"jim78565" wrote in message
...
Eisboch wrote:

"BAR" wrote in message
...
Eisboch wrote:

"Keith Nuttle" wrote in message
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My biggest problem with the man is that you cannot trust what he says.
Every time he opens his mouth he contradicts what he has told you
previously. For example he said he would give everybody a tax cut,
some people have not started to receive it yet and he is taking out of
the budget.


Apparently the tax cuts are in effect. I don't have an income, so I
didn't notice, but my youngest son, less than two years out of the Navy
and just getting started in his civilian career (and not earning a big
paycheck yet) got just under 10 bucks more a week in his paycheck
starting this month. His current income is in the very low middle class
range.

Unfortunately, that 10 bucks is going to more than absorbed by the
several tax increases being implimented by the state, so he's no better
off.

Is that a tax cut or a reduction in withholding? There has been no law
passed for the former but an order has been given to the IRS to reduce
the latter. All it is,s an illusion. If the tax cut legislation doesn't
pass there will be an even bigger tea party April 15th 2010.


Reduction is withholding *is* the "tax cut".

Eisboch

What slime ball passed that off as a tax cut. What it amounts to is a
smaller refund or taller tax bill at tax time. Are we going to be seeing
this sort of crap for the next 3 years 265 days?

It's officially called tax credit. The lower withholding that some folks
are seeing is a result of it.