When a Democrat takes a Republican idea, the Democrats love it to death, and Republicans are happy, when it is reversed, the Dems go nuts with threats, and Reps. can’t get it passed. It is better to be a Conservative Dem. than any sort of Repub. This plan will go no where, and we all know it. The Dems will pay back those who voted for them, and that is that.

If you all read Newt Gingrich’s book, “Real Change” you would know what a Republican is, and how government should work. I have no idea what a Republican is these days. Colin Powell? George Bush? Yech…

Seriously, either we elected a bunch of baffoons or lying fascists. I’d take my chances with baffoons but I’m afraid never before in our history has the latter been the case.

And I’m sure you are looking forward to the additional opportunity to be patriotic when The Moron lifts the cap on FICA so you can pay the full 15.3% on 100% of your salaries? Here’s hoping you don’t have any employees other than yourselves making more than 100K, or you might be saying bye bye to that salacious “profit” (ps, until that day arrives, it might be to your advantage to pay most of the salary to you, and little to your wife, or vice-versa. That would minimize the FICA you jointly pay.)

Didn’t Obamy just say there will be a time to make profits, but now’s not that time. Since he has never really had a job, managed an employee or run a business, do you think he realizes that there are millions of people like you who actually use that “profit” to buy food and pay the rent?

I could be the RNC’s poster child but since McTaint’s face plant in November, I haven’t been pickin’ up their calls when their number comes up on caller ID.

http://www.nostimulus.com

Make your values, ideas, & concerns be heard in the Senate before this mess gets any further.

The ‘support’ is dropping (10 points w/Independants over the weekend) – let’s join together and stop this just as We The People did with Shamnesty.

If you call the IRS, you are likely to get an affirmatiave action employee. It’s like throwing darts with a broken arm. Better to study up yourself.

So, you only owe federal taxes on refunds of state or local income taxes if you previously claimed them as a federal tax deduction. It makes sense that you would owe new tax if you get a refund, because you took a prior deduction for the refunded amount.

Of course, you should be VERY careful with this, because it’s SO easy to forget this obscure portion of the tax code.

I mean, if you withheld taxes on income, and you’ve withheld more than you owe, and you calculate the amount owed on your total earnings, and you’re entitled to a refund, shouldn’t that refund even the scale? Put another way, wasn’t the refund amount included in total earnings for the purpose of calculating taxes owed?

Every time I ask about this, I get a bunch of mumbo-jumbo for an answer. Even the tax people can’t agree.

Considering that Theresa Kerry paid 12.7% taxes on the 1/2 of 1% of income she reported in 2003 (for a total tax percent of 6/100 of 1% of her fortune), the year the stock market rose 26%, it seems a bit mysterious.

It couldn’t possibly have anything to do with policical contributions, could it? Just as a mental exercise, if Theresa contributed $1 million in 2003, it would have been 1/10 of 1% of her fortune. But since we live in America, that can’t possibly be the reason.

RB, I know people get bored with numbers, but it sounds like your business is worth about $1M (to someone capable of running it, of course). To contrast your situation with what Madame Kerry paid on a percentage basis in 2003, you would pay $627 in taxes per year. I suspect you pay a bit more…..but then, you work, and she doesn’t, so it’s only fair, right?

I’ve been audited once, but let me assure you, I wasn’t given the option of filing an amended return, and then writing a check, sans interest and/or penalty. To say the experience was unpleasant challenges the limits of understatement. The penalty , by the way, was greater than the tax they determined that I owed. Go figure?