That and $4.60 will getcha a cuppa Joe
bad Joe, but, hey - these are hard times...
Whaddya want - eggs in yer beer?!?
If you expect you’ll be getting a refund from California when you file your 2008 state income tax return, be prepared: you may instead receive a “registered warrant.” Translation: an IOU.
I’ll try sending in the same.
The Controller’s office expects that hourly state employees would continue to receive paychecks. But IOUs could be issued to elected state officials, including legislators ...
Ok - now we’re talkin’. And their $178 per diem? and their $500/ month car allowance?
"We’ve made very little progress the past couple of weeks,” said Aaron McClear, an aide to Gov. Schwarzenegger [who makes over $100,000/year], while the Governor was away from the capital on a holiday vacation.
Yeah - you heard me: 10 “aides” worth earning getting over $100K/year. Just for Ahnold. Who takes just $1/year for his ‘pay.’
In 1992, banks honored the state’s IOUs, cashing them on demand, and then receiving an additional 5% from the state when it made good on the obligations. In effect, the IOUs served the state as unsecured bridge loans from banks.
Fiscal Planning—CA style....
Those who could be most affected are taxpayers who routinely plan for large refunds as a means of saving for anticipated expenses, ...
Yep—those are the ‘tards who vote in CA.
Posted by Claire on 01/02 at 09:16 AM
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