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06-16-2008, 04:22 PM #26
Senior Member
What do you guys think about this new tax rebate?
Well, I agree with you that it is a really stupid idea. But it is not a loan that you have to pay back next year. It might be that you misread something I wrote in another thread about this, so I want to be sure to expalin it here. The government is running a deficit, so if they are going to just give away money, they have to borrow it from somewhere. So it is a loan to the government, not a loan to you. The government is going to borrow the money and give it to you. You don't have to pay it back next year, but someday the government has to pay back the loan, so we will all pay for it in higher taxes in the future.
Originally Posted by texas grass
My feeling is that even if this rebate program is a completely asinine idea, if they are going to do it anyway, then I'm not going to give up my check. If you are eligible for a check, you should get it. Giving up your check now is not going to change the fact that we will all have to pay higher taxes in the future to cover the cost of this program. You're going to pay for it either way, so you might as well get your check.
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