Comments on: Read this if you’re running late on your taxes http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Thu, 11 Mar 2010 23:51:04 -0800 http://wordpress.org/?v=abc hourly 1 By: observer http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59492 observer Sun, 20 Apr 2008 20:01:05 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59492 nicoco, I think Bush in one of his speeches has replied your question regarding why they are giving the money to the people than spending it itself. He said that he believes American people know best about how to spend their own money. Apart from that, I think if govt resorted to spending the money itself, it would set a bad precedent, and republican establishment would not want that. Also, there would be accusations of inefficiency and corruption and just a political fiasco on an election year. Giving money to people, however, would just make people happy. nicoco, I think Bush in one of his speeches has replied your question regarding why they are giving the money to the people than spending it itself. He said that he believes American people know best about how to spend their own money.

Apart from that, I think if govt resorted to spending the money itself, it would set a bad precedent, and republican establishment would not want that. Also, there would be accusations of inefficiency and corruption and just a political fiasco on an election year. Giving money to people, however, would just make people happy.

]]> By: Roman http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59413 Roman Sat, 19 Apr 2008 19:05:16 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59413 I could have used that extension instead of waiting on line. The package that the gov't is giving isn't the best and i will only work as a stop gap measure they could have done a better job. I could have used that extension instead of waiting on line. The package that the gov’t is giving isn’t the best and i will only work as a stop gap measure they could have done a better job.

]]> By: nicoco http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59387 nicoco Sat, 19 Apr 2008 05:25:02 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59387 Bonuses or not, that was not my point. My point was: the government is redistributing money it collected, hoping that people will spend it and stimulate the economy. Why couldn't the government spend this money directly and stimulate the economy. There are many ways the government could do that, depending on your political views. The examples I gave are just examples, it could, build new prisons, I'm sure every one of us has many ideas... Why wouldn't that stimulate the economy? You build a new prison, it's a new contract for a building company, they hire new workers, ... those workers buy ipods... etc. I guess the difference is that this 'stimulus' is much more short term, but I can't help thinking it's stupid and is done only for popularity. Now, I prefer to have this money myself, I think I will spend it more wisely than the government (I won't bomb anybody with that money, that's for sure). Bonuses or not, that was not my point.
My point was: the government is redistributing money it collected, hoping that people will spend it and stimulate the economy.
Why couldn’t the government spend this money directly and stimulate the economy.
There are many ways the government could do that, depending on your political views. The examples I gave are just examples, it could, build new prisons, I’m sure every one of us has many ideas…
Why wouldn’t that stimulate the economy? You build a new prison, it’s a new contract for a building company, they hire new workers, … those workers buy ipods… etc.
I guess the difference is that this ’stimulus’ is much more short term, but I can’t help thinking it’s stupid and is done only for popularity.
Now, I prefer to have this money myself, I think I will spend it more wisely than the government (I won’t bomb anybody with that money, that’s for sure).

]]> By: Chris http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59348 Chris Fri, 18 Apr 2008 19:22:46 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59348 The stimulus will help in one form or another. Either it will be spent to stimulate the economy, or it will be saved at banks which are struggling to find liquidity at the moment. Everyone is eligible which makes it a bipartisan benefit. The stimulus will help in one form or another. Either it will be spent to stimulate the economy, or it will be saved at banks which are struggling to find liquidity at the moment. Everyone is eligible which makes it a bipartisan benefit.

]]> By: Rory http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59295 Rory Fri, 18 Apr 2008 05:28:54 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59295 I agree with the statements made about the "no stimulus" for savings. Unless the person saves their money by cashing the check and then sticking the money under their mattress, I don't see how it wouldn't provide stimulus in one form or another. I agree with the statements made about the “no stimulus” for savings. Unless the person saves their money by cashing the check and then sticking the money under their mattress, I don’t see how it wouldn’t provide stimulus in one form or another.

]]> By: The Facebook Effect On Your Birthday; A Nice Way To Fill Your Inbox. | Dorm Room Biz http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59243 The Facebook Effect On Your Birthday; A Nice Way To Fill Your Inbox. | Dorm Room Biz Thu, 17 Apr 2008 17:06:19 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59243 [...] Tuesdayw, April 15th, besides being Tax day (did you get your taxes in on time?) was also my Birthday. So, here is what I call “The Facebook Effect“. Facebook [...] [...] Tuesdayw, April 15th, besides being Tax day (did you get your taxes in on time?) was also my Birthday. So, here is what I call “The Facebook Effect“. Facebook [...]

]]> By: Jeremy Freelove http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59066 Jeremy Freelove Wed, 16 Apr 2008 02:35:01 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59066 No Kat, the government is considering this a refund of previously paid taxes. No Kat, the government is considering this a refund of previously paid taxes.

]]> By: fraudr http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59061 fraudr Wed, 16 Apr 2008 01:55:21 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59061 Kat, I guess a teacher didn't do the job when you were in class: that's "receive." Also, most teachers teach 10 months/year, frequently more than 40 hours/week during those 10 months, and then spend the other two months catching up on the work they don't have time to do during the school year (lesson revisions, professional training, teaching summer school to make some money to afford a little vacation, etc.). Finally, yes, teachers make what most of America makes, but they have to get a lot more education to get that salary, especially since NCLB was passed. Did you know that many teachers have a second job to make ends meet? Kat, I guess a teacher didn’t do the job when you were in class: that’s “receive.” Also, most teachers teach 10 months/year, frequently more than 40 hours/week during those 10 months, and then spend the other two months catching up on the work they don’t have time to do during the school year (lesson revisions, professional training, teaching summer school to make some money to afford a little vacation, etc.). Finally, yes, teachers make what most of America makes, but they have to get a lot more education to get that salary, especially since NCLB was passed. Did you know that many teachers have a second job to make ends meet?

]]> By: Kat http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59055 Kat Tue, 15 Apr 2008 23:50:49 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59055 @nioco, teachers don't need bonuses. They make what most of America makes, only they do it in 9 months instead of 12. Will we have to pay taxes on the rebate checks we receieve? @nioco, teachers don’t need bonuses. They make what most of America makes, only they do it in 9 months instead of 12.

Will we have to pay taxes on the rebate checks we receieve?

]]> By: nicoco http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes/comment-page-1/#comment-59050 nicoco Tue, 15 Apr 2008 22:50:52 +0000 http://www.iwillteachyoutoberich.com/blog/read-this-if-youre-running-late-on-your-taxes#comment-59050 "If consumers save rather than spend the money, there will be no stimulus” Why was there a stimulus in the first place? Why couldn't the government stimulate the economy by: - renovating schools - giving bonuses to teachers - paying a bit of a few needy people's health care all this money would be spent anyway, it would benefit the economy anyway. So what's the difference? “If consumers save rather than spend the money, there will be no stimulus”

Why was there a stimulus in the first place?
Why couldn’t the government stimulate the economy by:
- renovating schools
- giving bonuses to teachers
- paying a bit of a few needy people’s health care

all this money would be spent anyway, it would benefit the economy anyway. So what’s the difference?

]]>