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The TaxGrrrl says that President Bush will today propose sending taxpayers with incomes under $110,000 tax rebates - $800 for individuals and $1,600 for couples. Congress, always game to bribe us with our own money, is likely to go along in the name of "stimulating the economy."
That's so 2001. I propose a more exciting form of stimulus. Let's load our B-52 bombers with $20, $50 and $100 bills and conduct low level simulated bombing runs dropping the cash over areas affected by the mortgage crisis. Surely the sight and sound of the big birds skimming the treetops of Southern California will stimulate something, and it will be at least as effective as the rebate plan.
The Wandering Tax Pro has more thoughts.
UPDATE: One million dollars...
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The items included in the Tax Update Blog are informational only and are not meant as tax advice. Consult with your tax advisor to determine how any item applies to your situation.
Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to
Comments
Your idea sounds like much more fun! And perhaps it would have shocked the Dow into not doing anything rather than slumping... :P
Posted by: Kelly | January 20, 2008 12:21 PM