What are you going to buy with your $800 thread

[Thunder Dan]

So it looks like most everyone is getting $800 from the government in the next couple months. What are you going to buy?


I'm gonna get new golf clubs, Ping G10's


http://money.cnn.com/2008/01/18/news/economy/rebate_how_it_works/index.htm?postversion=2008011812

[RashoFan]

Not a bad choice. I am going to save the cash in case I have surgery on my arm and may be out of work for a while. Gotta pay the bills!

[Avitus1]

A Vacation...

[CubanMustGo]

Prolly be about the time we move back to Austin (if we can convince anyone to buy the house in McKinney). It'll be put to good use, trust me, especially since the stock option we thought would pay for the move evaporated over the last two weeks.

[atxrocker]

i am not making any plans until the check is in my hands.

[easjer]

Credit card payment. If not that, then savings to be used towards remodeling the bathroom.

That is what all of our free money goes to, so it's not hard to plan.

[Leetonidas]

Nevermind.

[KEDA]

apartment stuff

[spursfan09]

What 800 dollars?

[Sapphire]

What 800 dollars?
They are talking about a tax rebate--like the one we got just before 9/11. Only this one is bigger. $800 for single, $1600 for married.

[spursfan09]

They are talking about a tax rebate--like the one we got just before 9/11. Only this one is bigger. $800 for single, $1600 for married.

o I see. Won't matter to me :oops My dad claims me since I live with him and I'm a college student

[Sapphire]

o I see. Won't matter to me :oops My dad claims me since I live with him and I'm a college student
It's not enough to change my life, either, so don't feel bad.

[florige]

They send you this so-called gift so you can go out and spend to get the ecomony back on track so to speak, when all the while EVERY bill imaginable to man keeps going up! My $800 will be going in the bank along with the rest of the bill money.... :rolleyes

[Das Texan]

it will be awesome when i see none of this.

[marini martini]

What 800 dollars?


No kidding! I have not seen a tax return since my last divorce :toast

[2Blonde]

We make too much money, so we get nada.... :depressed
Oh well ...

[Johnny_Blaze_47]

We make too much money, so we get nada.... :depressed
Oh well ...

You could always pull the (I think it was) Patrick Ewing quote: We make a lot of money, but we spend a lot, too.

[Fillmoe]

I'm gonna by JB's sister

[marini martini]

I'm gonna by JB's sister


JB has a sister??????????????????

[baseline bum]

5 minutes with the chicks from EHJ's thread.

[Johnny_Blaze_47]

What does my non-existent sister have to do with a preposition?

[Richard Cranium]

We make too much money, so we get nada.... :depressed
Oh well ...
Showoff!

[samikeyp]

Plane tickets to SA for some real fucking Mexican food.

[PEP]

Into the money market account.

[J.T.]

So I work at a dead-end, barely over minimum wage job, don't pay dick for taxes besides what's taken out of my check, and the government is just going to give me $800 dollars?

[Thunder Dan]

They send you this so-called gift so you can go out and spend to get the ecomony back on track so to speak, when all the while EVERY bill imaginable to man keeps going up! My $800 will be going in the bank along with the rest of the bill money.... :rolleyes

it's pretty much the worst thing they can do for the future of the economy because it won't change anything, but I'm not gonna sit on a $800 check in my mailbox..



So I work at a dead-end, barely over minimum wage job, don't pay dick for taxes besides what's taken out of my check, and the government is just going to give me $800 dollars?

yep all you have to do it file your taxes for 2007 and it seems you will get one. The only people who don't I believe are the top 1% and some families with 4 people. But yeah, if you claim as a single you will for sure get one.

[Shelly]

We make too much money, so we get nada.... :depressed
Oh well ...

ditto...:depressed

[Sapphire]

Does anyone know how much is too much?

[J.T.]

Does anyone know how much is too much?

If you don't know, you can't afford it.

So you're probably good.

[Sapphire]

If you don't know, you can't afford it.

So you're probably good.


I was asking about income, not outgo. But thanks. :wtf

You just repeating what mommy and daddy have been telling you?

[exstatic]

In the interest of the economy, I'm going to buy a Wii and an HDTivo.

