....are apparently down steeply this year, according to Breitbart. Things get worse for the tax and borrow and spend liberals, too; this does not count the fact that the IRS is going to be mailing a lot of big refund checks to people who lost their jobs in 2009, myself included. How so?
Simple. IRS rules state that a severance check is taxed as a bonus with a standard rate of 25%. Hence, large numbers of people are going to be getting big refunds come 2010. This reality may help put a brake on the tax and borrow and spend proclivities of Blago Obama, Pelosi, and Reid.
At least we hope.
And yes, it's bizaare that the government would choose to further hurt workers who lose their jobs by taxing their severance payments at 25% or more. If they had desired to further slow the economy, I can hardly think of a better course for them to follow.
I Heard It On The NARN
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Focus on the Family’s counseling site: www.focusonthefamily.org/tragedy Or
call 855-771-HELP for a call back from a counselor. And here’s today’s
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16 hours ago
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