California Taxpayers to get IOU's instead of Tax Refunds.

Profile picture for Aldreth
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January 13 2009 - US

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I have heard a lot about this. Also, they are discussing iou's to pay the teachers. This is again a repeat of the GD, where my grandmother recieved a voucher for her pay as a teacher. The voucher system created a black market, where she turned in her vouchers to trade for food.
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January 13 2009
Profile picture for mina36
How in the world do they think teachers or anyone can live on vouchers as pay??? Seriously. I get the tax refund IOU, but normal pay ???
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January 13 2009
My grandfather was a typewriter salesman and got paid cash. They used the cash to pay the farm bills. Realize that there was no loan on the farm, they bought it with cash, which was more common during the GD.
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January 13 2009
Profile picture for Pasadenan
I was going to send them an estimated tax payment this week, even though I technically don't have to.

I owe them money, so perhaps I should wait until April 15 and only send them what is absolutely required?

But then I will still need to do estimated payments for this present year, so I might as well pay extra and just roll it over.

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January 13 2009
What if I end up owing ANOLD some tax mulla can I send that bast@rd an IOU too?? 
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January 13 2009
Holy crap!
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January 13 2009
Profile picture for Mr Caveat
can i apply my IOU to next year's taxes? :P
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January 13 2009
Or you could just send in an IOU letter with your tax statement!
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January 13 2009
Profile picture for TiffanyBond
I think I'm going to start IOUing my bills. :)
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January 13 2009
Good idea! An IOU on my property taxes @ 300/mo? Whatcha think?
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January 13 2009
My dad said he'll pay his property taxes with the state iou. lol
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January 13 2009
I am printing Obama IOU dollars now to use at the gentleman's club.I

IOU for this lap dance.
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January 13 2009
Profile picture for writeagain
When I first started working social services about 10 years ago (yipes!  That long?) the local (Chicago) agencies were just coming off "payless paydays."    Long story short, the state was behind paying back service providers (much like now) and those without a rainy day fund got screwed.  Every time you opened a paycheck you got an IOU for whatever your pay was.  I believe you were allowed to draw unemployment but when you finally got your pay it was reduced by that amount.  Many, many people left the field as a result.  Will many, many people now leave California?  Maybe you should send them a monthly statement for late payment and charge late fees and interest.
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January 15 2009
Profile picture for jimmy57
"My dad said he'll pay his property taxes with the state iou."

Brillant!  A man after my own heart.
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January 15 2009
 
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