Talk of The Villages Florida - View Single Post - This Probably is Not Helping Obama Get a Good Night's Sleep.
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Old 06-03-2011, 10:42 AM
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What the poor down troden souls don't know is that $300 check is taxable income. Remember the $250 all of us that are on SS got. When I got a letter from the IRS, telling us that we forgot to include that on our tax return and the IRS wanted their money back. We send them a check for 250 dollars. Got another letter telling us, what is the 250 for. Several months later we get a check from Uncle Obama for $251.78. Interest for keeping the $250 for several months. Then we get another letter telling us to send the $250 back, they (IRS) found that we did owe them the SS $250.

This is the educational level of our current government workers. We are in lots of trouble and just don't know it yet.

BTW, remember the "Cash for Clunkers" program. We took part in that, but did a little research before jumping into the game. What caught a lot of people by surprise is that $2500 to $3500 you got for that old car was taxable income.

The goernment gives nothing for free.