Friday, February 08, 2008

I'm sure you are all looking forward to the rebate checks uncle sam is dishing out to us, but I just found out something I did not realize:

From CNN:

"The checks are an advance on next year's refunds, and most, if not all of the money, will be deducted from taxpayers' refunds in 12 months' time. "
 
So, be aware - the reality is that you will just get that much less money on your refund at the end of next year.  To me this is very sneaky, and I did not realize this is how it was going to work!  I just figured we'd add to our $5 trillion debt and let the next generation figure it out ;-)

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