My $41 Million Dollar Letter (and Yours, too)

I got a letter from the IRS, last week. Believe me, I only like letters from the IRS, when there is a check inside. This letter did not contain a check.

“Dear Taxpayer…” the letter said.

I was sweating. I was in a panic. I felt faint. I thought I had paid my taxes. I had all of my receipts and cancelled checks. I had declared all of my income from Google (adsense), Amazon, Clickbank as well as countless other affiliate programs I belong to. All of my other products I sold through Paypal  had been declared. My 1099’s were an open book.

I was expecting to find an audit had already been scheduled.
I read on…

Wait a minute: the IRS was sending me money. Great I thought. Finally, I’m getting some cash. $600 if I was single or $1,200 if I was married. Alright, I’m getting $1,200.

Sounded like a wonderful idea, I thought, at the time.

Then, I discovered, my IRS letter went out to every single taxpayer in the U.S. to the tune of $41,000,000.  You read that correctly: $41,000,000.

A $41,000,000 letter telling me the check was in the mail.

Now, I don’t want to sound ungrateful, but $41,000,000 is not pocket change.

How many hungry people could that money have fed? How many homeless shelters or homes could have been built? How much could have gone to cancer research? Aids research? Or other worthwhile projects.

How many jobs could that money have created? The IRS could have paid people to call up taxpayers to explain they had a check coming. Heck, I would have called a couple of hundred people myself, if the price was right.

My friends at the Motley Fool have their own spin on this issue. You can read the story here.

Maybe its just me, but, the IRS, could have found a better way to spend the money. They could have easily,  just put the letter in the same envelope as the check, I will be getting.

At least then, I wouldn’t have been so nervous when the letter came. Or as angry when I found out their letter wasted $41,000,000 that could have been spent on something worthwhile.

Happy Spending,

Albert Grande

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