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Posted on 03/06/2010 10:35:33 AM PST by cajuncow
This year, more Americans and businesses may be asking: Where's my tax refund?
That's because cash-strapped states such as North Carolina, Alabama and Hawaii have been forced to slow down issuing income tax refunds to individuals and businesses because of a lack of funds in their budget.
Kansas has hinted that a delay might be possible, and processing paper refunds in Iowa has slowed because the state doesn't haven't enough employees to get them processed faster.
Another state, New York, is still considering whether they'll follow the likes of Hawaii and delay refund payments.
(Excerpt) Read more at finance.yahoo.com ...
I am from Alabama, and the RSA (Retirement Systems of Alabama) has matching retirement funds for government employee’s. We are one of two states that aren’t in the negative on our retirement funds. Something seems strange here. Are they cooking their numbers, or are they about to go into the negative like California? It’s scary because we are not a rich state.
Most states do it all, from what I’ve experienced. Either way, the state will get the money from you, but filling out the income tax forms can be a pain in the neck!
God Bless Texas ... no state income tax. They can’t refuse to refund that which they have not already extorted.
SnakeDoc
Try not filing and paying on-time if you owe them... They would probably waste more money coming after you and demanding you pay than you owe.
Both are breaches of contract and should be penalized. It can't be one way for one party and another for another. If that is the way it is, then the system is broken (it is) and anarchy is not far behind.
Because they think it is their money...even hear them refer to tax cuts as an expense as if returning your money to you is a cost to them?
I cant stand filling them out either........soooooooo...I just passed it to my preparer...
Wow. That sounds like the ‘’401k’’ from Heaven alright. You mean your state macthes what goes into their state employees retirement fund? Damn. First of all, you the taxpayer are paying their salaries and your taxes pay the salaries of your elected officials who then take that taxpayers money and ‘’match’’ the fund. It’s ‘’free money’’ for the employees! Here in NJ the pensions are the ticking time-bomb that is someday(and soon) going to bankrupt the whole state. I have never heard a convincing argument for state employees having the need to be unionized.
And bet, if you delayed paying taxes because your spending, some over-paid government bureaucrat would be right there to foreclose and take all you get April 15
Why do I get the feeling that idea would give the state politicians a coronary?
Strait up theft.
I never get a state tax refund but wish dear leftist CA, which is broke, would delay the refunds to all the ‘takers’ here in the state — love to hear their whining -—— of course it’s THEIR voting and policies that put CA in the position in the first place!
One can despise Arnold but even when he has tried to make big cuts he could not do a thing with this far left and insane legislature.
The first theft was paycheck withholding. If we have to have withholding, the government should be required to pay us interest.
Those "in charge" will just use pending tax return funds to fight it.
North Carolina?
Kansas?
Alabama?
Iowa?
I missed one of my 1099 receipts in '05 and was informed in '08 and had to pay a sizable interest fee to both the state and the fed's.
It doesn't work for us serfs.
I told all my employees last year to reduce their withholdings to absolute minimums. Even if they withold too little, better to owe the state than the other way around.
Ditto. My Fed. refund is sitting in the bank already.
that was funny.
You must rent. I lived in Texas 17 years....my property taxes on my house went from $600 to $1800 to $3600 to $4800 dollars in 8 years in Ft. Worth.
That is brutal
Ya notice people in Texas are constantly trying to get people to move there?
Then throw in nasty heat and humidity 7 months out of the year...
I'd say trouble likes company
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