More than 7 years ago, in an overweening effort to bash President George W. Bush, New York Times columnist Paul Krugman revealed an insidious plan to “give many people a rude shock” when they did their taxes.

Finally, there’s line 47. You haven’t heard about that, but you will.

Here’s the story. The Bush administration didn’t want to give those famous $300 rebate checks; its original plan would have pumped hardly any money into the economy last year. Under prodding from Democrats the plan was changed to incorporate immediate cash outlays. But those outlays were included only grudgingly, and with a catch: they really weren’t rebates. Instead, they were merely advances on future tax cuts.

What that means is that most taxpayers, when they reach line 47 of their 1040’s, will discover that they owe $300 more in taxes than they expected. In other words, the one piece of the Bush tax cut that probably did help the economy last year is about to be snatched away. The direct monetary impact will be significant; the psychological impact, as taxpayers realize that they’ve been misled, may be even greater.

Well, sometimes that’s the way these government tax “refunds” work. That’s how they’re working this time around too.

More than 15 million taxpayers could unexpectedly owe taxes when they file their federal returns next spring because the government was too generous with their new Making Work Pay tax credit.

Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages, according to a report Monday by the Treasury Department's inspector general for tax administration.

The tax credit, which is supposed to pay individuals up to $400 and couples up to $800, was President Barack Obama's signature tax break in the massive stimulus package enacted in February.

Most workers started receiving the credit through small increases in their paychecks in April. The tax credit was made available through new withholding tables issued by the Internal Revenue Service.

The withholding tables, however do not take into account taxpayers with multiple jobs or married couples in which both people work. They also don't take into account Social Security recipients with jobs that provided taxable income.

So, 7 years ago Krugman sees this situation as evidence of Bush’s disdain for the little guy. Don’t expect a peep from him now that his guy has done something similar.