Rant: Morons everywhere

[Loc R.]

So I just paid a $10,000 tax bill. Here's the background.

In 2010 my wife & I bought a house. We qualified (or so we thought) for the $6500 tax credit.

I was a "long-time homeowner" and thus qualified for the $6500 credit.

My wife was a "first-time home buyer" and qualified for the $8000 credit.

So, we applied for the $6500 credit, since with programs of this nature they will usually knock you down to the lower credit. In addition, we filed for an extension for the 2009 tax year, so we decided to apply the credit to the 2009 year.

Well, it turns out that in order to qualify for the credit, a married couple must be either both long-time homeowners OR both first-time home buyers.

We ended up getting a $10,000 tax bill broken down as such: $6500 for the credit, plus $3600 in penalties and interest.

That's $10,000 I won't be putting into the economy this year...instead it'll go to the geniuses in Washington so they can blow it on some other moronic government program.

[Dave Toelkes]

I don't understand. Who are the morons?