Tax Rebates Are a Losing Proposition Part 1

The following commentary is from Marotta Asset Management and expresses their views on the current economic stimulus package being given to many taxpayers. I'm sure you all will love it. ;-) Beginning this month until July, the government will issue over $100 billion in tax-stimulus checks, the equivalent of about 1% of annual consumer spending and some 70% of the country's $14 trillion gross domestic product (GDP). The assumption is that we can spend our way out of a recession by boosting thi