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Title: February 2010 Federal Tax withholding plummet (So much for recovery)
Source:
Zerohedge.com
URL Source: http://www.zerohedge.com
Published: Mar 2, 2010
Author: Tyler Durden
Post Date: 2010-03-02 00:12:43 by Nebuchadnezzar
Keywords: None
Views: 1871
Comments: 16
February 2010 Federal Tax Withholdings Plunge To Multiyear Low Submitted by Tyler Durden on 03/01/2010 22:31 -0500 * Federal Tax * Recession February was not an auspicious start to Obama's record budget deficit-busting plans. The Daily Treasury Statement for the full month of February was just released, and it disclosed that while corporate tax withholdings, net of refunds, actually climbed marginally to $3.4 billion from $(3.4) billion in February 2009, individual tax withholdings plunged to a multi-year low of $30.7 billion. Combined, the two items also posted a multi low of $34 billion, less than the previous recent low from February 2009 when the first leg of the Greater Depression was allegedly at its zenith (see chart below). We can't wait to hear how the "recession is over" brigade will paint this particular data point.
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#1. To: All (#0)
This, along with states reported sales-tax receipts, is far better indicator than all the manipulated data which comes out of the White House.
Goldi-Lox: You're one dumb-fucking bitch.
Goldi-Lox: You're one dumb-fucking bitch.
No comment from our resident Obama defenders? Oh, too busy with all the pumping. I get it.
Goldi-Lox: You're one dumb-fucking bitch.
Oh, too busy with all the pumping. I get it. You might have caught them at a bad time. Their religion requires they pray to Wasington DC five times a day.
Obammy sez it this isn't surprising given the tax cuts enacted last year by the Democrats.
Being a Republican means you get to choose your own reality.
Didn't some sort of change in witholding go into affect as well?
Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
Demonstrating once again, Being A Democrat Means You Ignore REALITY. (laughing)
my anti groupie can't get through life without me.
Yeah, as of January, they're taking more out.
Lie. It's called Making Work Pay and they withhold less from some wage earners. Douche...
Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
The memo sent from our Controller's Office: From: ******, Patty Sent: Friday, January 29, 2010 9:05 AM To: ****.HR-Mgrs.Asst Subject: January taxes Good morning all. I had planned on sending this out earlier, but I’ve spent quite a bit of time at ****** this week and just haven’t had time to send it. The stimulus tax package ended 12-31-09. Federal taxes reverted back to what they were before the stimulus tax package was put in place in March last year, (retro to February). Having said that—this means that most employees will see a slight decrease in their net pay. Hopefully, this will help you to answer employees’ questions when they ask why their take home pay is less than it was last month. Patty Patty ******, Payroll Manager
Patty is wrong. Making Work Pay runs through 2010. For 2010: Notice 1036 contains the 2010 withholding tables, which reflect reduced withholding resulting from the Making Work Pay credit. The notice also includes information about an optional procedure permitting administrators of pension plans to offset the withholding reduction. For 2009: In February 2009 the IRS issued updated withholding tables to help employers implement the withholding adjustments required by the Making Work Pay credit. More details are available in Publication 15-T. In May 2009, the IRS subsequently issued an optional adjustment procedure allowing plan administrators to offset the February 2009 withholding reduction for some pension recipients.
Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
And, Puddin', my last two bonuses were withheld @ 30% not the standard 35%...
Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
My paycheck is not wrong. More taxes were withheld.
Take it up with the IRS puddin'...Patty fucked up. Is she white?
Day 9 of Packrat refusing to register here. Day 7 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
I don't work for some mom and pop organization. I don't know who Patty is and she is just the messenger.
Sure you do...she's just another name for "PADLOCK"...
Day 10 of Packrat refusing to register here. Day 8 Of Boofer The One Eyed Wonder Bot refusing to answer: When is Blackwell going to have the recount? Jan 30, 2006 ... by saveliberty (Proud to be Head Snowflake, Bushbot...
#2. To: All (#0)
#3. To: All, War, Brian S, Go65 (#2)
#4. To: Nebuchadnezzar (#3)
No comment from our resident Obama defenders?
I believes it
an' that settles it!
#5. To: Nebuchadnezzar (#3)
No comment from our resident Obama defenders?
#6. To: go65 (#5)
(Edited)
#7. To: go65 (#5)
#8. To: war (#6)
Didn't some sort of change in witholding go into affect as well?
#9. To: dont eat that (#8)
(Edited)
#10. To: war (#9)
#11. To: dont eat that (#10)
(Edited)
#12. To: dont eat that (#10)
#13. To: war (#11)
#14. To: dont eat that (#13)
My paycheck is not wrong. More taxes were withheld.
#15. To: war (#14)
.Patty fucked up. Is she white?
#16. To: dont eat that (#15)
I don't know who Patty is and she is just the messenger.
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