I'm already contributing 10% (+3%match) to my 401(k), fully funding my $5000 Roth IRA for 2008, and paying down $9000 in CC debt, so this is found money, and I intend to spend. :)

[Fillmoe]

JB has a sister??????????????????

He does now.... :lol

[Viva Las Espuelas]

do you still get it if you owe the government money?

[Jimcs50]

I will get a high class prostitute.

[kingsfan]

I haven't got my W2 from 1 job yet but the other job, my co-workers aren't get $800
I want $800 dammit :madrun I could catch up my bills and maybe even get ahead a little. I'd even have a few extra dollars to go to a couple of games :elephant

[Thunder Dan]

I haven't got my W2 from 1 job yet but the other job, my co-workers aren't get $800
I want $800 dammit :madrun I could catch up my bills and maybe even get ahead a little. I'd even have a few extra dollars to go to a couple of games :elephant


do you still get it if you owe the government money?

it has nothing to do with what you owe or what they owe you with taxes. This is a seperate thing

it has nothing to do with your tax return, it's a seperate rebate. The only reason it is tied in with the IRS is because they are using your 2007 tax information to see if you quialify, which about 95% of us all do because we are probably not billionaires or very poor (those poor don't file taxes and wont get a check because of that). It's a check you will get in the mail for $800

[Cant_Be_Faded]

damn 2blonde is rolling in the cashflow.

If I get this stupposed rebate, I will roll true CBF style:

some cannabis cup fire
and some dvds for my car

[shelshor]

New tires; finally fix the shower floor

[SequSpur]

Have a big party for all you spurs homers.

[Kori Ellis]

ditto...:depressed

Damn, Shelly and 2Blonde are rolling in the cash. I thought everyone who made less than 300K was getting it.

[ShoogarBear]

I know what Duff should do with his.

[Kori Ellis]

gold digging can be quite lucrative, i hear

:lol

I don't know if it's really $300K. I just read that somewhere; I really don't know anything about it.

[Shelly]

:lol

I don't know if it's really $300K. I just read that somewhere; I really don't know anything about it.

Well, if it's less than $300k, then I will get it. I know we didn't the last time they did this.

[Melmart1]

I pay taxes, I haven't had a refund since I became a freelancer. Not sure this applies to me. I pay taxes because all of my clients pay me as in independent contractor, not because I earn too much to get a refund (boy do I wish). But, if it does come it will be a nice surprise since I am not going to count on it at all.

[Shelly]

Our personal ties in with our business, so who knows? I can't find what the income levesl are to qualify. I guess time will tell...

[ashbeeigh]

So it looks like most everyone is getting $800 from the government in the next couple months. What are you going to buy?


I'm gonna get new golf clubs, Ping G10's


http://money.cnn.com/2008/01/18/news/economy/rebate_how_it_works/index.htm?postversion=2008011812


I'll be moving out of my parents house when i get that $800.



Does anyone know how much is too much?

I saw something like $110,000 a year on the Fox News crawl this morning, it may still be on there.

[Shelly]

Tax rebates: All sides agree that tax rebate checks _ up to $500 for individuals and more for married couples and people with children _ would be in any final stimulus measure. The White House was pushing for even higher rebates. The rebates are likely to be limited to individuals with incomes less than $85,000 and couples earning $110,000 or less. Democrats want to extend the rebates to people who work but make too little to have to pay income taxes.

http://www.foxnews.com/wires/2008Jan17/0,4670,EconomyGlance,00.html

[Cant_Be_Faded]

Damn shelly has copious amounts of cashflow

[Kori Ellis]

Tax rebates: All sides agree that tax rebate checks _ up to $500 for individuals and more for married couples and people with children _ would be in any final stimulus measure. The White House was pushing for even higher rebates. The rebates are likely to be limited to individuals with incomes less than $85,000 and couples earning $110,000 or less. Democrats want to extend the rebates to people who work but make too little to have to pay income taxes.

http://www.foxnews.com/wires/2008Jan17/0,4670,EconomyGlance,00.html

We won't get it either then.

[Shelly]

Damn shelly has copious amounts of cashflow

:lol

I guess you didn't read my post about the $300k, but if the income levels I posted are correct, then no, we won't qualify.

[Johnny_Blaze_47]

I'm really fearing how badly I'm going to get fucked on taxes this year because of the few months I did a lot of work for Prime Time as a freelancer.

