Anybody else dissappointed?

Sure. Here it is in a nutshell. The IRS has a tax table that according to your income you fall into a certain percentage of taxation. Lets say you are in the 15% bracket and your employer takes out less than 15% of your wages because of the new stimulous...at the end of the year you are going to owe the IRS the difference from what was withheld on your paychecks and what is owed according to the tax bracket you fall into. If the IRS does not change thier tax rates then a lot of Americans are going to owe that have never owed before. As of yet the IRS has made no indications that they are going to change thier tax rates.

Hi sweet - thanks so much for the explanation. NOW I understand and can manage my finances accordingly. I don't think that many people are aware of this little glitch in the stimulus bill and doubt whether they will be ready when their taxes reveal a big payout at the end of the year. Thanks again. I'm calling my accountant and asking how much we should be adjusting our weekly salaries in order to compensate!

Your welcome. As a tax preparer it is a scary thought when I think of my clients financial situation next year and I am trying ot give out the best advise I can to those I will see between now and april 15th but for those that came earlier to get thier taxes I won't see again till next year.

I don't know why you think the stimulous hurt you from last year cause it wasn't taxed and you didn't have to pay it back. Yes you were asked how much it was when you did your taxes but only to see if you qualified for the Recovery Rebate which would give you more money if you qualified.

Thank you for letting me know as my tax person is now out of a job. See I need you to do my taxes as I hate taxes. I swear if I could I wouldn't file. It is a pain I'm good with hands on things not #'s of any kind. I don't even blance my check book anymore. I will starting Next friday. Have a great day. Be back later have to go pick up my last paycheck.

I totally agree 100% with you. I am also using every available space to grow my own food and thinking of getting a couple of laying hens too. I also can so I am only going to need new lids. We have to do whatever is in our power to gain independence from the government and from the big merchants and be more self effecient. This morning I checked on my tators and they are doing good I just burried them again and will have to do that two more times before I let them grow. We have tators,squash,zucchini,and other veggies already in the ground. Waiting for my tomato plants to come in. Our asian plum has fruit on the tree already so in April we will harvest those.

Oh, how lucky you are to live in the South! Technically, we live in the south, but according to the map, we're in the northern half of the country, Virginia. We're also in the mountains of northern Virginia so our growing season hasn't begun yet except for things that grow year-round here like onions and garlic. My fruit trees all have buds on them but haven't even flowered yet. I have potatoes growing in pots right now because I was so eager for Spring that I just couldn't wait! LOL I plan to plant them outside once it's warm enough, around the end of April. I've started my tomatoes, peppers, eggplants and celery inside already and they're growing very well. (I'm talking about 50 tomato plants and maybe 30 each of pepper, eggplant and celery plants.) I plan to do a LOT of canning this year! I'll be growing corn, zuchinni, peas, beans, carrots, beets, oh, heck, it would be easier to just tell you what I'm NOT growing this year! I'm also keeping a close eye on a company that has invented "printable" solar panels. These things are MUCH less expensive than what's available now (pennies as opposed to dollars). Supposedly, they should be ready for retail sale sometime this year, but so far they're only available on an industrial level. I'd LOVE to see our government scrambling to create new jobs for people who've been so severely affected by this recession that they're doing what you and I are doing... everything available to reduce or even eliminate our need for taxed consumer goods or even jobs. I can't understand how the government cannot see that we, the little people down here at the bottom, are spending FAR less than ever, reducing the tax revenue severely! It's us, down here at the bottom, who need the help. If WE were helped, we'd spend more, creating more tax revenue for the government and helping to keep huge corporations going without the need for bailouts. But, no, our stupid government insists on starting at the very top, helping those who don't deserve the help. We need some divine intervention, apparently.