I did my taxes a few nights ago and was freaking out when the software said I had to pay close to $1000! Then I remembered that damn $300 tax rebate. Ugh!!! Damn you George Bush!
From the NY Times [click on link for full article]
...most taxpayers, when they reach line 47 of their 1040's, will discover that they owe $300 more in taxes than they expected. In other words, the one piece of the Bush tax cut that probably did help the economy last year is about to be snatched away. The direct monetary impact will be significant; the psychological impact, as taxpayers realize that they've been misled, may be even greater.
From the NY Times [click on link for full article]
...most taxpayers, when they reach line 47 of their 1040's, will discover that they owe $300 more in taxes than they expected. In other words, the one piece of the Bush tax cut that probably did help the economy last year is about to be snatched away. The direct monetary impact will be significant; the psychological impact, as taxpayers realize that they've been misled, may be even greater.
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