Obama Gift

When you do your taxes, you will discover Schedule M. Making Work Pay Credit.

You will love this extravagant gift from our president. It is a tax credit, not a deduction.

I think it's tied to earnings and is worth $400 per taxpayer as a tax credit. A reduction in your tax liability and payable to you along with any tax refund you are due.

There are limits based on higher income levels. Obama does not reward those making $200,000 or better.

However, don't count on it in the future. If his health care destruction bill passes, we will start being taxed now even though not one benefit will occur for three years. A gift before the slaughter.

'til later