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This is our archive forum. It contains posts from 1999 to 2003. If you prefer, you may participate in our current COMBATSIM.COM Forum
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Author
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Topic: 1040 Line 47 & the Indian-Giver-in-Chief
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mane_raptor
Member
Member # 845
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posted 02-22-2002 07:11 AM
    
Have you folks done your Federal Taxes Yet?You are not going to believe this: You know the $300 or $600 the Fraud-in-Command "gave" us last year? Guess what? YOU GOTTA GIVE IT BACK!!!!!!!!!!!!!!!! Just check out Line 47 of your 1040 Long Form (don't have the short, but I bet it's there too).  -------------------- Check six & aim for the cockpit. "We must not confuse dissent with disloyalty. When the loyal opposition dies, I think the soul of America dies with it. ."-- Edward R. Murrow He who sacrifices freedom for security is neither free nor secure" - Ben Franklin “I believe that freedom of speech should not be so abused by some that it is not exercised by others because of fear of smear. I believe we must not become a nation of mental mutes blindly following demagogues. I believe that we should never become mental mutes with our voices silenced because of fear of criticism of what we might say.” -— U.S. Sen. Margaret Chase Smith, R-Maine, 1950, Declaration of Conscience Speech
Posts: 6145 | From: Maine USA, Proud Member of ELF (EAW Liberation Front) | Registered: Nov 1999 | IP: Logged
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mane_raptor
Member
Member # 845
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posted 02-22-2002 07:24 AM
He told us "It's YOUR money". How many times did he say that? Look, this is "fraud", pure and simple. -------------------- Check six & aim for the cockpit. "We must not confuse dissent with disloyalty. When the loyal opposition dies, I think the soul of America dies with it. ."-- Edward R. Murrow He who sacrifices freedom for security is neither free nor secure" - Ben Franklin “I believe that freedom of speech should not be so abused by some that it is not exercised by others because of fear of smear. I believe we must not become a nation of mental mutes blindly following demagogues. I believe that we should never become mental mutes with our voices silenced because of fear of criticism of what we might say.” -— U.S. Sen. Margaret Chase Smith, R-Maine, 1950, Declaration of Conscience Speech
Posts: 6145 | From: Maine USA, Proud Member of ELF (EAW Liberation Front) | Registered: Nov 1999 | IP: Logged
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Old Guy
Member
Member # 1606
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posted 02-22-2002 08:23 AM
Mane,Line 47 is a credit line, which would be used to reduce your taxes. The worksheet on page 36 of the instructions makes it clear (as clear as a Fed form ever can be!) that only those who received no advance payment or less than they should have are to use the worksheet and make any entries in line 47. The entry would be a tax credit, reducing your overall tax by that amount. I've heard all sorts of tales about the Feds 'taking back the payments made in 2001' but other than paying taxes on the amount, I can't see where that's the case. I don't have my form 1040 handy, so I can't tell if the amount was included in my taxable income, but I'd be surprised if it wasn't.  That means I'll have to give back about $75 in taxes. I guess that could be construed as 'Indian giving'. Jim
Posts: 1769 | From: Fort Collins, Colorado, USA | Registered: Dec 1999 | IP: Logged
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