Oh look. Free money.
Well, that just fixes everything, doesn't it?
My little family is scheduled to receive, two weeks from now, almost as much money as we got in our tax return.
I should shred the check, in accordance with my feelings on the whole silly stunt. (Or actually, make a withdrawal of the cash, because it's being direct deposited to my bank account, and then shred it.)
But no, I'll stick it in my savings, where I put my tax return money last month. So much for an economic stimulus.
Labels: bread and circuses, philosophy, responsibility, The Fall Of Western Civilization, The Incredible Shrinking Dollar
posted by Matt G @ 3:51 PM
11 Comments:
I feel the same way! BUT We'll be putting towards our school taxes. So much for spending it on crap:)
Thank your children. They will be paying for this "gift".
I work in the real estate industry (not as an agent). Given the current market conditions, my "stimulus" check will go into savings to help me sleep better while I worry about losing my job.
From the link - "My bills are double," she said. "I go to the supermarket and I spend $200. I used to spend $120."
I bet she wouldn't think her paycheck had doubled if it went from $120 to $200. :)
As much as I'd like to spend the money on something fun, it's going to go to pay off the last of our credit card bills. (assuming we get the full amount)
I still consider it MY money, that they've been borrowing, interest-free. That said, it pleases me greatly to use it to pay off revolving debt instead of buying something extravagant.
It's only free money if it is more than you paid in taxes. If it is less than you paid in taxes, it just means that it's your money, being handed back to you.
Just my opinion.
Given how much I got back from my returns compared to how little we put in, and this-- yes, it will be more than we put in. And it's not going to stimulate the economy, any more than Hazel Stone's paying off her revolving debt will.
Well, seeing as I'm not getting any back at all...
You're welcome!
It just further magnifies the inequities of the tax code.
Buy a $20 gold piece, or an Eagle ounce of gold. That way you'll still be able to buy the same amount with it 20 years from now as you can today.
Plus, in 20 years, when it takes $10,000 to buy an ounce of gold, you can show it to your friends and say "I only paid $900 for this back in '08."
"My little family is scheduled to receive, two weeks from now, almost as much money as we got in our tax return."
So........... NEXT year, you won't get SQUAT....... unless you did'nt have anything coming BACK, anyway.......... THAT'S how skrood up the tax code is.....
They are just loaning your money back to you. The interest will be paid later.
It is a loan you will be charged for even if you don't want it.
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