TAXING OUR PATIENCE!

Observation of the Day!

January 19, 2008

Let’s see now. Bush proposes that taxes refund checks be sped up to get people to spend it quickly to strengthen the economy. Wasn't it just about a month ago that the IRS said refund checks would be delayed because of the lateness in Congress passing the alternative minimum tax bill? So I am not sure how the IRS will speed up what they already told us would be delayed. Somebody is just plain lying or at least misleading. Imagine that?

Remember folks, this is overpayment of YOUR money, and the government used it interest free. Here’s an idea, maybe if the money was left in the pockets of the taxpayer, they may have already spent it and the economy would already be in better shape.

By the way for those who may owe, be sure you get your 1040s and checks in by April 15, or the IRS will charge you interest for everyday your payment is late. And don't forget your first 2008 estimated tax payment while your are at it. With any luck you might get it back 2009.

Have a nice day!

Sam