Sunday, May 17, 2009

Here's you a tax credit -- till you have to pay it back.

People need to be aware that the new withholding tax tables sent out earlier this year may get them into trouble come tax time next year. The tables do not take into account two-income families and various other factors.

So what that means is that Obama the Great gets credit for putting more money in your pocket now. But many workers will have to pay at least a portion of that money back when they file their 2009 return next year.

And that's the pattern for Obama's programs -- they sound great now, but look what they'll do to us in the long run.

"Stimulus checks only a loan for many." Texarkana Gazette; May 8, 2009.

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