[Imc] When is a rebate not a rebate?

[Jason Pitzl]

George W, stamps "sucker" on the heads of Americans....
http://detnews.com/2001/politics/0107/25/-254330.htm

"The tax-relief checks that will start arriving in mailboxes next
week should have a consumer-warning label: "Warning: This check is
not a 'rebate' of taxes you already paid. It's an advance on the
refund you'll get when you file next April. "
   If it's an advance, you ask, does that mean my refund in April
will be $300 smaller than it would have been? And if I'm unlucky
enough to owe taxes, does that mean my tax bill will be $300 higher?
   The answer to both questions is yes. But you'd never guess that
from the 1040 you'll fill out next year. It's been designed so that
it's nearly impossible to realize how the 2001 rebate checks affect
your tax preparation in 2002."

Jason Pitzl
MythWorks, www.wildhunt.org/myth/
TheSkysGoneOut, www.wildhunt.org/sky/


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