That has the potential to be a disaster, on the magnatude of Y2K.
Brought to you by the Democrat majority.

--
Christopher A. Young
Learn more about Jesus
www.lds.org
..


"HeyBub" wrote in message
m...

Regarding taxes, assuming the Congress returns the second week in
November
when there are only six weeks remaining before the Bush tax cuts
expire; but
sorting out who gets to keep a tax cut and who doesn't is only the toe
in
the water.

Assuming the Congress can get a bill - whatever the provisions -
passed on
this matter and signed by the president in one week. That leaves
roughly
five weeks before the first pay period in January.

Over 25 million firms will have to change their payroll procedures -
but
they won't have the full five weeks! The IRS will have to publish new
withholding tables, allowances for dependent exemptions, capital gains
percentages, etc. Software companies (i.e. Intuit and Quickbooks) will
have
to code the changes and test the modifications (remember, most state
income
tax is based on the federal rate). The software companies will then
have to
replicate the changes and ship the results to literally millions of
their
clients. These clients, in turn, will have to install the new software
during the holiday season (Thanksgiving, Christmas, Hannukah, New
Years').

Even IF the Congress merely extends the Bush tax cuts, many software
packages have the original expiration built-in, and will automatically
revert to the pre-Bush rates!

Come the first payday in January, there will be an outbreak of
screaming,
stabbings and assorted mayhem as things get terribly screwed up.

People will die. Fortunately, not too many children.