"Surprise: Tax rebate not a rebate"

[Czar]

http://www.detnews.com/2001/politics/0107/26/-254330.htm


<< Surprise: Tax rebate not a rebate
Checks being mailed are really an advance on 2001 refunds >>


More twist to the story

 

[MrBond]

It's both, actually.

Because the tax rate dropped, the rebate covers the &quot;overcharge&quot; you paid last year. And, due to the lower tax rates, refunds will be smaller next year.

 

[gittyup]

tax refund

 

[etech]

Czar, I'm sure this won't affect your taxes since you don't live in the USA.

 

[Czar]

I does not affect me in any way, but it does affect many here so I just thought you should know... seems some of you already knew though

 

[SilverThief]

I'm one of the few who dont even get a rebate this year.....thats ok, just means more for me next year when I stick it to em good.
Bastards!

 

[rudder]

When you pay taxes in april 2002 you will be paying last years rate instead of the new lower rate. The rebate check is to cover the difference.

 

[ChrichtonsGirl]

I never thought it was a rebate - it's more of a pre-refund, if there is such a thing.