01-07-2009, 09:41 AM
Location: Lafayette, California
817 posts, read
1,238,844 times
Reputation: 151
Californians may get IOUs, not refunds
How does everyone feel about this?
01-07-2009, 11:00 AM
Location: Coachella Valley, California
14,875 posts, read
19,812,791 times
Reputation: 11642
I never get a refund anyway. But if I were entitled to a refund I would rather have the refund than the IOU. Who knows whether the IOU will really be "good" at some point in the future?
01-07-2009, 02:37 PM
Location: The High Seas
4,672 posts, read
4,549,876 times
Reputation: 4407
I'm not paying taxes this year; just sending in an IOU. Hey, if it's good enough for the CA State government to do, it's good enough for me too.
01-07-2009, 03:19 PM
Location: Orange County, California
1,015 posts, read
1,574,698 times
Reputation: 432
Where did you hear this??? Sources people!
01-07-2009, 03:20 PM
Location: LA
5,576 posts, read
8,346,460 times
Reputation: 2082
Quote:
Originally Posted by
Snort
I'm not paying taxes this year; just sending in an IOU. Hey, if it's good enough for the CA State government to do, it's good enough for me too.
i usually get a state return of a few hundred dollars, which i would rather have now than in god knows how many months. however, if i owed the state any money, i would be really interested in finding out what my options are of not paying the state until they release the money for refunds. also, i wonder if the state will be paying interest on the delayed refunds.
cabolissa here is a link to the Times article about the IOUs
http://www.latimes.com/news/local/la-me-tax-refunds7-2008jan07,0,7471181.story (broken link)
01-07-2009, 03:25 PM
Location: Lafayette, California
817 posts, read
1,238,844 times
Reputation: 151
It was in the Los Angeles TimesCalifornia may delay tax refunds amid budget impasse - Los Angeles Times (http://www.latimes.com/news/local/la-me-tax-refunds7-2008jan07,0,7471181.story - broken link) and the San Francisco Gate this morning.
01-07-2009, 04:23 PM
Location: Southern California
10,154 posts, read
5,937,606 times
Reputation: 6199
Quote:
Originally Posted by
BRinSM
i usually get a state return of a few hundred dollars, which i would rather have now than in god knows how many months. however, if i owed the state any money, i would be really interested in finding out what my options are of not paying the state until they release the money for refunds. also, i wonder if the state will be paying interest on the delayed refunds.
They should not only pay interest but a penalty because if it was the other way around you and I would...
01-07-2009, 04:52 PM
1,077 posts, read
2,031,416 times
Reputation: 602
Quote:
Originally Posted by
MIKEETC
They should not only pay interest but a penalty because if it was the other way around you and I would...
You do realize if you rec'd interest and a penalty who'd ultimately be paying for it?
Just take $20 from your right pocket and put it in your left pocket.
01-07-2009, 05:16 PM
Location: LA
5,576 posts, read
8,346,460 times
Reputation: 2082
Quote:
Originally Posted by
BennyPhoenix
You do realize if you rec'd interest and a penalty who'd ultimately be paying for it?
actually it would be like taking $0.0001 from my right pocket and $0.0001 from everybody else's right pocket in CA as well.
anyways, i think we'll get our money. the threat of a lawsuit looms too large. the budget will get passed or the state will borrow money from the feds, i really can't see this actually happening.
01-07-2009, 05:29 PM
Location: The High Seas
4,672 posts, read
4,549,876 times
Reputation: 4407
How about "Arnold bucks"? You just know this guy wants his face on currency. They can be used to buy imaginary items and pay for imaginary bills.
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