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Car Forum / Toyota / Toyota Cars / March 2009{OT} the tax cut!!
My wife's retirement statement came today. We got our stimulus tax cut! Well, actually IRS was told to lower the with-holding amounts so it appears to be a tax cut. We had with-holding set so that we wouldn't have to pay additional taxes on interest - leave it to someone to fiddle with stuff. Now we got to change the witholding again. 95% get a tax cut? Taxes didn't change, but with-holding did, just wait till next year! Ron in Idaho > My wife's retirement statement came today. We got our stimulus tax cut! > Well, actually IRS was told to lower the with-holding amounts so it [quoted text clipped - 6 lines] > > Ron in Idaho THERE IS NO TAX CUT, only a change of withholding. You get more (about $13) per week, because they withhold less, but the tax tables are not changed and you still have to pay the same taxes. Oops, that's what you said. >> My wife's retirement statement came today. We got our stimulus tax cut! >> Well, actually IRS was told to lower the with-holding amounts so it [quoted text clipped - 12 lines] > > Oops, that's what you said. In other words, Nobama is a LIAR and not worthy of the respect we should give the office of POTUS. Sir Charles THE Curmudgeon > > My wife's retirement statement came today. We got our stimulus tax cut! > > Well, actually IRS was told to lower the with-holding amounts so it [quoted text clipped - 12 lines] > > Oops, that's what you said. Actually, there is a tax cut. instead of the tax rebates that Bush gave out in one lump sum, Obama is giving the tax cut out in small chunks. Jeff >> > My wife's retirement statement came today. We got our stimulus tax cut! >> > Well, actually IRS was told to lower the with-holding amounts so it [quoted text clipped - 18 lines] > >Jeff NO HE IS NOT......  SignatureScott in Florida > >> > My wife's retirement statement came today. We got our stimulus tax cut! > >> > Well, actually IRS was told to lower the with-holding amounts so it [quoted text clipped - 23 lines] > > NO HE IS NOT...... It's amazing how some of these obama followers are so easily led Signature"It's deja vu all over again" Yogi Berra >> >> > My wife's retirement statement came today. We got our stimulus tax >> >> > cut! [quoted text clipped - 29 lines] > > It's amazing how some of these obama followers are so easily led Just remember, Stupid is as stupid does, and you'll understand Obama followers perfectly. Sir Charles THE Curmudgeon > >> "ron" <rand...@teranews.com> wrote in message > [quoted text clipped - 24 lines] > > NO HE IS NOT...... Try again: http://www.msnbc.msn.com/id/29314485/ Jeff > -- > > Scott in Florida Sorry, even "HE" can't change the law, he just had the with-holding changed. Congress may change the law but, as yet, its all in his dreams. Just like Bush couldn't spend money that congress didn't approve and appropriate. So as of now tax liability stays the same. I am surely guessing but I'd think there's going to be some heartburn in congress over cutting taxes with all the spent and planned spending. As there won't be a tax increase in an election year (2010) I'd be damned surprised if there wasn't a tax increase in what ever guise it takes by the end of this year. Ron in Idaho (2008/2009 the record for the most snow in Spokane since records started in 1880) > "ron" <rand...@teranews.com> wrote in message > [quoted text clipped - 19 lines] > > Oops, that's what you said. Actually, there is a tax cut. instead of the tax rebates that Bush gave out in one lump sum, Obama is giving the tax cut out in small chunks. Jeff <JS> Actually, he's not. The tax cut is only a cut to witholding, the tax tables are not changed. Cap and Trade will cause your fuel relatred costs to go up greater than the tax cut, so the cut that isn't there is really just a shift of taxes anyway, which means your taxes will remain the same and the cap and trade costs will drive up your cost of living. Cap and Trade is a tax, by the way. </JS> Something that is really noticeable to me is gasoline prices. As our dollar value decreases oil/gasoline are going back up. prices here have gone up about 70 cents/gallon in two months. 2.09 last time I noticed and 2.29 in Wash state about 2 miles away. This hurts disposable income a lot. I can imagine I'll get pilloried and kicked out of the party but transportation has always been funded by gasoline tax. The fuel tax is a mess and needs to be raised IMHO. Here on the west coast, interstates are in fair shape but all most other roads are pretty sad and need a lot of funding and more assured than the stimulus. do I dare sign? R i I > Something that is really noticeable to me is gasoline prices. As our > dollar value decreases oil/gasoline are going back up. prices here have [quoted text clipped - 11 lines] > > R i I The problem is that the fuel tax is not going up. As a matter of fact, fuel tax receipts have gone DOWN. Why do you think OreGone is trying to have a tax by mileage instead of by gallon? http://seattletimes.nwsource.com/html/localnews/2001972174_mileagetax05m.html Sir Charles THE Curmudgeon Not only that, the increase in gas has been disproportional to oil price increase. Something about $50 oil and $2 gas vs. $140 oil and $4 gas, especially when a large chunk of the price is a fixed amount for taxes, does not add up. I suspect that the oil companies are recouping the margin they gave up to help demand stay high when prices were $4 but should have been $5. > Something that is really noticeable to me is gasoline prices. As our dollar > value decreases oil/gasoline are going back up. prices here have gone up > about 70 cents/gallon in two months. 2.09 last time I noticed and 2.29 in > Wash state about 2 miles away. This hurts disposable income a lot. On Mar 31, 2:15 pm, bogusmailm...@yahoo.com wrote: > Not only that, the increase in gas has been disproportional to oil > price increase. Something about $50 oil and $2 gas vs. $140 oil and > $4 gas, especially when a large chunk of the price is a fixed amount > for taxes, does not add up. I suspect that the oil companies are > recouping the margin they gave up to help demand stay high when prices > were $4 but should have been $5. If you look at the financial statements filed with the FEC, you should see how much money the oil companies really made. Jeff > > Something that is really noticeable to me is gasoline prices. As our dollar > > value decreases oil/gasoline are going back up. prices here have gone up > > about 70 cents/gallon in two months. 2.09 last time I noticed and 2.29 in > > Wash state about 2 miles away. This hurts disposable income a lot. |
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