On Thu, Feb 14, 2008 at 9:28 AM, Nicholas Geti <[EMAIL PROTECTED]> wrote:
> > > I think that when the first round of rate hikes hit the adjustable loans > > this spring and summer then America will get the bitch slap the > "markets" > > have been afraid of for the last 3 months. Suddenly Americans will > look > > at > > debt and realize that it sucks. I am guessing that those checks you > will > > receive late spring will go against debt instead of just will full > > spending. > > -- > > Stephen Russell > > Sr. Production Systems Programmer > > You are very close. The refund checks that will be going out in May are > not > a tax reduction. What will happen is that the amounts will be charged > against your 2009 income tax refund. People are going to be surprised in > April, 2009 when they will not receive the normal refund they were > expecting. Most people normally have too much tax taken out during the > year > and expect to get back a certain amount. > > > ------------------------------------------------------------------------------ > I know it's a loan against your potential check. I have been paying the government for years so I don't expect to see one this time around either. What is worse is that for the people who get a check and they will owe a check back to Washington in April of 09, that won't be funny a second time around. -- Stephen Russell Sr. Production Systems Programmer Mimeo.com Memphis TN 901.246-0159 --- StripMime Report -- processed MIME parts --- multipart/alternative text/plain (text body -- kept) text/html --- _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
