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New 2010 GM Car

Discussion in 'Off Topic Threads' started by grnberetcj, Nov 16, 2009.

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  1. grnberetcj

    grnberetcj Active Member

    Jan 29, 1998
    The New GM (Government Motors) Proudly Introduces

    The 2010 Obama

    This car runs on hot air and broken promises. It has three wheels that speed the vehicle through tight left turns. It comes complete with two TelePrompters programmed to help the occupants talk their way out of any violations. The transparent canopy reveals the plastic smiles still on the faces of all the happy owners.
    Comes in S, M, L, XL and 2XL It won't get you to work, but hey, there aren't any jobs anyway

  2. stokinpls

    stokinpls Well-Known Member

    Jan 29, 1998
    Maybe you can buy one with your tax credit? Whoops! How's that hope and change and stimulus and election workin' out for ya?

    "Millions will have to repay part of tax credit
    By STEPHEN OHLEMACHER, Associated Press Writer Stephen Ohlemacher, Associated Press Writer 1 hr 46 mins ago

    WASHINGTON – More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.

    Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages, according to a report Monday by the Treasury Department's inspector general for tax administration.

    The tax credit, which is supposed to pay individuals up to $400 and couples up to $800, was President Barack Obama's signature tax break in the massive stimulus package enacted in February.

    Most workers started receiving the credit through small increases in their paychecks in April. The tax credit was made available through new withholding tables issued by the Internal Revenue Service.

    The withholding tables, however do not take into account taxpayers with multiple jobs or married couples in which both people work. They also don't take into account Social Security recipients with jobs that provided taxable income.

    The Social Security Administration sent out $250 payments to more than 50 million retirees in the spring as part of the economic stimulus package. The payments were meant to provide a boost for people who didn't' qualify for the tax credit.

    However, they went to many retirees who also received the credit. Those retirees will have the $250 payment deducted from their tax credit — but not until they file their tax returns next year, long after the money may have been spent.

    "While implementing a credit through reduced withholding is an effective way to provide economic stimulus evenly throughout the year, it is difficult to account for everyone's circumstances," said J. Russell George, the Treasury inspector general for tax administration. "More than 10 percent of all taxpayers who file individual tax returns for 2009 could owe additional taxes."

    The tax credit is also available for 2010. Russell said the problems will continue in 2010 if they are not resolved.

    The credit pays workers 6.2 percent of their earned income, up to a maximum of $400 for individuals and $800 for married couples who file jointly. Individuals making more than $95,000 and couples making more than $190,000 are ineligible.

    "Making Work Pay was designed to deliver much needed boosts to the paychecks of 95 percent of all working Americans," said Nayyera Haq, a Treasury Department spokeswoman. "Since enactment, more than 110 million families have benefited from as much as $60 in additional take home pay each month to put toward their family budgets, serving as a steady boost to spending and consumption."

    For many, the new tax tables will simply mean smaller-than-expected tax refunds next year. The average tax refund this year was about $2,800.

    The IRS, in a response to the audit, advised taxpayers to check their withholding throughout the year to make sure they don't get hit with an unexpected tax bill.

    "The withholding system must approximate the tax liability of tens of millions of Americans, and therefore, cannot be tailored precisely to fit every individual situation," Richard Byrd Jr., commissioner of the IRS' wage and investments division, wrote in the agency's response to the report."
  3. yenko

    yenko TS Member

    Jan 29, 1998
    i will never buy a new gm product agian!i have a 06 corvette with 31k miles and the check engine light came on,i found it to be the evap solonoid valve needs replaced,(emissions)gm dealer said not covered because it was out of warranty by 60 days.3yrs 36 mnths is fact warranty.what happened to 5/50?.i was told due to gms bankruptcy that no customer care would be offered.so a 25.oo part and 1/2 hour labor just cost gm a valued customer.so long gm!
  4. shot410ga

    shot410ga Well-Known Member

    Jan 29, 1998
    What happened to the "Volt"?
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