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EDHS Contemporary World Affairs -> Discussion Topics, Week K -> I Want Mo' Money!
Post Info TOPIC: I Want Mo' Money!
Bonemail-(Christophe K)


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I Want Mo' Money!
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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 big tax credit Obama promised us all on the campaign trail? Thoughts?



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geriatric1991


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i paid taxes and i havent got any money from the government, oh well, they can give it to a charity i dont want it

-- Edited by geriatric1991 on Friday 1st of May 2009 11:20:17 PM

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