SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenneth E. Phillipps who wrote (166300)7/31/2001 1:59:48 PM
From: TimF  Read Replies (1) of 769670
 
"Instead of paying down $57 billion in debt, as the Treasury expected on April 30, the Treasury plans to borrow $51 billion."

You make it sound like the tax rebate results in a change in the surplus to a deficit on a scale of $108bil. The math doesn't work out to support that contention. There aren't enough taxpayers getting $300 each to add up to $108bil.

Tim

Edit: There where just short of 123 million individual tax returns. Some of these returns are from people who are claimed as a dependent on other people's tax returns and thus are not eligible for this program. Other returns were from people that had so little income that there total tax liability was under $300 or had other reasons while they had less then $300 or even $0 dollars in there rebate. The total amount of money sent out could easily be less then $30bil and was definitly less then $108 bil. I could not find more detailed information about how much will be sent out on the IRS' web site.

Tim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News