Helena
Full time employment: Posting here.
- Joined
- Aug 27, 2006
- Messages
- 994
Will we have to pay back this
re-bate and switch when we
file our 2008 tax return ??
MILSTEAD: You recall the '01 tax 'rebate' checks?
Rocky Mountain News
Wednesday, January 23, 2008
**
Already, we are calling the Bush administration plan to give households $800 to $1,200 in cash a "tax rebate," much as the smaller 2001 checks were described.
That was a misnomer. The summer 2001 "rebate" checks were not a rebate of taxes paid the previous April, as many thought. Instead, they were an advance on the refund taxpayers were going to get in April 2002.
That meant refunds in April 2002 were $300 smaller than they would have been without the summer 2001 checks. And those who owed taxes faced a tax bill $300 higher.
**
Click link below for entire article
MILSTEAD: You recall the '01 tax 'rebate' checks? : Columns & Blogs : The Rocky Mountain News
*
re-bate and switch when we
file our 2008 tax return ??
MILSTEAD: You recall the '01 tax 'rebate' checks?
Rocky Mountain News
Wednesday, January 23, 2008
**
Already, we are calling the Bush administration plan to give households $800 to $1,200 in cash a "tax rebate," much as the smaller 2001 checks were described.
That was a misnomer. The summer 2001 "rebate" checks were not a rebate of taxes paid the previous April, as many thought. Instead, they were an advance on the refund taxpayers were going to get in April 2002.
That meant refunds in April 2002 were $300 smaller than they would have been without the summer 2001 checks. And those who owed taxes faced a tax bill $300 higher.
**
Click link below for entire article
MILSTEAD: You recall the '01 tax 'rebate' checks? : Columns & Blogs : The Rocky Mountain News
*