States Withhold Tax Refunds
Brent Tantillo • March 12, 2010 • Uncategorized
In an incorrigible move, states such as New York and Hawaii are planning to hold on to taxpayer’s hard-earned money by delaying payment of tax refunds for months, according to USA Today.
New York, hit with a $9 billion deficit, may delay $500 million in refunds to keep the state from running out of cash, says Gov.David Paterson.
Hawaii’s Department of Taxation says some residents may not see state income tax refunds until the end of August, TheHonolulu Advertiser reported. It was part of a plan by Gov.Linda Lingle to deal with a revenue drop-off by pushing costs into the next fiscal period, which begins in July.
There is absolutely no concept by these politicos that the Government does not have the right to hold on to taxpayer’s hard-earned money one minute longer than necessary. If a tax return is owed, it should be paid immediately. But no, these states believe the opposite. They believe they are providing a benefit to taxpayers by providing them a return, that the great Leviathan if it wanted could take all of your hard earned dollars and squire them away for its pet projects. This is precisely the reason why Americans are so frustrated with government and why the Tea Party movement and others have formed to combat such violations of our inherent rights.
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[...] From Brent Tantillo of the Democracy Project: States Withhold Tax Refunds [...]
Unfortunately, you missed one important point: while the states can hold on to your tax refund for extra time, to cope with a budget deficit, if you owe the state money, and do not pay it on time, you are subject to interest and penalties, and possibly criminal prosecution.