Remove 2001 Remove 2011 Remove Finance Remove Letter
article thumbnail

The IRS Just Sent Me $160,000. Can I Keep It?

Harvard Business Review

I recently received a letter from the IRS alerting me that it had made changes to my 2011 tax calculation. Sure, I could probably contribute to economic growth more directly, by buying a better car (if they actually now make a better car than my 2001 Ford Windstar) and a bigger TV. Internal Revenue Service that made the mistake?

article thumbnail

Why We Build Fiscal Cliffs

Harvard Business Review

After that the Bush administration and a Republican-majority Congress decided in 2001 to effectively set paygo aside. In 2010, Congress voted to extend the 2001 cuts for two years. And there's the Budget Control Act of 2011. Plus, it turned out there was a recession in the works. So now, in 2013, they're all due to expire.