Tax Refund

[osuche]

Rumor has it that Americans are getting @$600 a piece back from the government. I bet that GW and our friend Bernake are hoping we choose to spend every penny.

What are you planning on doing with your $600? Spend or save?

As for those foreigners who aren't as lucky as us Americans (note tone of irony here) -- if you had an unexpected $600 windfall, what would you do with it?

[Lilith]

Pay for gas.

[maddy]

I'm an unlucky American, I will not be receiving any of the Economic Stimulus Plan rebate. Thus, I'll be spending my usual income instead in my normal manner.

But, if I were an American that was receiving a check, I'd probably use it to buy some of the things I could use for the house... or gas.. or insurance... or car payment... or electric bill... or the list goes on.

[PantyFanatic]

I'm just a dumb working person, not a economic/finance major, investment banker or Wall Street speculator. I think I'll take my $US 600 and buy Krugerrands, Euros or maybe some Aussie or Canadian dollars that GW, Bernake and the other money manipulators didn't make part of the $US 9.2 TRILLION (that's $9,200,000,000,000.00) debt. :rolleyes2

[PantyFanatic]

(That's $US26,285.00 for every American man, woman and child alive today.) :cool:









... And when you get up tomorrow and read this it will be a little bit more, ........and the day after, and the day after.................. and the day after :nod:

[GreenChef]

oh heck if that's all it breaks down to, why doesn't everyone take out a little loan and buy out the government?

I still have a little trouble understanding this whole story of national debts
Who do they owe this money to?
No one I know is making interest on it...

Ah yes the Banks and Multinational Corporations
good thing there is ..... um ... um... :banghead: :banghead::banghead:

[LixyChick]

We've thought about taking our share ($600.00 x 2) and paying our real estate taxes.

Real irony would be to donate it to the Democrats!

Hey GW? Ever hear of too little-too late?????

[dicksbro]

PAGAN 08 is coming. :)

[Oldfart]

Fine call, DB.

[jseal]

... I still have a little trouble understanding this whole story of national debts ...
We are spending our children’s' inheritance.

[Jude30]

My wife and I should be getting about $1500 because of the additional $300/child.

That money was going to go towards paying bills, but now it's going to be used to buy a new circuit breaker and run new Romex in our new house.

[wyndhy]

we'll use our rebate to pay school taxes. they're astronomical and we're not escrowed.

i read that the cost of the rebate (not including the actual rebate) is a whopping 42 million for the first round of letters that say the rebate WILL be coming, another 50 million or so to mail the actual rebates and an estimated 50million to deal with phone calls from dumb asses who want to know when or if they'll get their rebate. christ on a crutch, that's retarded.

this isn’t free money, it’s loan sharking

[gekkogecko]

It isn't even a real rebate or refund or what have you. What it is is essentially an advance on next year's anticipated refund.

So, next year, unless they decide to screw with the laws again, you'll just end up owing that money in the form of a reduced or non-existant refund.

I still have yet to hear a good explanation of what happens if you end up owing money on your taxes instead of getting a refund.

[wyndhy]

where did you hear that gg? i had wondered the same thing and thought it would be pretty bogus indeed so i did some digging and found this - "the 2008 stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return." (according to the irs website)

and as for owing on your 2007 return, i've read on the same IRS website that you should file and pay as normal. do not wait because penalties and interest will accrue. the rebate is not set to go out til after may and taxes are due by april 15

[Irish]

If anyone is dissatisfied with thier rebate,feel free to send it to: Thomas J Ahern
63 RT125
Barrington NH
03825 :irish:
Irish

[dicksbro]

Nice try, Irish! ;)

[Scarecrow]

:rofl: Ha-ha Irish, they should spend it on PAGAN-08 in Nashville, Tn from July 22-25. Come and she the wonder from down under.









I'm talking about Mrs. OF, as sweet a Lady as you will ever meet.

[rabbit]

Need to pay down some credit card debt.

[jay-t]

We will probably re-roof the house.

[Irish]

I got the idea from(if anyone remembers)when Soupy Sales(sp?)told the kids,
to go in thier parents wallets & take all of the green papers (with Presidents
pictures on them) & send them to him! Irish
P.S.American ingenuity at its finest! :irish:

[gekkogecko]

where did you hear that gg? i had wondered the same thing and thought it would be pretty bogus indeed so i did some digging and found this - "the 2008 stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return." (according to the irs website)

According to the "Technical explanations of the revenue provisions of 5140", http://www.house.gov/jct/x-16-08.pdf

"Net income tax liability as determined for these purposes is not reduced by the credit added by this provision or any credit which is refundable under present law"

So, if the tax liability isn't actually reduced by this 'stimulus package', then where is the money that is to be distributed to the taxpayers to come from?

[sodaklostsoul]

I should get $900.........it will help with both trips to SD and the trip to Nashville. (I hope)

[wyndhy]

i see what you're saying now, gg. i thought you meant that next year's tax refund would just be less whatever amout your rebate from 2008 was. of course the tax payers will end up paying for this $ in many forms, and likely many times over, down the road.

[IowaMan]

Well, according to the test Lil posted the link to in the sex section, I am worth over a thousand bucks an hour to sleep with so.............. I think I'll sign the check over to myself and then masturbate for about 20 minutes. :rofl:

[dicksbro]

^^^^ :roflmao:

[Lilith]

Lol

[Vullkan]

Problem(s) with the so-called stimulace is first the Texas twit endorses it and that ought to be the first clue its too little too late--name one success the Village Idiot has achieved (with regards to non-corperation). Second, $600+ considering inflation and just how little that buys about 6 full tanks of gas if one has a SUV. Third it comes late in the second quarter of the year and any inpact will not be felt (if any) till mid-third quarter. And fourth, as mentioned earlier too many people will have to spend it on neccessities.

So after much to do about nothing Congress and hopefully a new President will have to re-approach a new stimulace bill, send the billions needs that they ought to have done like expand unemployement benefits, food stamps, and public work projects.

Kinda sad that this country is stuck on stupid

[Scarecrow]

same Washington, same Congress, same ol' bullsh*t, nothing gets changed