^
|
|_ At least that "!" symbol is there to alert us that something ridiculous is to follow.
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
I should really start investing in aluminum... At some point, the need for all of these tin-foil hats will create a shortage of aluminum in this country.
Did you find any good aluminium investments yet??? Because if this and the Ron Paul shit keeps up, we'll be rich
This is your notice that there is a problem with your signature. Please remove it.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
I respect Ron Paul as a representative, and as a person, but I don't respect this crazy, conspiracy loving "revolution" following that he has.
And I tend not to respect presidential candidates who keep on asking for people's money and their volunteer time to help him campaign, when it is WELL past the point of having ANY chance whatsoever to win the nomination.
at least come with an intelligent debate, not just snide remarks
oh, that's right, that's all you know how to do
Thanks for thinking of me
I do try to contribute to intelligent debate when there is one in the first place.
My whole life
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
Alright kiddies. Three scenerios people, two with this new rebate, and one without. You will see in Scenerio 1 the tax is $5,000 if no rebate law was in effect. Scenerio 2 and 3 are with the new rebate law, and separate whether the rebate check was cashed or non cashed. You will see that in each scenerio the net cash flow was $3,800, which proves that the rebates result in $1,200 of cash savings.
Alright kiddies. Three scenerios people, one with this new rebate, and one without. You will see in Scenerio 1 the tax is $5,000 if no rebate law was in effect. Scenerio 2 and 3 are with the new rebate law, and separate whether the rebate check was cashed or non cashed. You will see that in each scenerio the net cash flow was $3,800, which proves that the rebates result in $1,200 of cash savings.
Scenario 2 needs the part where the cashed rebate effectively reduces taxes paid in 2007 in terms of cash flow.
The rebates do not lower what you pay on your 2007 tax return in 2008. These are checks mailed out separately. Your 2007 tax is only used to compute what your advance rebate check should be.
Proof below that the rebate is not required to be repaid, regardless of whether the credit on the 2008 return is less than what you were eligible for.
By making the rebate a refundable credit on the 2008 return, Congress is actually HELPING taxpayers. Since the rebate checks are computed based off of your 2007 return filings, some individuals (like college students who are claimed as dependents on their parents' returns) would not be eligible for the credit because their income is too low or they are dependents. Well, the credit computed on the 2008 return is computed based off 2008 income, so, a person who was a dependent in 2007 but now has a job in 2008 and claims himself/herself, would be able to take advantage of the credit on the 2008 return.
So, this is a good thing people. Not a fraud. And if the 2008 credit is less than what the rebate was, there is no requirement to pay it back. So, once you cash your rebate, you will not have to pay it back (it is in the Committee Reports).
"Taxpayers will reconcile the amount of the credit with the payment they receive in the following manner. They would complete a worksheet calculating the amount of the credit based on their 2008 tax return. They would then subtract from the credit the amount of the payment they received. For many taxpayers, these two amounts would be the same. If, however, the result is a positive number (because, for example, the taxpayer paid no tax in 2007 but is paying tax in 2008), the taxpayer may claim that amount as a credit against 2008 tax liability. If, however, the result is negative (because, for example, the taxpayer paid tax in 2007 but owes no tax for 2008), the taxpayer is not required to repay that amount to the Treasury. Otherwise, the checks have no effect on tax returns filed in 2009; the amount is not includible in gross income and it does not otherwise reduce the amount of withholding."
-Joint Committee on Taxation Report — JCX-8-08 http://www.house.gov/jct/x-8-08.pdf (page 6)
By making the rebate a refundable credit on the 2008 return, Congress is actually HELPING taxpayers. Since the rebate checks are computed based off of your 2007 return filings, some individuals (like college students who are claimed as dependents on their parents' returns) would not be eligible for the credit because their income is too low or they are dependents. Well, the credit computed on the 2008 return is computed based off 2008 income, so, a person who was a dependent in 2007 but now has a job in 2008 and claims himself/herself, would be able to take advantage of the credit on the 2008 return.
So, this is a good thing people. Not a fraud. And if the 2008 credit is less than what the rebate was, there is no requirement to pay it back. So, once you cash your rebate, you will not have to pay it back (it is in the Committee Reports).
It is now in my post. I look forward to reading your response. Your source is a Russian, my source is the congressional committee reports. You cannot just look at the Code for tax law. There are Regulations to the Code (written by the IRS), legislative intents, court rulings, etc....
It is now in my post. I look forward to reading your response. Your source is a Russian, my source is the congressional committee reports. You cannot just look at the Code for tax law. There are Regulations to the Code (written by the IRS), legislative intents, court rulings, etc....
Comments
It's actually spelled I'm Still Here, but close.
"Sometimes I think I'd be better off dead. No, wait, not me, you." -Deep Toughts, Jack Handy
well, maybe you are
buuuuurn
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
that was already taken i think
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
I DEFINITELY know I am.
I sure hope you took your meds today, with all the shootings happening lately
you don't own a gun, do you?
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
|
|_ At least that "!" symbol is there to alert us that something ridiculous is to follow.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
but i have decided to just deposit it in my checking account instead.....
Till there aint nothing left worth taking away from me.....
