LAST EDITED ON Jan-25-08 AT 05:23PM (MST)[p]it hasn't even passed yet...don't hold your breath on this one...the dem's want it to spend on something like....more public transportation, or higher taxes on...anything that makes us pay more taxes.
Plus if it gets approved, it will only go to those who's household income is less than $75K
Think about how much the government made off our tax that we will / might be given back.
$180,000,000,000 X 8% average annual return or 0.0667% per month or 0.0022% per day
= $14,989,939,186 they made off our taxes in one year with compounding interest. The government pays BIG bucks to brokerage firms to make them money, on our money, and the 8% is a very conservitive figure. Example my investments on average last year yielded 13-15% return, depending on the fund.
Why can't we get the interest back to??? Just a thought...
muleyman