[Melmart1]

I'm really fearing how badly I'm going to get fucked on taxes this year because of the few months I did a lot of work for Prime Time as a freelancer.
Taxes are a bitch that way. That and having to buy your own insurance are perhaps the two biggest drawbacks. But the rest is awesome :)

[ShoogarBear]

I pay taxes, I haven't had a refund since I became a freelancer. Not sure this applies to me. I pay taxes because all of my clients pay me as in independent contractor, not because I earn too much to get a refund (boy do I wish). But, if it does come it will be a nice surprise since I am not going to count on it at all.I think Ten Buck Tammy has the same issues.

[katyon6th]

I put 0 allowances on my W-4 and expect my biggest tax return ever, which will go towards savings and vacation. If I get the $800, I plan on buying a lot of shoes and using it as spending cash when I'm on vacation.

Big dreams.

[Melmart1]

I think Ten Buck Tammy has the same issues.
:lol Damn you, Shoog.

But if I was doing THAT kind of freelancing, I am positive that I would not be getting the refund, since I would be earning more than the income threshold. Because I would be one of those "high-class" escorts from Chopper's thread :)

[ashbeeigh]

Taxes are a bitch that way. That and having to buy your own insurance are perhaps the two biggest drawbacks. But the rest is awesome :)

Insurance is such a bitch. I'm spending like $2,000 a year on health care a year ( added it up to see if it was worth picking up the company insurance this past week).

[shelshor]

Taxes are a bitch that way. That and having to buy your own insurance are perhaps the two biggest drawbacks. But the rest is awesome :)
The one that always gets me to frothing at the mouth and cussin' for a couple of months is the Self Employment Tax

[Extra Stout]

I put 0 allowances on my W-4 and expect my biggest tax return ever, which will go towards savings and vacation. If I get the $800, I plan on buying a lot of shoes and using it as spending cash when I'm on vacation.

Big dreams.
Uncle Sam thanks you for the interest-free loan you gave him.

[Extra Stout]

Insurance is such a bitch. I'm spending like $2,000 a year on health care a year ( added it up to see if it was worth picking up the company insurance this past week).
Is that your share of the company insurance, or is that the cost of the entire policy?

[Extra Stout]

I'm going to pay medical bills with my rebate.

[baseline bum]

I know what Duff should do with his.

:lmao

[exstatic]

They're not really clear if that is wage income (gross) or AGI from your return.

[ashbeeigh]

Is that your share of the company insurance, or is that the cost of the entire policy?


That's my independent health care costs with insurance, medical bills and medicine included.

[atxrocker]

i am not making any plans until the check is in my hands.

[Jekka]

If it does come I'll be giving it right to the IRS since they're taxing me on my AmeriCorps education award.

[TenBuckTammy]

I think Ten Buck Tammy has the same issues.

With me, you always get a good ruturn for your money.

[TenBuckTammy]

I will get a high class prostitute.

Thank you.

[Shelly]

If it does come I'll be giving it right to the IRS since they're taxing me on my AmeriCorps education award.

Jesus. How nice of them!

[ashbeeigh]

If it does come I'll be giving it right to the IRS since they're taxing me on my AmeriCorps education award.

damnit. You a smart cookie. I should probably do something like that too. Except you have the full year right? I have the quarter educational reward.

[Jekka]

Jesus. How nice of them!
Seriously, and it would have been nice of them to let me know about it instead of all of a sudden finding out that I now have $4725 of untaxed "income" to deal with on this return. I'm still not sure how they expected me to be able to save up for that while making $800/mo after taxes during my AmeriCorps term ...


I should probably do something like that too. Except you have the full year right? I have the quarter educational reward.
It's something to consider - I wish someone had told me beforehand that it was taxable - I would have tried to figure out a way to deal with it, because it is the full year.

[LaMarcus Bryant]

jekka just marry a doctor already

[Vinnie_Johnson]

Sucks for me I fall into that makes to much class :depressed

[2Blonde]

When I wrote my original post, I was basing my info off of the same source Shelly mentioned and was going by the $110,000 cap. But if it's $300,000 then I'm still in the running. In today's paper there is an article that I just skimmed, but it seemed to suggest that it might be done differently. From the bottom up.... They might not tax any income for the first $8,000 (single) or 16K (married) which would mean anyone not making enough to pay taxes would not get the rebate. I didn't get to read the artice closely but it did say the details had not been decided yet. So I suppose it's any one's guess at this point.

