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If Wal-Mart's right and lower-income shoppers are holding off on spending until their tax refund...

If Wal-Mart's right and lower-income shoppers are holding off on spending until their tax refund arrives, a whole host of retailers could be adjusting Q1 estimates. Look for discounters Dollar General (DG), Family Dollar Stores (FDO), Dollar Tree (DLTR), and Five Below (FIVE) to have something to say on the issue.
Comments (2)
  • Paul Price
    , contributor
    Comments (1504) | Send Message
     
    While tax refunds might be delayed, the extra 2% FICA withholding is never coming back to consumers. Neither is the extra money spent on gasoline after recent price run-ups.

     

    Taxation is a zero-sum game. When King Obama increased taxes on all working people (via the 2% FICA holiday expiration) he violated his pledge to only raise taxes on the top 1%. He couldn't control his urge to take another $125 -$130 billion out of paychecks to distribute to pork projects in Hurricane Sandy relief programs that exceeded all the damage estimates.

     

    The remainder of that extra FICA money was immediately spent on other new 'investments' rather than used to pay down the deficit.

     

    Inflation is some multiple of what the BLS admits to and the working class is getting reamed while Washington goes on and on telling the Big Lie that all is well.

     

    Communists know that if the media repeat something often enough the uninformed public will believe the BS.
    21 Feb 2013, 09:05 AM Reply Like
  • BalawajderB
    , contributor
    Comment (1) | Send Message
     
    I have watched the economy tank in the last 4 years, and it's certainly not Bush's fault. If Obama is allowed to continue, he will ruin this country. Why work when the government will give you everything you need - especially if you're illegal.
    23 Feb 2013, 07:53 AM Reply Like
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