Tag Archives: IRS

Jun 13 2010

White House reveal that 51% of employers may have to relinquish their current health care coverage due to ObamaCare

Another Obama friday night leak of information that people will lose their current health care coverage. Obama lied to you when ask about keeping your health care insurance, he said you would not lose the insurance you have now. Now White House says you will.

Internal White House documents reveal that 51% of employers may have to relinquish their current health care coverage by 2013 due to ObamaCare. That numbers soars to 66% for small-business employers.

The documents product of a joint project of the Labor Department, the Health and Human Services Department and the IRS examine the effects new regulations would have on existing, or “grandfathered,” employer-based health care plans. Read more at the SOURCE

May 2 2009

UPDATE Social Security beneficiaries: Taxpayers to get rude surprise!

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Millions of Americans enjoying their small windfall from President Barack Obama’s “Making Work Pay” tax credit are in for an unpleasant surprise next spring.

The government is going to want some of that money back.

The tax credit is supposed to provide up to $400 to individuals and $800 to married couples as part of the massive economic recovery package enacted in February. Most workers started receiving the credit through small increases in their paychecks in the past month.

But new tax withholding tables issued by the IRS could cause millions of taxpayers to get hundreds of dollars more than they are entitled to under the credit, money that will have to be repaid at tax time.

At-risk taxpayers include a broad swath of the public: married couples in which both spouses work; workers with more than one job; retirees who have federal income taxes withheld from their pension payments and Social Security recipients with jobs that provide taxable income. Keep reading…

UPDATE

Obama tax breaks may trip up seniors
Social Security beneficiaries received notices last month that they soon will be getting a $250 check courtesy of President Obama’s economic recovery package, but the administration did not say that some recipients may have to give part of it back.

The problem: Seniors who also work and qualify for Mr. Obama’s $400 Making Work Pay middle-class tax cuts may find themselves forced to give back some or all of the Social Security bonus come tax-filing time in 2010.

Congressional and IRS officials say taxpayers cannot double-dip into both programs. If you are getting extra Social Security money and benefit from a lower withholding in your paycheck, the two will have to be reconciled when you file your 2009 tax returns next year.
Read More

Americans, you better enjoy while you can! Your president is going to get the money back it looks like and you, yes you will be short changed in the end!

LINKS:

(1) No thanks, Eric Holder

Mar 31 2009

IRS Agent Admits Cheating on His Own Taxes

An Internal Revenue Service agent who audits taxpayers in California has agreed to plead guilty to cheating on his own taxes.

In a plea agreement filed Monday in Orange County, 43-year-old Jim H. Liu (LOO) of Diamond Bar admitted that he filed a tax return claiming a loss on a real estate transaction when he in fact saw a large profit.

He pleaded guilty to one federal count of subscribing to a false tax return, a charge that carries a penalty of up to three years in prison. Read More

Americans need to refuse to pay taxes until all the people in government is checked out and we are sure they have paid their own tax! Why should we pay taxes when the White House is full of tax dodgers!

LINKS:

(1)

Another day, another Obama nominee with tax problems

Kathleen Sebelius, President Obama’s nominee to become Health and Human Services secretary, said in a letter obtained by the…..click on link to keep reading.