[PakiDan]

I am going to have my fully functional tail removed.

[PakiDan]

jekka just marry a doctor already ... or at least someone with realistic ambitions.

[ATRAIN]

If I get 800 its going to go towards my new Plasma tv. Oh yeah and a new fleshlight hahahahah!! Oh yeah and on my second trip to NYC. If I got it soon then maybe my ski trip next month.

[Thunder Dan]

I guess they vote on this tomorrow, the ammount is $500 or $800 depending on the source, and the income levels are different too. We should know more by the end of the week.

[ATRAIN]

I guess they vote on this tomorrow, the ammount is $500 or $800 depending on the source, and the income levels are different too. We should know more by the end of the week.


Do we know when the checks would arrive? Will it be mailed separate from our income tax return?

[ATRAIN]

ok after I posted that I found this

http://money.cnn.com/2008/01/18/news/economy/rebate_how_it_works/index.htm?postversion=2008011913

[Thunder Dan]

Do we know when the checks would arrive? Will it be mailed separate from our income tax return?

this has nothing at all to do with a tax return, it's not a tax return, it doesn't matter if you owe 20,000 to the IRS. They are talking May at the earliest I think

[ATRAIN]

this has nothing at all to do with a tax return, it's not a tax return, it doesn't matter if you owe 20,000 to the IRS. They are talking May at the earliest I think


Yeah some of my stupid friends were saying it was going to come on top of what our refund will be. I did that H&R block tax refund estimator. 2,000 back and then hopefully another 800 in summer. That will defiantly add another vacation this summer. I am thinking Chi-town and Vegas.

[Richard Cranium]

I'm going to invest it.

[ATRAIN]

I'm going to invest it.


in?

[Richard Cranium]

in?

The Housing Market.

[Thunder Dan]

looks like it's going to be $600 now

[ATRAIN]

looks like it's going to be $600 now


do you have a link?

[Thunder Dan]

do you have a link?

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

[ATRAIN]

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


sweet thanks

[ChumpDumper]

So there's a 25% tax on the tax rebate.

[ATRAIN]

So there's a 25% tax on the tax rebate.


LOL go figure hahaha

[Thunder Dan]

Well, Yahoo.com is reporting $300. So who knows. I was looking at new golf clubs, but as they keep reporting it goes down, so maybe I'm looking at a sleeve of golf balls if I'm lucky

http://news.yahoo.com/s/ap/20080124/ap_on_go_co/economy_stimulus

[ATRAIN]

Well, Yahoo.com is reporting $300. So who knows. I was looking at new golf clubs, but as they keep reporting it goes down, so maybe I'm looking at a sleeve of golf balls if I'm lucky

http://news.yahoo.com/s/ap/20080124/ap_on_go_co/economy_stimulus


well they say $300 to $1,200 so maybe it will vary depending on what you make a year. I'm just hoping for something.

[ATRAIN]

I was looking at new golf clubs


I could use some new ones as well. I still use my starter pair and my 6 Iron broke a long time ago and that is my fav Iron.

[sa_butta]

I like the $1200 plus $300 per child.

That would be nice.

[Thunder Dan]

I like the $1200 plus $300 per child.

That would be nice.

if your married with kids, but it's all relative. I don't have a wife or kids to spend the money on, I have a girlfriend that will be getting her own.

[tlongII]

I'm going to give it to Reverend Midge.

[sa_butta]

if your married with kids, but it's all relative. I don't have a wife or kids to spend the money on, I have a girlfriend that will be getting her own.My 3 yr old would have a hay day with $300 and my wife and I would be happy with an extra $1200.

[Bigzax]

so 1500 bux is on the table for me if the senate approves? nice!

that's a big screen waiting to happen!

i can't wait to watch kitchen nightmares next season in high def!

