Rovingpatrol's Blog

Its NOT A Tax Break!

Posted in politics by roving on February 23, 2009

Over and over MSM keeps calling the whopping extra $10-15 dollars a week for people wo pay taxes is a tax break. Its NOT a tax break but a tax CREDIT. A tax break doesn’t expire. A tax credit does. For those of us who pay taxes we will only see the extra few dollars until we hit the $400 to $800 range. Then it goes away.

For most working individuals, the credit will be paid over time at roughly $15 per period, assuming 26 pay periods in a year. Estimated cost: $116 billion. (Don’t you just love how getting OUR own money back is considered  costing the government? )

One-time payments to those who don’t work: For retirees, disabled individuals and others who don’t work, the bill provides a one-time $250 payment. Estimated cost: $14.2 billion.

This mess in the economy could had been fixed last year if the bailout money was given to the tax payers and not to the banks.  We seem good enough to pay taxes but not deemed good enough to stimulate it. Well, you cut me a check for $20,000 I guarantee you I would have spent at least half of it.

$13 a week. This is how the Government feels about you. Your stupid and hoping your a sucker to actually believe its going to make a difference.


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