Who Benefitted From the Economic Stimulus Plan?

2008 June 30
tags: , , , , ,
by Kelly

Who really benefitted from the economic stimulus plan?

Tax professionals for sure.

H&R Block, the nation’s largest tax preparer service, reported a banner quarter. The company prepared taxes for over 23.5 million clients - due largely to the rush for rebate checks.

This means that H&R Block posted a profit this quarter, which was good news for investors. Profits from the company were up more than $625 million for the same period last year.

So, at least someone is happy about the stimulus plan…

(Hat Tip: Talk Stock Trading)

from → tax professionals

6 Comments leave one →
2008 June 30
Miranda

Retailers also got a little boost this month. Don’t know if it will make them profitable, but consumer confidence went up a little, and that usually means more retail spending.

2008 July 1
Rick

Block did estimate that only 290,000 used their services in order to obtain the ESP. I work for them in tax season so I get a little more news about them. The corp changes are said to be more of the reason they returned to the black this year after sheding the mess ups of their former CEO.

2008 July 1
Gerald F. Witte

We receiced a $600.00 Stimlus bank deposit. We filed joint return.
Our SS # ends in1332 my wifes ends in 57. They should have paid $1200.00 for both of us.

2008 July 1
ricky warren

that stimulus check did little to offset the cost of food gas and other goods,with diesel at or above 4.80 and gas at $4 a gallon if u r poor u r screwed.its really a way for goverment to control where and how well the poor can live.Its all a republican conspiracy and a plan to keep the rich rich,the stimulus was just to make us think different

2008 July 6
Last week in review July 6th 2008 « “the tax guy”

[...] Who Benefitted From the Economic Stimulus Plan? According to the taxgirl Tax professionals for sure. [...]

Pingback
2008 July 8
Who Else Got a Boost From the Stimulus Package?

[...] already reported that tax professionals received a benefit from the stimulus package with more taxpayers than ever rushing to [...]

Pingback

Leave A Comment

Note: You can use basic XHTML in your comments. Your email address will never be published.

Subscribe to this comment feed via RSS