Friday, April 25, 2008

Market stimulus plan

Just a quick note on the total amount. Over 15% of US taxpayers have balance due accounts, whether from the current year or going back to 1998 (the oldest year we can still collect from).

NONE of these people will be receiving their "advance on next years refund" (which is what it is), instead it will be applied to their balance due. Remember this when the gov't is bragging about the total amount of stimulus. On top of that I can confidently say that over 50% of those receiving checks will be using the money to help get out of debt. Not going to circuit city or wal-mart.

Just my .02

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