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"Folks are going to see their withholding lowered, starting around April 1, for the rest of this year, as part of the Making Work Pay Tax Credit, and that's a brand new credit you'll claim on your '09 return when you file it next year," said Dan Boone of the Nashville IRS office.
Making Work Pay Credit: The stimulus bill will give a $400 credit per worker and a $800 credit per working couple. Almost everyone will receive this. The full credit would be paid to people making $75,000 or less ($150,000 per dual-earner couple). A partial credit would be paid to those making above those amounts but no more than $100,000 ($200,000 for couples). The credit would also be refundable, which means that even very low-income families who don’t make enough to owe income tax would be able to claim it. For most working individuals, the credit will be paid over time at roughly $15 per period, assuming 26 pay periods in a year. People who are self-employed can adjust their quarterly tax filings to account for the credit.
Originally posted by Tentickles
Yeah it's just compensating for the lovely inflation that's on it's way.
YAY 2 cartons of cigarettes now cost a freaking 100$.
One. Hundred. Dollars.
That's Four Hundred Quarters!!
Originally posted by whoshotJR
reply to post by Tentickles
Maybe you should just stop smoking then?
This part isn't directed at you but I really do get pissed when I see people moan about taxes and money problems and then they spend 200 bucks on cigs or drinks while they soak up money from the state.
If people are on unemployment it would seem to me thats a great time to lose your vices that cost you a bunch.