Quote:
Originally Posted by carter200
xfirez51......I did not make that much but when Obama changed the taxes both my wife and my checks went backwards instead of up like he claims everybodies did.
Guess that is one way of seeing "change" 
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I'm confused. What changes did President Obama make to personal tax rates that would have impacted you negatively? I'm not aware that the tax rates have been increased since the Bush administration. And in January, you began paying 2% less for FICA. In fact,
here's a look at what the president did for your tax return in 2009,
What Happened in 2009?
One third of the Recovery Act was made up of tax credits
The credits included:
- An increase in the Earned Income Tax Credit
- An expansion of the Child Tax Credit
- For those who work, the Making Work Pay tax credit offered $400 per individual and $800 per couple
- For those who lost their job, there was a 65 percent tax credit to help cover the cost of health care. The first $2,400 in unemployment benefits went tax-free
- Up to $2,500 under the American Opportunity Credit for students and parents paying for college tuition
- $8,000 for first-time home buyers
- A deduction of state and local taxes paid on a new car
- Up to $1,500 for home improvements to increase energy efficiency
I hope your wife is making good progress.