[Shelly]

I just saw on CNBC and looks like the cap is $80k for single and around $150k for Married

[Shelly]

Stimulus Plan: What's In and What's Out
Topics:Economy (Global) | Economy (U.S.) | Taxes | White House | Congress | Politics & Government
Companies:Fannie Mae | Freddie Mac
By AP | 24 Jan 2008 | 01:49 PM ET
Font size:

Congressional leaders have a tentative deal for a bipartisan economic stimulus package that could move swiftly through Congress.

WHAT'S IN

* Tax rebates: 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.
* Business tax write-offs: Spurring business investments with so-called bonus depreciation and more generous expensing rules.
* Housing rescue: Allowing Fannie Mae and Freddie Mac to buy loans larger than $417,000.

WHAT'S OUT

* Permanent tax cuts: Republicans conceded that their top priority would have to be left out.
* Unemployment insurance: Democrats wanted to extend benefits past 26 weeks.
* Food stamps: A boost for benefits.
* Medicaid: Democrats gave up on including Medicaid payments to states.
* Low-income heating subsidies: Democrats are surrendering the fight to include them.
* Infrastructure spending: Spending on transportation or repair projects already under way is off the table.
* Republicans' proposal to allow businesses suffering losses now to reclaim taxes previously paid, appeared likely to be dropped because of its high cost.

[Thunder Dan]

if they actually wanted Americans to save money right away they would cut the gas tax, and put this money towards lowering the gas prices overnight and keep them low for 6 monthes to a year (like $1.50 a gallon). We could start saving tomorrow, unlike June with this plan, and they would save millions on postage and the manpower to send out these checks.

But it's an election year, and although this is a better plan, they would never do it.

[Shelly]

Personally, I'd rather they keep the rebate money and lower payroll taxes and let us keep more of our hard earned money!

[Shelly]

Deal Completed for Tax Rebates in June

By ANDREW TAYLOR – 59 minutes ago

WASHINGTON (AP) — Congressional leaders completed a deal Thursday with the White House on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.

House Speaker Nancy Pelosi and Republican Leader John Boehner scheduled a news conference for 1:30 p.m. EST to announce the $150 billion package, hammered out in a week of intense negotiations with Treasury Secretary Henry Paulson.

"We are pleased that the negotiators have been able to reach an agreement on an economic growth package," White House press secretary Dana Perino said Thursday afternoon. She said Bush would make a statement about the deal later in the day.

Congressional aides, speaking on condition of anonymity because the deal had not yet been announced, said they hope the checks could go out as early as June.

Individuals who pay income taxes would get up to $600, working couples $1,200 and those couples 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 rebate part of the plan would cost about $100 billion, aides said. The package also includes close to $50 billion in business tax cuts.

The package would allow businesses to immediately write off 50 percent of purchases of plants and other capital equipment and permit small businesses to write off additional purchases of equipment. A Republican-written provision to allow businesses suffering losses now to reclaim taxes previously paid was dropped.

Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes.

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 rise higher for individuals and couples with children.

Sen. Max Baucus, D-Mont., scheduled a meeting of the Senate Finance Committee for next week to consider the stimulus package.

"The Senate will want to speak, as well," Baucus said, adding that he and Sen. Charles Grassley of Iowa, the panel's senior Republican, had "agreed to work together, move quickly, and mark up economic stimulus legislation next week."

Senate Majority Leader Harry Reid said the goal is to send the package to the White House by Feb. 15 for President Bush's signature

Bush has supported larger rebates of $800-$1,600, but his plan would have left out 30 million working households who earn paychecks but don't make enough to pay income tax, according to calculations by the Urban Institute-Brookings Institution Tax Policy Center. An additional 19 million households would receive only partial rebates under Bush's initial proposal.

To address the mortgage crisis, the package also raises the limits on Federal Housing Administration loans and home mortgages that Fannie Mae and Freddie Mac can purchase to as high as $725,000 in high-cost areas. Those are considerable boosts over the current FHA limit of $362,000 and the $417,000 cap for Fannie Mae and Freddie Mac's loan purchases.

After a key Wednesday night meeting in which the parameters of an agreement were reached, Pelosi and Boehner spoke again Thursday to cement the accord.

In the talks, Pelosi pressed to make sure tax relief would find its way into the hands of lower-income earners while Boehner pushed to include upper middle-class couples, according to congressional aides.

