To: Air Force Brat
If you're implying this is because April 15th is "tax day", I'm not sure I follow. In fact I would think the opposite, as I believe (though not sure) most people manage their withholdings so as to get tax refunds.
Also, under your logic, wouldn't every April run a surplus, which certainly doesn't appear to be true.
Just wondering.
6 posted on
05/12/2006 5:50:46 AM PDT by
safeasthebanks
("The most rewarding part, was when he gave me my money!" - Dr. Nick)
To: safeasthebanks
People who are going to get some of their withheld money back have an incentive to file ASAP. People who are going to have to cough up even more money to the government have an incentive to wait until the last minute.
7 posted on
05/12/2006 5:54:20 AM PDT by
steve-b
(A desire not to butt into other people's business is eighty percent of all human wisdom)
To: safeasthebanks
Also, under your logic, wouldn't every April run a surplus, which certainly doesn't appear to be true. April 1983 was the last time we ran a deficit in April.
In general, we run surpluses in January, April, June and September - the four times estimated taxes are due.
Look at http://www.fms.treas.gov/mts/ and especially http://www.fms.treas.gov/mts/mts.pdf
Be careful with the figures. For some reason the last column has deficits as positive and surpluses as negative numbers.
11 posted on
05/12/2006 6:47:22 AM PDT by
KarlInOhio
(Never ask a Kennedy if he'll have another drink. It's nobody's business how much he's had already.)
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