In order to get the stimulus off-the-ground quickly, the government won’t be
encouraging everyone to modestly adjust their W-4
withholding to take advantage of this, or to wait until
to get a nice refund — instead,
they’ll be sending out “prefunds.” These will be based on the income and the
number of children you indicated in your tax return for last year.
(I’m guessing here, but I think you’ll then need to subtract the total of this
prefund from whatever the
owes you in , or add it to whatever
you owe them then.)
If this plan goes through as described, low-income tax resisters will be able
to earn much more, even without having to do any fancy stuff like putting
money in tax-deferred accounts. For instance, a single person with no kids
could earn $14,950 in Adjusted Gross Income this year without owing any income
tax — without having to qualify for any tax credits at all.
I’ll have to do the math, but this may make the plan I’ve followed for the
last five years — lowering my Adjusted Gross Income to around $15,000 with
various deductions and applying for the
Retirement Savings Tax Credit — superfluous.
The report urges NATO
to change the rules to make it easier for the organization to launch military
strikes, without having to pay attention to the United Nations or the European
Union, or even having to achieve consensus within
This because the world is full of terrible new threats — like the possible
spread of weapons of mass destruction — that make all the old restraints
obsolete and yadda yadda yadda.
Here’s the quote:
“The first use of nuclear weapons must remain in the quiver of escalation as
the ultimate instrument to prevent the use of weapons of mass destruction.”
If only these guys had been on the job when we were trying to prevent the use
of weapons of mass destruction in Iraq! We wouldn’t have to worry about
pacifying Baghdad today, that’s for sure.