibar]

The tax credit is "automatic" that is applied to your paycheck. Hence, the problem.

 

[Dave]

The same thing happened when Bush sent out his tax credit. Basically what they did was say, "Here's some money now. You have to pay it back later without interest. But this'll help you for the short term."

So it should be no surprise.

 

[Chazwozel]

The same thing happened when Bush sent out his tax credit. Basically what they did was say, "Here's some money now. You have to pay it back later without interest. But this'll help you for the short term."

So it should be no surprise.

I can't wait to see the faces on people who got that 8k credit for buying a house come tax time.

 

[Covar]

This is not about that Rebate?

 

[Shannow]

The same thing happened when Bush sent out his tax credit. Basically what they did was say, "Here's some money now. You have to pay it back later without interest. But this'll help you for the short term."

So it should be no surprise.

I can't wait to see the faces on people who got that 8k credit for buying a house come tax time.[/QUOTE]


that wont be effected by this.

 

[Shakey]

The same thing happened when Bush sent out his tax credit. Basically what they did was say, "Here's some money now. You have to pay it back later without interest. But this'll help you for the short term."

So it should be no surprise.

I can't wait to see the faces on people who got that 8k credit for buying a house come tax time.[/quote]


that wont be effected by this.[/quote]
[STRIKE]
No, but they may have to pay taxes on that $8k, and I don't think anyone was ever told that when they got that credit.[/STRIKE]

Scratch that, I'm not sure where I got that from.

 

[Bowielee]

This is not about that Rebate?

No, It's a small credit on each paycheck. Basically they take out less taxes. When I was working, it was about a 25.00 difference per paycheck.