Spend your welfare wisely
My column for the West Bend Daily News is online. It’s called, “Spend your welfare wisely.”
Enjoy.
You’re right, it’s not a tax refund. Therefore the fact that some people receive it pay no federal income tax is really not relevant. It’s not being targeted at those deemed most “worthy”; it’s being targeted at the people most likely to spend it, and probably secondarily also those most likely to be hurting the worst in this economic downturn.
What I can agree with you on is this: it’s a much more effective political tool than an economic one.
Posted by scott on May 08, 2008 at 0855 hrsAlso, be certain to set about a third of it aside to pay the tax on it next year, because I’m 99.999% certain the IRS will consider it “income”...
Posted by J. Gravelle on May 08, 2008 at 1006 hrs
-jjg
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