Economic Stimulus Package

[algy]

Re: Economic Stimulus Package

seriously wonder how much stupid shit people will buy with these checks.

Some of those ghetto kids will probably be blinging out their car with this check

Exactly... that’s what pisses me off, primarily because I'm being penalized by not receiving a check because I worked to be successful and make well over the threshold of the rebate cutoff. I pay taxes too, in fact the IRS found it suitable to establish higher tax brackets, plus I'm not eligible for many of the tax credits due to my lumber number, so the more you make, the more you pay in tax, but yet no rebate.

I am for the rebate, and I’m pretty certain many could use it and would trust out of necessity versus luxury needs, after all that’s why most people are in the state of financial duress, charging for luxuries that are simply beyond their means. I am against handouts to non-tax payers for the exception of seniors and disabled veterans.

In closing my rant, if I were to get a rebate, I’d buy a 30yr Treasury Bond for my son.

[algy]

Re: Economic Stimulus Package

Oh, one more thing....

If it's a "truly" free rebate, than it's too good to be true, so don't spend it all at once.

According to some sources prior to finalizing the package, it sounds as if the rebate is nothing more than an advance on the 2008 tax year. So, if you get one, you'll be taxed for getting it and you'll most likely receive less of a return, In short, your spending your own money and the government is simply giving you an advance.

"This "stimulus" package is a joke and is going to cause much more harm than good for ordinary Americans. What these politicians aren't highlighting is that these monies are just an advance on next year's tax refunds and that the amounts will be deducted from any refund you would get next year. For some, this could result in owing money next year. These are lies of omission and I can't believe both sides of the aisle let this go through!" -Forbes

[88Mariner]

Re: Economic Stimulus Package

I remember the day after this was announced the Philly papers had a "what are YOU going to buy" as the front page headline. The picture? A pair of manolo blahniks.

[Huggie Smiles]

Re: Economic Stimulus Package

according to cnn (for what its worth) - this is an advance on a credit for next year - so its fairly shite as it means you dont get as much next year.
Unlike Algy, I am well within the limit caps.

[deusdeus]

Re: Economic Stimulus Package

Well, apparently they plan to start mailing them out May 2nd.

[toasty]

Re: Economic Stimulus Package

I heard a lot of conflicting anecdotal information regarding who would get the rebate, and its status as an advance on a tax credit, so I did some digging. Found this article, very helpful:

http://consumerist.com/354606/600-rebates-are-a-tax-credit-advance

[chadmc]

Re: Economic Stimulus Package

I received my notification of receipt on last Saturday but it was vague.

[Kamal]

Re: Economic Stimulus Package

thats all I have to say about that

The federal government is sending each and every one of us a $600 rebate. If we spend that money at Wal-Mart, the money will go to China .

If we spend it on gasoline it will go to the Arabs, if we purchase a computer it will go to India, if we purchase fruit and vegetables it will go to Mexico, Honduras, and Guatemala, if we purchase a good car it will go to Japan, if we purchase useless crap it will go to Taiwan and none of it will help the American economy.

The only way to keep that money here at home is to buy hookers and beer, since these are the only products still produced in the US . Thank you for your help.

[FM]

Re: Economic Stimulus Package

^^^so true.

Mine's going into a worthwhile bit though.

[Garrick]

Re: Economic Stimulus Package

mine is going into savings... guess i'm not much help to the economy.

[Jenks]

Re: Economic Stimulus Package

i have my eye on a few bottles of burgundy, and a rare single malt or two.

[Garrick]

Re: Economic Stimulus Package

^ now that scotch idea sounds like a fantastic idea. i might have to dip into the savings for some as well.

[toasty]

Re: Economic Stimulus Package

I'm not getting dick.

[Jenks]

Re: Economic Stimulus Package

I'm not getting dick.

and you're disappointed?

[subterFUSE]

Re: Economic Stimulus Package

Everything sucks and there's nothing anyone can do about it.


I'm just going to keep enjoying myself as best I can while it lasts.