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Ichi the Killer

Bursa Malaysia stock trading portfolio of nobody really important.

Friday, April 25, 2008

US Tax Rebates Ahead of Schedule

Interesting article this.... (excerpts). Link to full article below.

Tax rebates to start arriving Monday
Treasury Department says it will deposit the first 800,000 rebates - five days earlier than expected - in effort to boost economy.

By Catherine Clifford, CNNMoney.com staff writer
Last Updated: April 24, 2008: 5:53 PM EDT

NEW YORK (CNNMoney.com) -- The federal government, eager to boost the flagging economy, will start distributing special tax rebates on Monday - five days earlier than expected, the Treasury Department said Thursday.

The department had said last month that it would begin giving rebates on May 2.
Instead, 800,000 tax filers daily will get rebates on Monday, Tuesday and Wednesday. No rebates will be distributed on Thursday, and 5 million payments will be made on Friday.

Overall, the Treasury will distribute more than $110 billion to 130 million taxpayers by July and hopes to get the first $50 billion out by the end of May, DeSouza said.....

Link: http://money.cnn.com/2008/04/24/pf/taxes/Stimulus_checks/index.htm?postversion=2008042417

Hmmmm ......

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