Tax rebate breakdown
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don't pay taxes would get $300 rebates.
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps are higher for those with children.
Link
http://news.yahoo.com/s/ap/20080124/ap_on_go_co/economy_stimulus;_ylt=A9G_RoMm6phHbN0AViCs0NUE
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps are higher for those with children.
Link
http://news.yahoo.com/s/ap/20080124/ap_on_go_co/economy_stimulus;_ylt=A9G_RoMm6phHbN0AViCs0NUE
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Then unless it is capped at $1200 or so dollars, wife and I will get $1800. Cool. I paid it in, I would like it back. I can spend it much better and more efficiently than the government can. Actually, if the govt is counting on this family to use the cash to "stimulate" the economy, they are dead wrong. It will go into the kids college fund. 0 -
We don't need it, and the big surprise is most everyone will blow it and not pay their back bills. Uncle Sam needs to go back to school. 0 -
when does this take effect?? our 07 return?? 0 -
quote:Originally posted by select-fire
We don't need it, and the big surprise is most everyone will blow it and not pay their back bills. Uncle Sam needs to go back to school.
Well that is the point! They are hoping people blow it!
So is the $150k gross or AGI income?0 -
quote:Originally posted by hisbigbootygirl
when does this take effect?? our 07 return??
Not on your return.
The checks(seperate from your return)will be in the mail in June this year. Says that in the article.0 -
quote:Originally posted by slipgate
quote:Originally posted by select-fire
We don't need it, and the big surprise is most everyone will blow it and not pay their back bills. Uncle Sam needs to go back to school.
Well that is the point! They are hoping people blow it!
So is the $150k gross or AGI income?
That is the big question..[8][8] Wife is just under the limit of 75k Teaching0 -
quote:Originally posted by Hunter Mag
quote:Originally posted by hisbigbootygirl
when does this take effect?? our 07 return??
Not on your return.
The checks(seperate from your return)will be in the mail in June this year. Says that in the article.
oh. i missed that part. i just kinda skimmed over it this morning in my email.
thanx.
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I missed that also.. June...!!!! This is January... Hell I will use it for a Fishing Trip down to Florida. I love it.. a Government Santa Claus in June.. 0 -
so how do u apply for this rebate, surely there not just sending them out or are they 0 -
Will this be tax free?
Or taxable?0 -
quote:Originally posted by pickenup
Will this be tax free?
Or taxable?
Bwahahaha!!!!!!![:D]0 -
i want my money![:(!] 0 -
(LOL ...THIS is the same group who screamed bloody murder when our
dusty complexioned bros demanded THEIR free Gov't money after a little
ole hurricane issue![:D])0 -
I believe that i will start an IRA for JrODAWGP
anyone know what 1k today add's up to be in 30yrs?0 -
lets see, the government steals your money and then acts like they are generous when they give a small fraction of it back ? when did americans become so dumb ? 0 -
quote:Originally posted by Odawgp
I believe that i will start an IRA for JrODAWGP
anyone know what 1k today add's up to be in 30yrs?
I didn't have anything to say, but that kid is so damn cute I thought he needed a little more screen time.
What can I say, I'm just a big ol' gooshy idiot when it comes to babies.0 -
quote:Originally posted by Civil Rights
lets see, the government steals your money and then acts like they are generous when they give a small fraction of it back ? when did americans become so dumb ?
I don't even get the small fraction that you state back, but I damn sure get to pay taxes out the wazoo.
I am not "rich" BTW. The limits are set to redistribute wealth.
Guess that is OK with you though![:0]0 -
quote:Originally posted by zipperzap
(LOL ...THIS is the same group who screamed bloody murder when our
dusty complexioned bros demanded THEIR free Gov't money after a little
ole hurricane issue![:D])
i've paid more taxes in my life than most of them "dusty bros"
I WANT MY MONEY![:(!]0 -
quote:Originally posted by select-fire
We don't need it, and the big surprise is most everyone will blow it and not pay their back bills. Uncle Sam needs to go back to school.
Speak for yourself.0 -
"From each according to their ability; to each according to their need."
Get used to the idea,......I am amazed how many here already are.0 -
Geeez don't we turn into a bunch of vicious greedy animals pretty quick.[}:)] 0 -
yea and it kinda makes me sick sometimes. 0 -
quote:Originally posted by select-fire
We don't need it, and the big surprise is most everyone will blow it and not pay their back bills. Uncle Sam needs to go back to school.
+10 -
And I thought Dumbocrats didn't believe in the evil "trickle down economy".They demonized Reagan for the same idea. They hate the tax cuts. So what's the difference in this? Difference is :"Us caring for the little guy Democraps are GIVING you MONEY. How wonderful we are. VOTE for us, we will give you some more, take from the rich, give to the poor, that's what Dumassocrats are standing for." Good god. 0 -
quote:Originally posted by select-fire
We don't need it, and the big surprise is most everyone will blow it and not pay their back bills. Uncle Sam needs to go back to school.
+1
Real easy to take the money and run and not look at the big picture here.. this is a mistake!!!0 -
quote:Originally posted by Civil Rights
lets see, the government steals your money and then acts like they are generous when they give a small fraction of it back ? when did americans become so dumb ?
The worst part is they are stealing my money, not giving even a small portion back to me and giving a "Tax rebate" to those that do not pay any taxes. Nothing but redistribution of wealth. Welcome to socialism.0 -
quote:Originally posted by Hunter Mag
Geeez don't we turn into a bunch of vicious greedy animals pretty quick.[}:)]
You don't get the point still,.....do you?
Why do you get a bogus tax refund, and I don't, while I pay far more taxes than you?
Why are YOU more deserving than I, of getting a small portion of what WE pay, back?
I for one am sick of seeing us slipping further into socialism.
It has nothing to do with greed, regardless of what you think.[xx(]0 -
quote:Originally posted by Maalox
quote:Originally posted by Civil Rights
lets see, the government steals your money and then acts like they are generous when they give a small fraction of it back ? when did americans become so dumb ?
The worst part is they are stealing my money, not giving even a small portion back to me and giving a "Tax rebate" to those that do not pay any taxes. Nothing but redistribution of wealth. Welcome to socialism.
Sorry Marc1301, I see you posted the same reply :-) I posted before I read the complete thread. Just fired up that my wife and I both work hard and we get to finance this fiscally irresponsible program. Are there any conservatives left in our government?0 -
All animals are equal. Some are just more equal than others. 0 -
quote:Originally posted by Maalox
All animals are equal. Some are just more equal than others.
There never was a more true statement.
Maalox,....I don't ultimately care whom gets what, I am attempting to show that this is another step towards socialism for the USA.
I said this is not needed, and will accomplish nothing,......BUT if it IS to be done, even Bill Gates should be included.
I am not a good "marxist."
Seems that a lot don't get it.0
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