Thursday, April 2, 2009
Dear Fellow Travelers,
The following advisory was included with my wife's pension check for this month: "The Internal Revenue Service (IRS) requires the use of new withholding tables that reflect the Making Work Pay credit, as outlined in the Federal stimulus package. These new tables take effect April 1, 2009 and may reduce the amount of income tax withheld from your pension benefit. Please note that pension plan distributions do not currently qualify for the new Making Work Pay credit, thus the new tables could result in under-withholding. You may want to submit a revised W-4P and/or consult with a tax advisor to ensure enough is withheld from your pension benefit."
In my humble opinion, this is an excellent example of the incredible "wisdom" of the stimulus package! Please, go back and reread the first paragraph and tell me how this will stimulate anything other than the ire of the taxpayer! Think about it: As the result of the stimulus package, Annis' payroll tax has been reduced, giving her an increase in her net check; HOWEVER, because this will result in an under-withholding of her tax responsibility, come tax time next year, she will have to scratch around and find whatever amount that might be, and include it with her return. Of course, she could choose not to do that and pay it later, along with interest and penalty! Oh, I forgot: she will have to pay her CPA an added $250 for an hour's work to straighten all of this out. And one more thing: the whole point of this stimulus package is to encourage spending. Gosh! if she spends this gargantuan amount, where will she get the money at next year's tax time? In case you haven't figured it out, the leaders of this good ole USA are deceiving us--big time--by taking money out of our pockets and putting it into theirs (we used to call that "sleight of hand")!
I know you are asking what this has to do with the intricacies of God's amazing grace, so I will tell you: Socialism and Religion have much in common and without God's amazing grace, we will survive neither. Both socialism and religion imprison, control, manipulate, deceive, and destroy. Sadly both are here to stay! Do not be deceived; you will never again know the freedom that capitalism has given to you. The promises your are given by your leaders are hollow and deceptive, not to mention self-serving. A warning: if you should choose to continue living under the umbrella of religious hypocrisy, you will NOT survive the days and months that lie ahead. A suggestion (strong suggestion!): RUN TO JESUS AND TRUST HIM AND HIM ALONE!
You think about this--
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