So much for Obama's tax credit?

http://finance.yahoo.com/news/INSIDE-WASHINGTON-Rude-apf-15091434.html?.v=1

WASHINGTON (AP) -- "Millions of Americans enjoying their small windfall from President Barack Obama's "Making Work Pay" tax credit are in for an unpleasant surprise next spring.

The government is going to want some of that money back.

The tax credit is supposed to provide up to $400 to individuals and $800 to married couples as part of the massive economic recovery package enacted in February. Most workers started receiving the credit through small increases in their paychecks in the past month.

But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time."

Is this the 'change' you voted for?

chukki2009-04-30T17:58:11Z

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Interesting how the press waited till after the 100 day buttkissing fest to air this story...

David2009-04-30T17:58:19Z

yep though it was bad for us - Millions of Americans enjoying their small windfall from President Barack Obama's "Making Work Pay" tax credit are in for an unpleasant surprise next spring.

The government is going to want some of that money back.

The tax credit is supposed to provide up to $400 to individuals and $800 to married couples as part of the massive economic recovery package enacted in February. Most workers started receiving the credit through small increases in their paychecks in the past month.

But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.

?2016-04-07T03:31:44Z

2011

canam2009-04-30T18:48:32Z

Millions of working taxpayers are expecting to get a check from obama for $400, $800 for couples and its not comming in the mail. It gets doled out a little at a time from a tax reduction in federal payroll taxes. He gives it now, and takes it back later, but unless your a retiree, no check comes in the mail. More deception.

retstocks2009-04-30T18:41:45Z

No thinking person thought they would be better of with Obama in the White House.

Besides, most Obama voters are on welfare so they have no idea what a paycheck even is.

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