Did you find any good aluminium investments yet??? Because if this and the Ron Paul shit keeps up, we'll be rich
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
the Ron Paul shit, huh?
no respect........
none
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
hi, i was missing your dumbass.....
is the gang all here, I'm ready for you today
at least come with an intelligent debate, not just snide remarks
oh, that's right, that's all you know how to do
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
pot... kettle... black?
"Sometimes I think I'd be better off dead. No, wait, not me, you." -Deep Toughts, Jack Handy
I respect Ron Paul as a representative, and as a person, but I don't respect this crazy, conspiracy loving "revolution" following that he has.
And I tend not to respect presidential candidates who keep on asking for people's money and their volunteer time to help him campaign, when it is WELL past the point of having ANY chance whatsoever to win the nomination.
Thanks for thinking of me
I do try to contribute to intelligent debate when there is one in the first place.
was like a picture
of a sunny day
“We can complain because rose bushes have thorns, or rejoice because thorn bushes have roses.”
― Abraham Lincoln
why don't you comment on the original post?
or not comment at all?
that might be a good start
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
The child tax credit is still available. So, how was it that you lost it?
http://forums.pearljam.com/showthread.php?t=272825
you tell me
honestly, I don't know
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
You don't know what you're talking about is more like it.
edit: I just compared the 2006 & 2007 child tax credit worksheets included with the 1040 instructions and they are exactly the same.
The question mark at the end of the title was the only bit of dignity this thread had. Why strip that away with these futile arguments?
http://forums.pearljam.com/showthread.php?t=272825
I love you man, I really do.
child tax credit is $1000 per kid and it wasn't taken away this year, I got $3000 tax credit for my kids..
well i dont really feel the need to explain to you why i didn't get it
but that's besides the point, the point is i didn't get it
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
Scenerio 1 (without rebate)
2008 Tax 5,000
Rebate Credit 0
Tax Due 5,000
Net Cash Flow = $5,000
Scenerio 2 (With Rebate Cashed in May 2008)
2008 Tax 5,000
Rebate Credit (1,200)
Rebate Cashed 1,200
Tax Due 5,000
Net Tax Cash Flow = 5,000 cash paid - 1,200 Rebate Cashed = $3,800
Scenerio 3 (With Rebate, Rebate Not Cashed in 2008)
2008 Tax 5,000
Rebate Credit (1,200)
Tax Due 3,800
Net Cash Flow = $3,800
Scenario 2 needs the part where the cashed rebate effectively reduces taxes paid in 2007 in terms of cash flow.
http://forums.pearljam.com/showthread.php?t=272825
The rebates do not lower what you pay on your 2007 tax return in 2008. These are checks mailed out separately. Your 2007 tax is only used to compute what your advance rebate check should be.
By making the rebate a refundable credit on the 2008 return, Congress is actually HELPING taxpayers. Since the rebate checks are computed based off of your 2007 return filings, some individuals (like college students who are claimed as dependents on their parents' returns) would not be eligible for the credit because their income is too low or they are dependents. Well, the credit computed on the 2008 return is computed based off 2008 income, so, a person who was a dependent in 2007 but now has a job in 2008 and claims himself/herself, would be able to take advantage of the credit on the 2008 return.
So, this is a good thing people. Not a fraud. And if the 2008 credit is less than what the rebate was, there is no requirement to pay it back. So, once you cash your rebate, you will not have to pay it back (it is in the Committee Reports).
"Taxpayers will reconcile the amount of the credit with the payment they receive in the following manner. They would complete a worksheet calculating the amount of the credit based on their 2008 tax return. They would then subtract from the credit the amount of the payment they received. For many taxpayers, these two amounts would be the same. If, however, the result is a positive number (because, for example, the taxpayer paid no tax in 2007 but is paying tax in 2008), the taxpayer may claim that amount as a credit against 2008 tax liability. If, however, the result is negative (because, for example, the taxpayer paid tax in 2007 but owes no tax for 2008), the taxpayer is not required to repay that amount to the Treasury. Otherwise, the checks have no effect on tax returns filed in 2009; the amount is not includible in gross income and it does not otherwise reduce the amount of withholding."
-Joint Committee on Taxation Report — JCX-8-08
http://www.house.gov/jct/x-8-08.pdf (page 6)
source?
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
yeah, that's it bail out the banks for making fraudulent loans
that will help alot
so next time they think about making fraudulent loans they'll say
"I'm sure the Government will bail us out, go ahead."
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
It is now in my post. I look forward to reading your response. Your source is a Russian, my source is the congressional committee reports. You cannot just look at the Code for tax law. There are Regulations to the Code (written by the IRS), legislative intents, court rulings, etc....
source means a link......
where's the link?
I don't trust my Government
what makes you think I trust you?
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
when you get through let me know, ok?
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08
those can be malicious
PEARL JAM~San Antonio, TX. 4~5~03
INCUBUS~Houston, TX. 1~19~07
INCUBUS~Denver, CO. 2~8~07
Lollapalooza~Chicago, IL. 8~5~07
INCUBUS~Austin, TX. 9~3~07
Bonnaroo~Manchester, TN 6~14~08