The emerging package was already drawing fire from liberal activists and labor unions upset that proposals to extend unemployment insurance and boost food stamps had been dropped. Many Democratic lawmakers had assumed those proposals would make it into the package, and critics of the deal said those ideas could pump money into the economy more quickly than tax rebate checks that won't be delivered until June.

Democrats wanted to extend unemployment benefits for people whose 26 weeks of benefits have run out, but Republicans resisted.

Conservative Republicans, meanwhile, were likely to be restless over tax rebates going to those without income tax liability.

Democratic aides said greater GOP flexibility over giving relief to poor families with children — who would not have been eligible under Bush's original tax rebate proposal — was the catalyst that moved the talks forward.

[CosmicCowboy]

What rebate? I just get to help pay for YOU deadbeats rebate LOL

[Thunder Dan]

god this country is going to be in major trouble in a couple years when somebody with some sense takes a look at our National debt. Our National debt will cripple our future.

but, $600 gets me golf clubs so I might as well enjoy them while I can

[Bigzax]

What rebate? I just get to help pay for YOU deadbeats rebate LOL



your just a fat cat making your cash off the backs of us hardworking deadbeats!

go home and clean the house!

[sa_butta]

When do I get my check??

[CubanMustGo]

Congressional aides, speaking on condition of anonymity because the deal had not yet been announced, said they hope the checks could go out as early as June.

[SouthSideDynasty]

$300 for each kid? Good times ...

[exstatic]

OK, I'm officially pissed. The amount goes down, the income ceiling goes down so that people can be rewarded for breeding? Sorry, most parents should be put in JAIL for what they raise, not rewarded to the tune of $300 per pup.

Fuck.

[SpursWoman]

The rebate went down so all of the people that don't make enough money to even pay taxes get $300 each.


But yeehaw ... that's $300 X 2 for me. The breeder. :spin

[01Snake]

I just saw on CNBC and looks like the cap is $80k for single and around $150k for Married

No soup for me.

[shinerdrinker]

I will visit a local establishment where you can drink watered-down alcohol and watch medically-enhanced hooters sway this way and that way to bad music.



Thanks W! :drunk

[J.T.]

The rebate went down so all of the people that don't make enough money to even pay taxes get $300 each.


But yeehaw ... that's $300 X 2 for me. The breeder. :spin

The right thing to do would be to give that $300 to your kids. But you'll probably end up spending it on them anyway so. . .

[SpursWoman]

The right thing to do would be to give that $300 to your kids. But you'll probably end up spending it on them anyway so. . .

Like the majority of my money doesn't end up spent on them, anyway? :wtf

[Shelly]

Like the majority of my money doesn't end up spent on them, anyway? :wtf

:lol

no shit!

[J.T.]

Like the majority of my money doesn't end up spent on them, anyway? :wtf

Hahaha. I was just joking.

Actually the other day I was talking to my mom on the phone asking for some money and she said some remark about me always nickel and diming her. I don't remember exactly what I said but it was something like "You should've anticipated this day would come before you decided to have a kid."

And then she said back "I know, that's why I only had one."

[Bigzax]

OK, I'm officially pissed. The amount goes down, the income ceiling goes down so that people can be rewarded for breeding? Sorry, most parents should be put in JAIL for what they raise, not rewarded to the tune of $300 per pup.

Fuck.


you should wait for the senate to approve this before you become officially pissed. just get preliminarily pissed right now. and no need to be sorry. alot of crappy parents out there. i have to believe that most are good though. and their kids are not pups! reserve 'puppy' terminilogy for young doggies and nice tits! besides, you already have a nice bigscreen...what do you need the loot for? :smokin

[JoeChalupa]

I'll use it to pay bills and gas money.

[exstatic]

No soup for me.
According to the E-N, it's adjusted gross income. That's your income that you actually pay taxes on, after you directly subtract all pre-tax deductions like medical and 401(k) and your itemized deductions. Looks like I'm in. :toast

I'm still pissed that rug rats are getting $200 of my $800, though. :madrun

[Pistons < Spurs]

I'm still pissed that rug rats are getting $200 of my $800, though. :madrun
Ditto.

[ATRAIN]

Does anyone have an update on this whole thing. I heard from a friend that its already been passed and approved but I couldn't find anything.

[AlamoSpursFan]

From what I heard on FNS yesterday from SecTreas, The House and President agree on the package, but the Senate wants to muck things up with all kinds of free shit for po' folks.

