Tax cut or credit?

[tieguy]

The extra $13 dollars we will be getting in our paychecks starting April 1st IS NOT a tax cut. It is a credit. The tax rates are remaining the same and so next year this money will be counted as income which you will have to pay tax on and you won't be able to do it $13 a week.

so what you're saying is the government is giving us 13 dollars back that they took from us before but they expect us to give it back to them?

 

[chev]

$13 is a joke when we will pay that back with interest next year.
It's like trying to make the shallow end of the pool deeper with water from the deep end. Pointless.
I just can't wait for that "tax on the rich" to start putting our small businesses under so the unemployment rate can soar even higher. A change we can believe in for sure.

 

[over9five]

It's like trying to make the shallow end of the pool deeper with water from the deep end. Pointless.

Excellent comparison, never heard that one before!