Tax THIS!
January 6th, 2010 - 8:28 am
Under the Obama Plan, 95% of American families will receive a net tax cut — except for the ones who have taxes withheld from their paychecks.
Seriously.
Big Government’s SusanAnne Hiller broke the story:
The trick, when looking at the new withholding tax tables for 2010 as compared to post-stimulus 2009, buries an increase in federal withholding taxes–for all income categories–basically giving the government an interest-free loan until current year taxes are filed next year.
Go Galt, young man!
I boosted my exemptions by 2 the other day. Hope that’s enough!
By the calculations shown there, if your taxable income is around $76,800 the change in withholding will be <$1.