Word: refundability
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Dates: during 2000-2009
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Rough IRS numbers on Madoff's theft alone could total from $7 billion to $10 billion in refunds due to victims, according to accountant tallies. But don't feel too bad for the IRS. Over the past 20 or more years, it has been collecting taxes on income that never actually existed. Last year the IRS sent out 106 million refund checks totaling $254 billion, so Ponzi victims will hardly empty the refund cookie jar. (See pictures of Madoff's demise...
Goodman, Latreasa • refusal of McDonald's employee to refund money to even though the store was out of the item desired by (Chicken McNuggets) prompts a series of calls...
followed by a message offering to refund tickets...
Safety Net. JetBlue is working hard to burnish its rep. The airline says it will refund the full cost of tickets purchased between now and June 1 if you subsequently lose your job. Just let the airline know 14 days before you're due to travel that you'll be needing that money to pay the rent, rather than pina coladas...
...course, a better option than getting laid off, not receiving our 2008 tax refund or being unable to drive through an abandoned highway repair project - the brutal realities of a state in freefall with no balanced budget. But it's still a bit of a shock. "The average Californian hasn't figured out exactly what this particular budget means for him or her yet," says Mark Baldassare, president and chief executive officer of the nonpartisan Public Policy Institute of California. "But they're going to feel it soon...