Quote:
Originally Posted by mlmpetert
Im not saying crap just for the sake of saying something. Your line of thanking Obama for returning firsts money is misguided and im just trying to outline that.
I think most people think that when they fill out their w4's that its just a nice thing that helps you keep track of the money you end up owing the goverment. But thats not true. You have to make payments through out the year; either by having deductions taken out of each paycheck or by making quarterly payments which most small business owners do and what im speculating first does.
So my statements of either 90% of your current years liability or 100% of last years liability is to point out that this is money that first already paid to the government. He ended up not making as much money as he did last year for one reason or another so the government returned HIS money. No thanks to Obama needed in that instance.
Its kind of like if you get demoted at work but dont update your w4 to reflect that you now make less then you did. So when you get that big magically refund when you file its not because you got a tax break that can be attributed to Obama or anyone else, its because your withholding more then you should be because your making less then you were.
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What I do know for a fact is that small business have gotten huge tax breaks thanks to the stimulus. You some how dispute this is the case even though you don't have the exact reason why he's getting more of his money back. We can both assume but only one guy can tell us which who is right. So lets have it firstdown...why did you get a bigger return?
If I had to bet, I would bet on saden1.