An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
It's very interesting that the monthly Tax refunds have been so high that they've become the equivalent of a stimulus package for the U. S. Economy.What's the reason for such a high level of refunds?
Jose this is one reason:http://en.wikipedia.org/wiki/Earned_income_tax_creditThey used to work this in over the whole year via the withholding tables but lately you have to wait to file to get it (not optimum imo...)rsp,
It's very interesting that the monthly Tax refunds have been so high that they've become the equivalent of a stimulus package for the U. S. Economy.
ReplyDeleteWhat's the reason for such a high level of refunds?
Jose this is one reason:
ReplyDeletehttp://en.wikipedia.org/wiki/Earned_income_tax_credit
They used to work this in over the whole year via the withholding tables but lately you have to wait to file to get it (not optimum imo...)
rsp,