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Subject:  Re: Not everyone gets a tax rebate Date:  6/12/2001  2:45 PM
Author:  IndecisiveFool Number:  153060 of 910558

The simple solution would have been to put in the 10% bracket on the first 6K (for single, non-HoH) or 12K (for married) taxable income, have companies adjust wage withholding (starting 7/1 or whenever) to reflect this, and simply have many of us get a refund when we filed our 2001 taxes. Unfortunately, for political reasons the decision was made to issue these "rebate checks".

It would be a simple solution, but for economic reasons, the government wants the refund to arrive earlier in the hopes that it will boost the economy. Your idea would spread the extra money from lower wage withholding over a longer time frame.


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