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Old 01-07-2009, 10:41 AM
 
Location: Brisbane, Australia
961 posts, read 2,326,559 times
Reputation: 208

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How does everyone feel about this?
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Old 01-07-2009, 12:00 PM
 
Location: Coachella Valley, California
15,583 posts, read 38,037,430 times
Reputation: 13361
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?
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Old 01-07-2009, 03:37 PM
 
Location: The High Seas
7,376 posts, read 14,238,251 times
Reputation: 11779
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.
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Old 01-07-2009, 04:19 PM
 
Location: Orange County, California
1,017 posts, read 2,818,328 times
Reputation: 470
Where did you hear this??? Sources people!
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Old 01-07-2009, 04:20 PM
 
Location: South Bay
7,164 posts, read 20,106,210 times
Reputation: 3445
Quote:
Originally Posted by Snort View Post
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)
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Old 01-07-2009, 04:25 PM
 
Location: Brisbane, Australia
961 posts, read 2,326,559 times
Reputation: 208
It was in the Los Angeles Times
California 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.

Google "California Could Issue IOU's" and there are many stories on it.
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Old 01-07-2009, 05:23 PM
 
Location: Southern California
15,084 posts, read 18,599,226 times
Reputation: 10321
Quote:
Originally Posted by BRinSM View Post
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...
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Old 01-07-2009, 05:52 PM
 
1,319 posts, read 3,871,713 times
Reputation: 1135
Quote:
Originally Posted by MIKEETC View Post
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.
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Old 01-07-2009, 06:16 PM
 
Location: South Bay
7,164 posts, read 20,106,210 times
Reputation: 3445
Quote:
Originally Posted by BennyPhoenix View Post
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.
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.
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Old 01-07-2009, 06:29 PM
 
Location: The High Seas
7,376 posts, read 14,238,251 times
Reputation: 11779
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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