Goddamn Government

[fictionaut12]

Tax rebates

Comments

[crockalley]

It's more than just an advance on next year's return. There will be a tax cut in 2008, and the additional $$ we would get in our returns is instead being given to us now. It's not like they're just taking $600 straight out of next year's return, period. There's this whole future tax cut thing to take into account. (I would personally also like to dismiss this "advance return" stuff and just get it next year.)

[joechummer]

Tax cuts + a gov't already hemorrhaging red ink + recession = economic disaster.

In gov't budget deficits, lower taxes reduces federal income, which makes the budget deficit even larger unless the gov't can severely cut spending. And since WHEN has this happened in recent memory when a warmongering president is in office?

[allamericanboi]

Supply-siders argue that lower [corporate] taxes increase federal revenue, so they're clearly immune to our fits of logic.

[aelphaba]

Will I owe taxes on my rebate amount next year? What if this year my situation changes and that means my rebate amount should be less