So does it make any sense in 2010 to keep the tax man’s hammer down on the unemployed? Did the government not give the banks a break who created this economic mess in the first place? Did the government’s bail out money not provide profit, survival and fat bonuses for the Wall Street crews? Does the government not plan tax breaks for small business who reinvest in plant, equipment and rehires? Did the government not give big auto a Cash for Clunkers program to boost sales along with financial restructure for GM? Is there not a 8,000 dollar tax credit for first time home buyers who are fortunate to have jobs? So why is there no mention of 100% tax free unemployment compensation for the down trodden, displace and forgotten, we the unemployed.
Is it because we the unemployed have no voice? At the Unemployment Gone Mad community http://unemployment-gone-mad.com we are seeking to change this injustice with a new tax reform bill and one voice. The bill is called the “Jobless STUB Retro 2009 U/B Tax Free Act”? STUB, is like the paycheck stub we no longer have and stands for STOP TAXING UNEMPLOYMENT BENEFITS. The new legislative bill needs Sandy Levin, Ways and Means Committee New Chairman to step up and committee members to climb on board. This bill will make all unemployment collected in 2009 totally tax free.

Let’s not forget about those who have lost a job in 2009 and remember the US Congress can still help in 2010 with this new bill IN THE WORKS.
Have you heard about the Jobless STUB Retro 2009 U/B Tax Free Act? STUB is like a paycheck stub and stands for STOP TAXING UNEMPLOYMENT BENEFITS. This bill is seeking critical AFL-CIO support and needs media coverage to garner passage. The new legislative reform bill will make all unemployment collected in 2009 tax free not just the current law deduction of an insane $2400 exemption ( about 6 checks). Many should consider waiting before filing to see if this bill passes because maybe most of their income is from unemployment compensation. Besides you have until April 15 2010 to make a decision. Especially if they did not withhold from their checks and they are long term (5.8 million are) then more than likely they have a IRS liability and will face collection.

The launch site is called Unemployment Gone Mad and you can check for legislative updates. The bill is a big changer if you drew a lot of benefits. Remember a record 20 million collected some unemployment in 2009. This a big life changer for those millions who will face the IRS music. Carl Larson Executive Director at Unemployment Gone Mad: http://unemployment-gone-mad.com …stay tuned for updates

The statement about Michigan suspending federal and state withholding on unemployment is incorrect. The suspension applies on the STATE level only. You will still have to pay taxes on the Federal part.

Mr. GoTo I didn’t know this. Thanks for sharing the info.