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Making Work Pay Tax Credit

Jesse Mathewson | November 18, 2009 | 0 Comments

Another example of an out of control government.

According to the IRS, the Making Work Pay Tax Credit is the following. “In 2009 and 2010, the Making Work Pay provision of the American Recovery and Reinvestment Act will provide a refundable tax credit of up to $400 for working individuals and up to $800 for married taxpayers filing joint returns. This tax credit will be calculated at a rate of 6.2 percent of earned income and will phase out for taxpayers with modified adjusted gross income in excess of $75,000, or $150,000 for married couples filing jointly. ” (IRS.Com, 2009)

A much-vaunted approach by the NEW New Deal government we have in Obama. However, as with everything that starts with “FREE” all good things must end. Obama’s appointee Tim G. the tax evading head of the IRS is now reporting the following, “An estimated 15.4 million tax filers may be getting paid more of the Making Work Pay credit than they should, according to a report from a Treasury Department inspector general publicly released Monday. And that means they either will get less of a refund than they expected, or will actually owe money to the IRS on their 2009 taxes.” (CNNMoney.Com, 2009) I mean sure, the inspector general is not Tim- however, lets be honest what is the use of being in charge of the largest money scam of our time (the IRS) if you do not sign off on inspector general reports.

Yes folks, another example of a rogue government went badly. For almost 16 million Americans next year will be a truly bad year. After all thanks to bad funding decisions and TRILLIONS spent bailing out corporate interests so that those same corporate interests can lay off millions of people, now some of those millions of people will be receiving calls from the IRS telling them that if they don’t pay for the IRS’s mistake and do it NOW they will lose everything. Take it from someone who has had those calls. 5 years after a supposed “error” on my part, I finally received notice. Of course in the five-year interim the fees had built up astronomically, and guess what I no longer had any time to find out what the real problem was. Therefore, I set up regular payments to the IRS, being on disability SSI at the time made it hard, of course what made it harder was when the IRS again screwed the pooch and began deducting 45% of my SSI payments on top of the payments I was already making. Yes folks, the government you love to hate, or hate to love your call has caused more people to become jobless or homeless than any other entity through bad decisions and even worse leadership.

I digress however; let us concentrate on the almost 16 million more people who are about to get a wake up call and a reassurance that when they voted for Obama it meant being screwed yet again! Yes folks, I warned you all as did hundreds of other people who saw that the original New Deal politics ended with, you guessed it- our current situation! Lets recap, bail out and prop up major corporate interests under the guise of saving the economy- lose over 12% of American jobs as a result, than say “whoo hoo my plan rocks under it some people (of the almost 6 million lost) have found jobs…” really? According to (CNSNews.com) - “At least 12,000 jobs “created” by President Obama’s stimulus package are summer jobs for young people.” Oops, what- you mean he aint really helping us?

Now let us take another approach, let us just say that these major businesses fail completely. Now all of the sudden there is a vacuum for this business type and true to American ingenuity several small business springs up to fill the gaps. So now, instead of losing jobs we have allowed competition and the true American capitalist attitude to succeed where government has failed. Unfortunately, this is but a dream, your government has instead sold you out forcing you to become socialists all the while blaming capitalism.The first time was in the 30′s and the now again they are bailing out aging giants that should be allowed to die, and they are doing it with YOUR money-

My answer here is- YOU LIE OBAMA and Company (that’s everyone voting for his programs, and working with him)

This Making Work Pay Tax Credit is just another example of the failure that occurs when you allow or encourage some subpar wanna be politicians to begin making business decisions. Sorry folks, who remembers the Constitution, who remembers the days when you could own a mom and pop place and be comfortable, who remembers what freedom really tasted like…

Remember in 2010- remember to vote for people who can and will take this country back and will hold to account the rampant BAD decisions being made at the top. For those of us in Arizona, its time to get rid of John McCain and bring in Jim Deakin!

Originally posted at Examiner.com © Jesse Mathewson