oh man as an econ major this is a really interesting study. Part of me thinks hey! we did screw/borrow ourselves into a recession ( which technically needs a few more months to be considered one), and part of me thinks that a lot of it must be media hype and self fullfiling prophecies. I'm gonna invest mine or just get rid of credit card debt, that or invest it in some mutual funds.
I've got a question/theory relating to this. Did anyone else have any issues with their taxes this year? We filed our return as usual. We set our return up on direct deposit. Always do. We have 2 children, neither are newborns, by any means. Well, we get a letter saying our taxes are messed up because one of kids doesn't exist. WHAT? Hell, he existed last year, and the 4 previous to that. So, we call in, and apparently some one at the IRS put his SSN in wrong, but they wouldn't admit that. Well, anyway, a few weeks later, we get another letter saying that our bank info is wrong, so they will be mailing our checks instead of direct depositing them. Which, in turn will slow our second check, the stimulus one. Seeing as my SSN would have put us in the first grouping, and being hitched with younguns puts us in the higher bracket, I'm wondering if these "mistakes" weren't intentional. I've talked to a couple of coworkers and friends, and I'm finding out that apparently a LOT of people didn't get their returns direct deposited due to an "error". I just find this odd. Seems like a stalling tactic to draw just a bit more interest. Anyone else have any of this happen?
So the idea is you get this money and spend it on junk stimulating the bla-bla-bla. But once just about everything is made in China now a days isn’t that just increasing the national debt? Is check vs. direct deposit based on how you get your tax return? If so I’m in the May 5th camp.
If your tax refund was direct deposited, then your check will be direct deposited. I had mine done at H&R Block, so we have to wait on a check. But I should be in the first mailings.
