-Caveat Lector- Where does Bush"s tax break really come from" By David Millstead, Scripps-Howard news service July 30, 2001 The tax relief checks that will start arraiving in mailboxes next week don't have a consumer warning label, so we are happy to provide one. "Warning", this check is not a "rebate" of taxes you already paid. It's an advance on the refund you'll get when you file next april. If it's an advance you ask, does that mean my refund in April will be $300 smaller than it would have been? And if I'm unlucky enough to owe taxes, does that mean my tax bill will be $300 higher? The answer to both questions is yes. But you" ll never guess that from the 1040 you"ll fill out next year. It's been designed so that it's nearly impossible to realize how the 2001 ewbate checks effect your tax preperation in 2002. "I think people think what they are getting is a refund of taxes they paid in 2000." said Gary Dudley, the tax partner-in-charge at Deloitte & Touches's Denver office. "If they think their taxes were going to show up lower April 15 (from this change), they are not." The "immediate tax relief", as the Internal Revenue Service calls it, was designed by Congress and the Bush Administration to give taxpayers the benefit of a 2001 tax-rate reduction as soon as possible. Rather than wait for next April, You'll get your tax cut now. "Congress intended the tax credit to take care of the rate reduction for 2001." said John McGreevy, an assistant branch chief for administration with the IRS. "They wanted to get the money into people's pockets for an economic stimulus." <A HREF="http://www.ctrl.org/";>www.ctrl.org</A> DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply. Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at: http://peach.ease.lsoft.com/archives/ctrl.html <A HREF="http://peach.ease.lsoft.com/archives/ctrl.html";>Archives of [EMAIL PROTECTED]</A> http:[EMAIL PROTECTED]/ <A HREF="http:[EMAIL PROTECTED]/";>ctrl</A> ======================================================================== To subscribe to Conspiracy Theory Research List[CTRL] send email: SUBSCRIBE CTRL [to:] [EMAIL PROTECTED] To UNsubscribe to Conspiracy Theory Research List[CTRL] send email: SIGNOFF CTRL [to:] [EMAIL PROTECTED] Om
