Friday, January 8, 2010

Congress tinkers with withholding tax

http://biggovernment.com/2010/01/06/dems-tinker-with-withholding-tax-tables-for-2010/

Their making up the difference of revenue cause by rampant unemployment anyway they can.

Recently, retired military have received e-mail messages notifying them of a withholding tax increase. The email states:

NO ANNUAL COST OF LIVING ADJUSTMENT (COLA) WILL BE ADDED TO MILITARY RETIRED PAY IN 2010.

DUE TO RECENT LEGISLATION YOUR FEDERAL WITHHOLDING TAX HAS CHANGED.

After much investigating and several discussions with the IRS, it appears the Democrats have played a “cash-flow trick” on working Americans and are taking more out of American’s paychecks across the board–all the while touting the Making Work Pay tax credit.