Sunday, January 31, 2010
Angry Americans Owe IRS After Obama's Fake Tax Cut: Stimulus II Prediction, Obama to the Rescue

Tax season is here, and today many Americans are waking up to the reality Obama's tax cuts weren't real tax cuts. Many Americans are finding out they owe the IRS lots of money. I know I am one of the Americans who didn't pay in enough thanks to Obama's illusion that lowered the amount withheld from my check but did not lower the actual tax tables.
I have confirmed with other friends. They tell me they owe upwards of over $1,000 to the IRS. Now how do you think that's going to affect the weak Obama recovery--that is if it is truly a recovery. Based on the numbers, most of the recovery we see is based on government spending. It's a sugar high.
Isn't it ironic that just a few days ago, Obama was bragging out these tax cuts. I have a feeling many Americans are cursing Obama as they put in the numbers from their W-2s into Turbo Tax and other computer software.
Let's remind the readers Obama's claim as they see the reality of Obama's pseudo tax cut.
Because of this plan, 95% of the working households in America will receive a tax cut – a tax cut that you will see in your paychecks beginning on April 1st.
In fact, the recovery plan provides a tax cut – that’s right, a tax cut – for 95% of working families. And these checks are on the way.
It seems to me after doing my taxes and hearing others who have done their taxes and find themselves owing the United States government after Obama's little number game he played on the withholding numbers, the only checks that will be on the way, are the checks from you bank account to pay what you owe thanks to Obama's recovery (stimulus) plan.
Of course, our economy can't possibly endure more disposable income taken from the American people because Obama played a game last year with our taxes. So maybe, these check are on the way, is something different.
We all know Obama asked for a second stimulus plan in the State of the Union address. He didn't exactly call it that. He gave it the moniker a jobs bill. This is stimulus II, and my prediction is this. In stimulus II, Obama will save the day for American families who now are the slave to the IRS through additional penalties and interests. In the steps of George W. Bush, Obama will send the checks directly minus the difference of what you owe. That's right, Obama will save his ass and remove the blame from himself and the first stimulus by creating direct stimulus payments to Americans this year. He will ride on a white horse doing so. Look at me. I gave you real tax relief, but we all know he created the mess.
Trust me, I had extra money withheld this year. I played with my withholding moving it back to zero, and I still owed nearly $700 when I figured my taxes yesterday. That's $700 extra dollars I don't have, and it takes away all that extra little that Obama let me keep in my check last year and then some.
Posted by
Bungalow Bill
Labels:
economy,
Obama,
Stimulus Checks,
Stimulus Spending,
Taxes
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I dread doing my taxes this year for this very reason.
ReplyDeleteThe sad thing is that after the Obama "tax cut", my take home pay actually decrease because of an increase in the state tax rate.
I'm gearing up to do my taxes, so this is timely. I get mad every year doing my taxes, most of all because of the hopeless tangle of regulation an average taxpayer like me must struggle to understand.
ReplyDeleteThey need to simplify it. Republicans should be beating that drum. I am tired of politicians playing these games with our money.
that's Obama's way of getting you to help him stimulate the economy. he wants you to go to the banks and take out a loan. lol
ReplyDeleteThis is why I support the idea of the FairTax.
ReplyDeleteAnd don't you think it is laughable that he progressives are calling the Stimulus II the Jobs Bill, which it will only create government jobs. What a boondoggle.
Oblama gotta pay for all those fake votes he got. What better way to do so than with your money! They ran up those withholding numbers hoping that'd boost their bank account interest for the year. Didn't quite work the way they planned, so they just do the "tax credit dance" which really don't exist and voila ... free money, the hallmark of lib'rals. Pffft.
ReplyDeleteJust did my taxes.... after always getting money back, this year we owe almost 1000.
ReplyDeleteI too just did my taxes. Went from getting money back to owing almost $800!
ReplyDeleteI can't afford that! How the * do they expect this to be a good thing for the economy?!
I have two jobs and because of this I get penalised. Last year I claimed a 1 on my second job, only had to owe about $200-$300 which I'm fine with. This tax season I will owe $700 and I haven't made that much more than I had last year, same exemptions. I guess I'm paying back the $400 obama "gave" me. I LOVE this country! (Sense the sarcasm)
ReplyDeleteI too am very nervous about having my taxes done. I have been claiming 0 and last year they only held 1 dollar and 51 cents because of obama's tax cut plan. Thats just great on my behalf. Can't wait to findout what I will end up owing because of this. The sad thing is I only showed I made less than 7000 so now what....I will have to owe?
ReplyDeleteI'm a life long democrat about to become an independent. My husband and I will have pay at tax time, something we never had to do in the past.
ReplyDeleteLast year we owed $29, this year, salary was actually lower, everything else the same and we owe $1600...our aig for a family of 4 is 66K and we owe this much...it's ridiculus! And has anyone heard any of the news channels talking about this? NO!
ReplyDeleteI have two college age children, we work very very hard and we get nothing in tax breaks. Hope, I have no hope. I am digusted. We just did our taxes and owe more than we ever have before. We live in a modest home, have nothing fancy and we owe so much that my children certainly don't get to go to the college of their choice. OBAMA is a joke!!!!!
ReplyDelete