Recently I happened to read an article titled 'Real Bank of America' in Google News, where the author expressed genuine difficulty in figuring out where to invest his 'decent' tax refund. If only he had consulted the financial expert Stephen Leacock of the last century he would have got some sane advice.

The Internal Revenue Service today released new withholding tables that will result in more take-home pay this spring for millions of American workers.

Dow Jones reports that Microsoft co-founder Paul Allen, owner of the NFL's Seattle Seahawks and the NBA's Portland Trailblazers, will reap a billion dollar tax cut from the economic stimulus bill:

The income tax refunds, paychecks and the payments for Medicaid providers and schools may be delayed and in jeopardy as the Democratic governor of Kansas and the Republican-controlled legislation clashed on Monday and could not agree on the cash flow of the state.

California State Controller announces delay for tax refunds. There is a problem with cash.

Americans for Tax Reform President Grover Norquist has sent a letter and formal application to the Treasury Department requesting $700 billion from the TARP Capital Purchase Program to fund the following tax cuts:

Unclaimed refunds totaling approximately $1.2 billion are awaiting about 1.3 million people who failed to file a federal income tax return for 2004, the Internal Revenue Service announced today. However, to collect the money, a return for 2004 must be filed with an IRS office no later than Tuesday, April 15, 2008.

The Internal Revenue Service announced today that it will begin sending more than 130 million economic stimulus payments starting May 2. The initial round of weekly payments will be completed by early July.

President Bush has signed into law a $165 billion economic stimulus package providing rebate checks to taxpayers. You might receive a check for $300, $600, $1,200, or even more depending on your conditions.

An economic stimulus plan expected to be signed this week by President Bush will provide most Americans with rebates of $300, $600 or $1,200 in 2008, plus $300 for each child, depending on their filing status, income and net tax liability.

US President George W. Bush will present a package of emergency measures later today intended to prevent the US economy from sliding into recession. Reportedly there will be tax rebate of up to $600 dollars presented to push the U.S. Economic growth, create more jobs and increase consumer spending.

For all the complaining about taxes, it is rather amazing that taxpayers leave so much unclaimed money assets on the table each year. The IRS recently announced that 2.2 billion dollars in refunds are about to expire unclaimed.