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Originally Posted by preciousjeni
No y'all... they likely will send the money out to folks because they know most of us are idiots who will say "Ooh $1,200?!?!?!" And then go spend $3,000. That's what they're counting on.
They only need to mask the decline of our economic state until the elections are over.
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There's no need to get your tin-foil hat on - there are enough problems with this plan without any conspiracy theory.
The amount being pushed out the door is inconsequential compared to the overall market decline - there's your starting point.
Quote:
Originally Posted by preciousjeni
Are you kidding? What do you think tax refunds are? It's money that the IRS has withheld from you for profit. Then, you get it back at the end of the year with no interest. That's quite a deal for the IRS! A no interest loan to the government compliments of the tax payers.
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This is only true if you schedule your own taxation in this fashion - you have literally dozens of other options, from quarterly payments to non-payment, that would allow you to not give an interest-free loan to the government.
In short, you have no one to blame but yourself if this is true.