Taxes

posted by The Vidiot @ 12:47 PM Permalink

{sigh}

I hate the whole process, though I wimp out and pay someone to do most of it for me. But this year, my tax guy was going on and on about how the so-called "rebate" the government is sending this spring is really just an advance on your return for NEXT year. So, next year, if your refund was supposed to be $3,000, then you'll be getting either $600 or $1,200 less, depending on what your "rebate" was.

If you look up the word rebate, you get "a return of part of the original payment for some service or merchandise; partial refund." I'm not sure that really applies here. Usually, a rebate is, if you pay for something and get a rebate, you're getting your money back. In this case, you're not getting your money back so much as you're getting an advance on money you would be getting back. It's not a rebate at all. (Thanks MSM for making that so clear )

Anyway, as annoying as that is, I found this blog entry on how corp/gov screws small school districts over for profits and it's all perfectly legal. (Read the whole thing. It's very interesting.)

Everyone should assume all major investment banks are intentional players in sophisticated scams that epitomize American-style predatory capitalism, and that smaller local banks have been fleeced. Logic dictates smaller banks have been successfully targeted for infestation with financial weapons of mass destruction early on. They present plumper pickings as compared to leaner small school districts in poor communities in Pennsylvania.

Honestly, this economic system is sick and out of control, isn't it?

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