Tax Chat

Yesterday I got caught up with an old friend who lives in western New York. Her cat who was 19 years old was put down and she was still hurting weeks after.

Our conversation drifted to the economy. A close friend of hers works in management at a regional bank in Buffalo. Then I mentioned the new stimulus package that may be presented to Bush to sign yet this year.

I told her another check would be saved and not spent. We purchased two chairs for the family room last spring but any more $ would go into the bank.

She went on about how her stimulus check went for taxes. The economy in her area is closely tied to the automobile industry and has been depressed for years.

She went on about the whole state is no where to be due to the economy and mostly due to the heavy taxes. She pays the school tax bill and then 3 months later gets the county tax bill and 3 months following that the city tax bill.

Plus, her small pension is taxed. So the first stimulus check gave her a little breathing room and went to one of those tax bills. If there's another "gift" from the government it will go toward the local government.

Will there be another stimulus check? Or is this a political promise?

'til later