States giving tax refund IOUs

bibleguy · Postby **bibleguy** » February 19th, 2009, 6:52 am

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

DaJudge · Postby **DaJudge** » February 19th, 2009, 8:42 am

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."

dalebert · Postby **dalebert** » February 19th, 2009, 9:37 am

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?

RamboPreacher · Postby **RamboPreacher** » February 19th, 2009, 10:12 am

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

Postby **Shellie** » February 19th, 2009, 10:25 am

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

bibleguy · Postby **bibleguy** » February 19th, 2009, 10:57 am

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?

DaJudge · Postby **DaJudge** » February 19th, 2009, 11:09 am

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

There is a name for this... THEFT!

Jude 2