Expect EVERYONES taxes to increase when the Bush Tax Cuts Expire...

snobuny · 09-17-2010, 09:09 AM

Just remember Obama quit taking as much out of your checks also.....part of the stimulus! They decreased withholdings to increase the amount in everyones paycheck to make it look like you are bringing more money home and hopefully spend more.

If the tax increases go into effect and you don't watch your withholdings closely you could be left holding the bag come tax time in spring of 2012......a nice check needed to be written to Uncle Sam may come your way. I got hosed for 2009 (spring 2010)!

Used to be you were safe just claiming zero on your W2.....not anymore! I have to say I am sick and tired of having to cut back on everything and my taxes just keep going up and up and up!

09-17-2010, 09:09 AM	#1
snobuny Kneedragger Join Date: Nov 2008 Location: michigan Moto: 01 kawa 600R, 03 636 track, yz250motard Posts: 155	Just remember Obama quit taking as much out of your checks also.....part of the stimulus! They decreased withholdings to increase the amount in everyones paycheck to make it look like you are bringing more money home and hopefully spend more. If the tax increases go into effect and you don't watch your withholdings closely you could be left holding the bag come tax time in spring of 2012......a nice check needed to be written to Uncle Sam may come your way. I got hosed for 2009 (spring 2010)! Used to be you were safe just claiming zero on your W2.....not anymore! I have to say I am sick and tired of having to cut back on everything and my taxes just keep going up and up and up!