FAIL.

[apocalypsos]

Rebate plan passes

Something I haven't seen mentioned in any other news story about it that phillyexpat pointed out that I kind of figured after the last rebate in 2001 (it's the only year I ever owed money on my taxes):

The checks are an advance on next year's refunds, and most, if not all of the money, will be deducted from taxpayers' refunds in 12 months' time.

Boy, really makes you want to go out and spend it now, doesn't it? *eye roll*

Comments

[phaballa.livejournal.com]

Yeah, that's how rebate plans always work, generally. I'd really like it if there were a way to just... REFUSE to get the rebate.

[neonhummingbird.livejournal.com]

Yeah, I caught that way down at the bottom of the story. :P Funny how this hasn't come up the whole time they've been garnering support for the thing....

[dawnmipb.livejournal.com]

More shortsighted stupid cluelessness by the federal government.

If they REALLY cared about getting the economy going, they'd get gas prices down to a human level. That's what's strangling business right now.

[tviokh.livejournal.com]

Eh, it'll put me that much closer to a new laptop, so I'll take it.

They ought to be paying us more for putting up with all the shite coming out of Congress and the White House of late.

[xturtle.livejournal.com]

This is what I suspected, and I asked everyone about it, and they said, no, it's an actual refund. There's no free money. It's really like being forced to accept a loan from the government, with no guarentee that you'll have the money to pay it back next year out of your refund.

[anonymous_sibyl]

I remember finding that out also. I've been looking to see if it's been mentioned this year, but no, no mention at all, just like last time. I really, really, really do not want to get one.

[phillyexpat.livejournal.com]

The plot thickens! CNN pulled that line from their article.

[killerweasel.livejournal.com]

Well... crap.

I really need that money now though.

Stupid bills. Stupid crappy car.

[doqz.livejournal.com]

Yep, it's basically an interest free loan based on your projected earnings.

Or in other words, there was a bipartisan consensus in Congress to buy a couple of poll-points with your own money.

[palmetto.livejournal.com]

Gah.

It was going directly to savings anyhow, mind, so at least I'll squeak out some interest on it. T_T