New 2009 Tax Form

The IRS as been instructed by the current administration to cut waste and make their tax forms easier to comprehend for the average taxpayer. The IRS has done an admirable job and their new, easy to understand forms will go a long way towards paying for the 100s of billions of dollars in bailouts and new programs that are being proposed.

IRS Form 1040-100

Income:

Line 1. Wages, salaries and tips ______.

Line 2. Bailout funds, cash for clunkers, unemployment benefits etc ______.

Line 3. Add lines 1 and 2. This is your adjusted gross income ______.

Payments and Tax:

Line 4. Federal income tax withheld ______.

Line 5. Subtract line 4 from line 3. This is the tax you owe ______.

Mail payments to the IRS immediately. Interest accrues from the date you first see this 2009 Form 1040-100.