One Man, Many Taxes, 365 Days Days 174-177 The Obama Tax Cut Illusion

Obama is such a nice guy, right? I mean after all, he took the office and almost immediately you were taking more money home in your paycheck (that is if you managed to keep your job after Obama began implementing programs to destroy jobs). Most Americans were fooled into believing they got an Obama tax cut--nothing could be farther from the truth.

In a recent conversation in an HR department somewhere in Springfield, MO. A group of employees gathered upset because they were fooled into thinking at first the $14 a pay period held out of their checks for federal taxes was part of a massive tax cut geared to stimulate the economy. It took them over four months to realize while their withholding amounts changed, the tax tables didn't. They were looking at huge tax payments at the end of the year. In fact, this little trickery on the part of Barack Obama may further hurt the economy.

Come February, there are going to be far more Americans owing the IRS money than receiving refunds, which is what each employee in this gathering at HR discovered. How do you think that's going to help the economy next year when people who the IRS thousands because Obama played with the withholding rates to give the illusion of a tax cut but he didn't actually lower the tax tables. What a mess the Obama administration continues to be.

If Americans haven't woken up yet, they will come February when they owe the IRS money thanks to Barack Obama.