you want some free money?

To stimulate the U.S. economy, the government will offer tax rebate checks of $600 per individual and $1,200 per couple, sources said.


cnn.com

1/24/2008 10:39:04 AM

old.

1/24/2008 10:40:04 AM

they won't do it

they'll tell people they are so they will spend the money before they get their check. then they'll take said money and spend it on blowing up iraq

1/24/2008 10:40:05 AM

Quote :

"Paulson ended a day of meetings with House leaders Wednesday night with signs of hope but no indication of a deal reached on the economic stimulus package."

1/24/2008 10:40:50 AM

I would rather them just subtract that from our taxes owed for this year.

1/24/2008 10:41:58 AM

I'm gonna donate mine to the terrorists.

1/24/2008 10:42:36 AM

^ In the form of hot lead?

1/24/2008 10:44:23 AM

http://ap.google.com/article/ALeqM5h19_YeGzwzlmJhx42iIA7nJF0_UAD8UCALDG0

$300-$1200

$300 per working persons
$300 for additional children
$1200 limit per family

1/24/2008 10:47:36 AM

So will this $600 be taxed?

If I earn $1 more this year I'll be bumped into the next tax bracket.

1/24/2008 10:47:55 AM

http://www.cnn.com/2008/POLITICS/01/24/economic.stimulus/index.html

1/24/2008 10:50:00 AM

Quote :

"Rebates would go to people earning below a certain income cap, likely individuals earning $75,000 or less and couples with incomes of $150,000 or less."

1/24/2008 10:52:50 AM

^^^only for that one extra dollar

taxes are paid in tiered rates based on income amount

so you dont suddenly owe the extra percentage on your entire income, just the extra dollar

[Edited on January 24, 2008 at 10:53 AM. Reason : .]

1/24/2008 10:53:09 AM

i'd like to say that i'd save the $300-$600

but i know i'd go and blow it on something just because i save most of the time anyway...

1/24/2008 10:56:53 AM

^^ I know, but I don't want to pay that extra 30 cents or whatever

/cheap

1/24/2008 10:59:31 AM

Whatever....like you fucking knew that.

It's pretty clear you were worried about the old fashioned "bump" into the next tax bracket.

1/24/2008 11:26:20 AM

So is this for real? Tentatively is never a good word when the government uses it.

Money is cool so I'd holler.

1/24/2008 11:30:59 AM

My questions is WHEN AM I GETTING THIS CHECK?

I've been wanting to upgrade my DirectTV service to the HD Package.

1/24/2008 11:37:47 AM

<-- will pay bills with this check

1/24/2008 11:38:36 AM

summer 08

1/24/2008 11:38:43 AM

right into my savings account

fuck you economy

1/24/2008 11:40:25 AM

so this check is going to go to all US citizens that have a job and earn less than $75,000 a year?

sweet! money to add to my savings account!

1/24/2008 11:48:02 AM

key reading comprehension is "would"

1/24/2008 11:48:35 AM

haha exactly, to my savings account or my move

1/24/2008 11:48:43 AM

so which is it? 600 or 1200?

you read one and it sounds like 600 for couple (300 each for working persons)

you read the other and it says 1200 for couples


wtf

1/24/2008 11:50:21 AM

well what about my family...will they give my parents $1200 and me $300...or do I count as the family and the $1200 is the only amount and I won't see a penny...

1/24/2008 11:51:50 AM

I doubt we will see the money anyways...

1/24/2008 11:52:22 AM

^^ are you a dependent?

and why's that? ^

[Edited on January 24, 2008 at 11:53 AM. Reason : ]

1/24/2008 11:53:01 AM

Yeah my parents still claim me so that I can have health insurance...that means I'm screwed doesnt it? Damn...my dad will probably just blow that money on something we don't need

1/24/2008 11:54:35 AM

It's in the beginning stages of being talked about and a whole bunch of powerful people are bitching about it already.

I won't believe it until there are written instructions on how to get it, even then it'll get lost in the mail, conveniently!!!

1/24/2008 11:55:15 AM

Uhm

Your health insurance and tax dependency are (should be) unrelated.

Have they provided more than half your support for 2007?

Quote :

"I won't believe it until there are written instructions on how to get it, even then it'll get lost in the mail, conveniently!!!"

[Edited on January 24, 2008 at 11:56 AM. Reason : lkj]

1/24/2008 11:55:47 AM

Yeah, I'm still living with them.

1/24/2008 11:57:29 AM

I remember this in '01, just opened the mailbox and had a check for $300

1/24/2008 11:57:30 AM

Quote :

"Yeah, I'm still living with them."

Yeah, you're not getting any money, then.

1/24/2008 11:58:13 AM

damn...

1/24/2008 11:59:36 AM

98% of this website doesn't economically deserve a rebate.

1/24/2008 12:01:02 PM

I don't think $300 is gonna boost spending.

I think everyone with a subprime mortgage will put it toward their house payment, everyone with a ton of credit card debt might toss it at that. People that don't have enough money are not gonna get $300 and be like "OMG LETZ ME SPENDZOR THIS MONEY TO BOOST THE ECONOMIEZ".....A thousand maybe would get splurged on something, $300 is just a drop in the bucket.

1/24/2008 12:02:02 PM

i think you underestimate america's love of shopping.

...and $300 is a lot of money for some people.

[Edited on January 24, 2008 at 12:03 PM. Reason : d]

1/24/2008 12:02:43 PM

^^ I don't think we live in the same country.

[Edited on January 24, 2008 at 12:02 PM. Reason : .]

1/24/2008 12:02:44 PM

^^^The average American doesn't think that way.

You're right in that that's what they SHOULD do with it. Most won't and may actually end up using it as a means for acquiring even more debt (part of car down payment, etc.). We're spenders by nature.

\/ bing

[Edited on January 24, 2008 at 12:05 PM. Reason : ]

1/24/2008 12:04:10 PM

they'll take their 1k and buy a 2k tv from best buy on credit and soon we'll be in even deeper debt

1/24/2008 12:04:11 PM

so... this money should be available to me if I'm I'm not a dependent and I earn very little money?

sweet... I'm putting this towards a trip to New Orleans
my own, personal economic revitalization project

1/24/2008 12:14:03 PM

I think you had to have made 7k or more in 2007.

1/24/2008 12:15:51 PM

how can we hack this?

1/24/2008 12:19:34 PM

awww shit

I'm not sure if I made 7k

wait... do student loans count as income?

1/24/2008 12:20:17 PM

generally speaking, no

1/24/2008 12:20:47 PM

fuck

and I suppose situations where I earned less than $600 from a single "employer" don't count as taxable income and wouldn't be considered in this situation?

I need to pad my income

1/24/2008 12:22:25 PM

Quote :

"I think you had to have made 7k or more in 2007."

The number I saw was 3K.

I made 6738 from working last year, IIRC.

Snewf, grants and scholarships in excess of tuition and fees count towards your income.

1/24/2008 12:28:23 PM

Sweet I'm in line for the full $1200 then! Holla!

Seriously we are just going to put this on student loans. We only owe for three things in this world, our house and both of our student loans, and I would be fucking ecstatic if I could get one of the loans finished off with this money.

1/24/2008 12:29:21 PM

oh snap!

so my loans that cover my housing and living expenses count?

great... I worked all summer too so I'm hoping I break the 7k mark... think I do
I surely break 3k

cha-ching!

1/24/2008 12:29:22 PM

Yeah, there are a lot of numbers being thrown around. Still nothing official. And what she said about excess monies is true as far as I know.

1/24/2008 12:29:23 PM