"Surprise: Tax rebate not a rebate"

MrBond

Diamond Member
Feb 5, 2000
9,911
1
76
It's both, actually.

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

Czar

Lifer
Oct 9, 1999
28,510
0
0
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

Diamond Member
May 20, 2000
5,720
1
0
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

Lifer
Nov 9, 2000
19,441
86
91
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.