[carfansince73]

Originally Posted by rmyers

If they wanted to really help us out they would suspend income tax and payroll tax deductions from your paycheck. That would put money in the pockets of employees and employers.

Yeah, and they calculated that we will get an extra $13/week for a single person when they reduce one of the taxes, we pay, income, Medicare, or SS I don't know which. That will REALLY get the economy going! NOT!!!


As rolnslo said, that deduction is already there for some, but the only catch is you have to itemize to take advantage. So for some it may sound like they are getting a tax deduction, but they won't be able to take advantage. When they calculate their taxes, their standard deduction will be larger even with the sales tax added to their list of itemized deductions.

This spendulous bill sucks bigtime. No one in the overseas markets thinks it's any good either. Look at their stock markets after the annoucements in the past couple days.