I'm gonna drop my $1500 on a new TV for the bedroom.

Hurry the hell up, Washington!

[ATRAIN]

From what I heard on FNS yesterday from SecTreas, The House and President agree on the package, but the Senate wants to muck things up with all kinds of free shit for po' folks.

I'm gonna drop my $1500 on a new TV for the bedroom.

Hurry the hell up, Washington!


Free shit hahah like what cheese? I thought that was already done.

[Thunder Dan]

it still has to be voted on by congress, but seeing as this was agreed upon by the leaders of both parties in congress, they think it will pass with flying colors. I think there was only one Representative that was opposed to it.

[ATRAIN]

it still has to be voted on by congress, but seeing as this was agreed upon by the leaders of both parties in congress, they think it will pass with flying colors. I think there was only one Representative that was opposed to it.


Yeah I thought so too, but my idiot friend said it was passed by congress already. He said the amount was back up to 800, is that part true or is it 600 still?

[Jimcs50]

If you do not pay taxes, wtf should you get a rebate??

It would be fairer if they just gave a flat percentage rebate, that way the oners that get fucked every year likemyself, get more back....that is just one man's opinion.

[ATRAIN]

If you do not pay taxes, wtf should you get a rebate??

It would be fairer if they just gave a flat percentage rebate, that way the oners that get fucked every year likemyself, get more back....that is just one man's opinion.


Do you mean the kids getting money back?

[AlamoSpursFan]

As of yesterday:

http://biz.yahoo.com/ap/080127/economy_stimulus.html?.v=4

[Jimcs50]

Do you mean the kids getting money back?



Individuals who pay income taxes would get up to $600, working couples $1,200 and those couples 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.

No, I mean that even those that did not pay any taxes are getting $300 back...that is ludicrous.

If you do not pay taxes, why should you get money from the govt???

[ATRAIN]

No, I mean that even those that did not pay any taxes are getting $300 back...that is ludicrous.

If you do not pay taxes, why should you get money from the govt???


Oh yeah I agree with you there.

[Thunder Dan]

No, I mean that even those that did not pay any taxes are getting $300 back...that is ludicrous.

If you do not pay taxes, why should you get money from the govt???

I think it's more rediculous that the Senate is trying to make it so seniors on Social Security get them as well. Not only are most of them sucking this country dry of Social Security money they feel they are entitled to, but now they will get $600 so they can just sit on it until they die. I know it's harsh of me to say, but studies have shown that most seniors saves 35-45% of their social security (why!?), they take this money because they can. There is no stipulation as to who can get social security. If a guy made $1,000,000 a year for 35 years, he still claims his SS, and now because he doen't claim any income other than intrest income, he can get $600. That is bullshit, that is why our country will have a forever largening (if thats a word) national debt- because we as Americans feel a sense on entitlement and we want to pass on resposibility to others. It's in all of us; I'm 24 and am pissed that I pay social security, yet I will never see any money back from it and my country and employer expects me to open an IRA or manage a 401k, when we have people very well off taking money from SS for no other reason than "well I paid into it so I deserve it" Well if that is the case, than my generation is going to have a giant gripe when we hit our 60s. The baby boomers like to call my generation irresponsible, but these are the people that signed AR mortgages, and people that didn't save for retirement, not us. We need to start taking more responsibility and learn from prior generations' mistakes. Ok I'm done.

end rant


but I will seriously wanna kill someone if seniors get this rebate check because it will just further the truth that it is nothing more than a political move to make people feel that our goverment is working for us during an election year (b/c seniors hold a ton of voting power).

but atleast I'll get golf clubs, and I can enjoy them for a couple year until China comes and takes over our country overnight

[SpursWoman]

oh, man ... n/m :lol

[Thunder Dan]

OMFG ... those people paid into Social Security their entire lives.

so does everyone, and come 2017, there will be nothing left of it. I pay into it because I don't have a choice, but I won't see a dime of it, the government wants me to set up my own retirement as well as fund others who didn't bother to do it themselves when they where my age. I just fell sorry for the people that are 40 something and will have paid into it since they were 16, and won't get a dime. You think we have problems now....ha... wait untill social security runs out and we find that nobody bothered to set aside money for retirement...talk about a recession

[Thunder Dan]

So I thought I'd bump this to break the news, I did my taxes this weekend, and the $600 they sent you last spring is just your tax return early. My return was $600 less just because I answered 'yes' to having accepted a stimulus check

So for those depending on a giant tax return, better go to plan B

[Trainwreck2100]

So I thought I'd bump this to break the news, I did my taxes this weekend, and the $600 they sent you last spring is just your tax return early. My return was $600 less just because I answered 'yes' to having accepted a stimulus check

So for those depending on a giant tax return, better go to plan B

well i didn't get the $600 so yay me.

