A note about my retired pay from DFAS.

Tax increase leads to smaller paychecks for some

If you noticed a reduction in your net pay on a recent retirement paycheck, your taxes may have increased.

The Internal Revenue Service recently issued new tax tables for 2010. The new tables included tax increases for individuals in certain tax brackets. DFAS complied with the new tax rates by implementing the new IRS tables with the first paycheck of the year. For military retirees and annuitants, that check was issued Jan. 4, 2010.

As a result, some military retirees' and annuitants' Federal Income Tax Withholding increased despite the fact that they received no Cost of Living Adjustment this year. This is why some retirees' and annuitants' net pay decreased.

What happened to Obama's promise to not raise taxes if you make less than $250k?

No change in my retired pay this year (no COLA)and I'm not working, but withholding goes up because of a tax increase?

"What happened to Obama’s promise to not raise taxes if you make less than $250k?" That promise was blown out of the water as soon as SCHIP when into effect.

If a politician's mouth is moving...

LOL, I guess I got a COLA (Cost of Obama Living Allowance) adjustment after all, I just had to pay for this one.

The rich MUST pay their fair share!

If you work, you ARE rich!!!

Read my lips...

if his blue lips are moving, he is lying.

Sure, and 'Free Healthcare for All' won't cost anything.

Politicians never saw a dime they couldn't waste.

Chemyst

Forget the tea party, now THIS is a protest

PORTLAND, Maine — About two dozen women drew a crowd of onlookers when they shed their shirts and marched downtown in Maine's largest city to promote what they call equal-opportunity public toplessness.

Organizer Ty MacDowell said the point of Saturday's march in Portland was that a topless woman out in public shouldn't attract any more attention than a man who walks around without a shirt.

The Portland Press Herald reports that by the end of the march, more than 500 people had amassed — a mix of marchers, young men snapping photos, oglers and people just out enjoying a sunny, warm day.

It's not illegal for a woman to be topless in public in Maine, and police said there were no incidents or arrests.

This is tax withholdings not taxes that were changed.

I have always managed my tax withholdings to ensure that only what taxes I owe is withheld. This is of course perfectly legal.I never was of the mindset to allow the IRS to decide my withholdings. I guess alot of people don't do that. I don't understand why.

Greenwolf expects the government to handle it for him.

3. Author: Gene363 Date: 04/04/2010 10:16 PM Reply

"If a politician’s mouth is moving... "

Someone on Cbid will be whining about it.

"The Internal Revenue Service recently issued new tax tables for 2010. The new tables included tax increases for individuals in certain tax brackets. DFAS complied with the new tax rates by implementing the new IRS tables with the first paycheck of the year."

The Cult of Obama raised my taxes NOW and DFAS (the office that pays my retirement) is withholding more money as a result. They took the additional money in January and just notified me why at the beginning of April.

Sure they did! Just you though, not everybody else. It is a conspiracy.

With holding tax, wow.

Recently, retired military have received e-mail messages notifying them of a withholding tax increase. The email states:

NO ANNUAL COST OF LIVING ADJUSTMENT (COLA) WILL BE ADDED TO MILITARY RETIRED PAY IN 2010.

DUE TO RECENT LEGISLATION YOUR FEDERAL WITHHOLDING TAX HAS CHANGED.

After much investigating and several discussions with the IRS, it appears the Democrats have played a “cash-flow trick” on working Americans and are taking more out of American’s paychecks across the board–all the while touting the Making Work Pay tax credit.

The trick, when looking at the new withholding tax tables for 2010 as compared to post-stimulus 2009, buries an increase in federal withholding taxes–for all income categories–basically giving the government an interest-free loan until current year taxes are filed next year. Some would blame the increase in withholding on the Making Work Pay tax credit being spread out over 12 months as compared to 2009, which was only over 9 months, but this would be impossible as some middle class wage categories carry an increase in the withholding tax of over $200 per pay period.

Unlike the middle class wage earners, who are going to see huge amounts taken out of their paychecks, unless they increase their exemptions on their W4 form, it’s an increase that most wouldn’t even notice–$10 or $20 in some cases. Here are some of the “highlights” of the new 2010 withholding tables:

I heard that Obama raised the taxes of everybody that complains about him!

^ I heard that too...

1. Author: GreenWolf70 Date: 04/04/2010 09:14 PM Reply

A note about my retired pay from DFAS.

Tax increase leads to smaller paychecks for some

If you noticed a reduction in your net pay on a recent retirement paycheck, your taxes may have increased.

The Internal Revenue Service recently issued new tax tables for 2010. The new tables included tax increases for individuals in certain tax brackets. DFAS complied with the new tax rates by implementing the new IRS tables with the first paycheck of the year. For military retirees and annuitants, that check was issued Jan. 4, 2010.

As a result, some military retirees’ and annuitants’ Federal Income Tax Withholding increased despite the fact that they received no Cost of Living Adjustment this year. This is why some retirees’ and annuitants’ net pay decreased.

What happened to Obama’s promise to not raise taxes if you make less than $250k?

No change in my retired pay this year (no COLA)and I’m not working, but withholding goes up because of a tax increase?

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Welcome to the ranks of the "rich."

Probably a new rube tax.