Saturday, February 9, 2008

Taxing Rebates

Would you like if your mortgage lender sent you a check and added the amount onto your mortgage debt against your will?
Would you like if your credit card company sent you a check and added the amount to your balance against your will?
Would you like if your government sent you a check and added the amount to the federal debt against your will?

In all cases one would have to pay more in the long run and have no choice. That is essentially what these "tax rebates" are. There are no spending cuts or tax cuts, this is just a loan taken out in our name. Also, checks are going to people who don't even pay income taxes, so those are just welfare checks. There's something smelly about politicians sending out checks during an election year.

http://money.cnn.com/2008/02/08/pf/taxes/rebates_what_you_need_to_know/

No comments: