Friday, March 12, 2010
Tax Refund Paradox
I am poor, so I am rich. Or, going under in order to stay afloat. These paradoxes came to mind when we did our taxes yesterday. We were shocked to find out that Arizona is giving us a $50 tax refund, although we didn't pay any state income tax. And the federal government is giving us $800 just for being poor, plus EIC, not to mention the full refund of what we paid during the year! Is this a stable economic situation, paying out lots of money to those who don't pay taxes? How long can this last? I'm not going to complain right now, being on the plus side... but I'm not looking forward to watching my money be so generously distributed to the economically challenged!