[Thunder Dan]

well i didn't get the $600 so yay me.

I guess it doesn't really matter. I mean you and I each got $600 that was actually ours, except I didn't let the government hold it for 10 months

[Trainwreck2100]

I guess it doesn't really matter. I mean you and I each got $600 that was actually ours, except I didn't let the government hold it for 10 months

well there were those dbags that got it, and didn't even work last year

[Thunder Dan]

well there were those dbags that got it, and didn't even work last year

Yeah, I mean my return was big enough so I still got some money back despite that, but the people go got $600 and don't have a return amount to cover it are going to be upset when they get a bill for whatever the difference is

[angel_luv]

boo thread was from last year!

[Das Texan]

so i'm gonna have to pay 600 bucks more to uncle sam in april.

how gay.

[Trainwreck2100]

so i'm gonna have to pay 600 bucks more to uncle sam in april.

how gay.

not necessarily, if you do your taxes in February then that's when you have to pay them.

[Thunder Dan]

so i'm gonna have to pay 600 bucks more to uncle sam in april.

how gay.

they just gave you money early they normally would have just sat on and given back to you this year. But they lied and didn't tell you where the money was coming from. They made it sound as if they were just handed everyone $600 and go spend it on stuff you didn't need. If they would have told you what it really was (an advance) people would have saved it and not spent it. If they were straight with you it wouldn't have served it's purpose.

This is kind of a good thing though. Putting that kind of money into circulation would be terrible for our future, which it looks like I said in this thread's original days

This is classic election year bullshit. They tried to make themselves look good for the election run, and pass the bad news onto the politicians who are just starting their terms in 2009.

[ashbeeigh]

It's the Rebate Recovery something or another. It's at the very end.

:elephant woohoo for not getting a stimulus rebate check last year!

[fatsack]

:elephant woohoo for not getting it last year!

uhm.

too easy.

[ashbeeigh]

uhm.

too easy.

haha. jerk.

[Thunder Dan]

I just got off the phone with a Tax guy and apparently Turbo Tax collects the extra $600 stimulus owed to you if you haven't gotten it. So in my situation, I just got a crappy return this year. You are not taxed by the federal government for the stimulus, but the state does tax you like 20%. So I was wrong

[phyzik]

I just got off the phone with a Tax guy and apparently Turbo Tax collects the extra $600 stimulus owed to you if you haven't gotten it. So in my situation, I just got a crappy return this year. You are not taxed by the federal government for the stimulus, but the state does tax you like 20%. So I was wrong

I thought so but thanks for scaring me nonetheless :lol

[2Blonde]

So I thought I'd bump this to break the news, I did my taxes this weekend, and the $600 they sent you last spring is just your tax return early. My return was $600 less just because I answered 'yes' to having accepted a stimulus check

So for those depending on a giant tax return, better go to plan B
It's un-American to do your taxes before April 15th!!!:toast

[Das Texan]

they just gave you money early they normally would have just sat on and given back to you this year. But they lied and didn't tell you where the money was coming from. They made it sound as if they were just handed everyone $600 and go spend it on stuff you didn't need. If they would have told you what it really was (an advance) people would have saved it and not spent it. If they were straight with you it wouldn't have served it's purpose.

This is kind of a good thing though. Putting that kind of money into circulation would be terrible for our future, which it looks like I said in this thread's original days

This is classic election year bullshit. They tried to make themselves look good for the election run, and pass the bad news onto the politicians who are just starting their terms in 2009.

i pay all my taxes on april 15.

i am self employed and dont give the government an interest free loan every year throughout the year.

so 600 bucks more i get to pay. thrilling.