More Unintended Consequences

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The law of unintended consequences bites us in the ass...again.
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13.4 million may owe taxes; ‘Making Work Pay’ tax credit withholding error
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As the Senate and House hash out the details of the Bush tax cuts and the extension of unemployment benefits the Treasury Inspector General for Tax Administration (TIGTA) J. Russell George released a statement today stating that 13.4 million may owe unexpected taxes. According to an audit report first filed in November 2009, here: TIGTA Audit President Obama’s “Making Work Pay” tax credit was supposed to allow individuals and couples greater take home pay by reducing the amount of taxes withheld from their pay checks. There was a $400.00 cap for individuals and an $800.00 cap for married couples which filed jointly. The audit completed by the TIGTA states that 13.4 million people failed to have enough taxes taken out of their paychecks, making them vulnerable to owing more in taxes. The “Making Work Pay” tax credit expires on January 1, 2011.

J. Russell George released a statement through the TIGTA site. He said, “The Making Work Pay Credit is a key tax credit designed to increase spending and stimulate the economy, however, many taxpayers who are accustomed to receiving refunds when they file their tax returns may have owed taxes and incurred penalties in 2009 and may yet again in 2010 because they were advanced more of the credit than they were entitled to claim.”
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Mr. George continued with his statement, “My office issued a report in November 2009 warning of this possibility and encouraging the IRS to increase outreach and waive penalties for taxpayers who may be negatively affected by the credit. We still believe further actions are needed to ensure no taxpayer is unfairly penalized.”
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Non-working, non-counting, inept Idiots. That's the best thing I can imagine to call the clowns who thought this up. First off, who the hell really thought that Joe Average, with a house payment, a working wife, two cars, 2.3 kids and a dog named 'Bob', was going to prosper off a louse sixteen f^%*ing dollars a week?! Secondly, WTF did Bob and his wife do to deserve these idiots? They must be swing voters!!
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Shteveo