Jude 2

http://www.kansas.com/735/story/701750.html

Kansas looks to be joining California in issuing IOUs instead of Refund checks.

Does this affect anyone here? Are you going to do anything (like, at least, change your W-4 to "Married with 10 dependants" so nothing is withheld for next year) or is that being preempted too?

Tougher times ahead, Lord prepare our hearts for these dark days.

http://www.associatedcontent.com/article/1428072/california_giving_ious_to_tax_payers.html?cat=47

This tears me up. If I were to keep the money I owe to the government for taxes, I'd go to jail.

But they can keep my money and say, "Sorry, bud. Nothing you can do about it."

DaJudge wrote:This tears me up. If I were to keep the money I owe to the government for taxes, I'd go to jail.

But they can keep my money and say, "Sorry, bud. Nothing you can do about it."

Yeah aint this a crock?

i bet they aren't going to add interest and penalties either.

The article states that it's not only refunds but state employee paychecks as well.

When Russia's economy tanked in the late '90s, the government didn't pay its employees for months (8 I think). In that time the ruble went from 6 to $1 to 6000 to$1.

What chaos would something like that cause here? Wouldn't this refunds in the hands of the taxpayers/consumers stimulate the local economies, thus generating more tax revenue?

Shellie wrote:The article states that it's not only refunds but state employee paychecks as well.

There is a name for this... THEFT!