so about that tax rebate thing....

decides2dream

haha. the other day i was riding the elevator with a bunch of accountants in my firm and we were discussing it. one asked if anyone knew what the salary cap was to receive it and i said 'if you have to ask, you don't need it'......:p we all had a good laugh....and he said he liked the new 'spin' of that phrase.


i really haven't been following it, so who knows? i think really it's a waste. billions in debt, but let's throw people a meager bone eh? lame.

Poncier wrote:

But it was only $300 last time. Anything over $600 is subject to taxation, so I fully expect we'll get checks in June and 1099's in January.

and, exactly.

Indifference

PJGARDEN wrote:

pretty sure Ed makes over the limit. Don't think he'll be seeing the $1200.

Stupid limit....

know1

The people who pay the most taxes should get the biggest rebate IMO...

decides2dream

know1 wrote:

The people who pay the most taxes should get the biggest rebate IMO...

i don't think there should even BE a rebate.
and, i believe the lame-ass rationale for this rebate is to stimulate the economy. i also believe the thought process here, rightly or wrongly, is that if the wealthiest americans are given a rebate, they will merely stick it in the bank, b/c they already have and spend as they want - thus will do nothing to *stimulate* the economy. whereas people of lower socio-economic status more than likely WILL spend it, on something....whether to pay down debt or to buy some big ticket item, etc...which DOES *stimulate* the economy. not saying what's right or wrong here....just saying the REASON for the rebate has a LOT to do with who gets it and how much.

Somnium

I'll have to insist on getting my rebate in euros!

Number 18

I barely qualified... My fiance didn't. I guess she'll just have to stay at home while I go to some PJ gigs!

know1

decides2dream wrote:

i don't think there should even BE a rebate.
and, i believe the lame-ass rationale for this rebate is to stimulate the economy. i also believe the thought process here, rightly or wrongly, is that if the wealthiest americans are given a rebate, they will merely stick it in the bank, b/c they already have and spend as they want - thus will do nothing to *stimulate* the economy. whereas people of lower socio-economic status more than likely WILL spend it, on something....whether to pay down debt or to buy some big ticket item, etc...which DOES *stimulate* the economy. not saying what's right or wrong here....just saying the REASON for the rebate has a LOT to do with who gets it and how much.

I understand the reason for the stimulus, but it's pretty lame to just assume that a so-called "wealthy" person is just going to put it in the bank and therefore doesn't deserve one.

And who really thinks that $75K/year means a person is wealthy?

Fighting Hellfish

anyone know if someone who's on social Security Disablity will get a rebate? I still file a tax return.

decides2dream

decides2dream wrote:

i don't think there should even BE a rebate.
and, i believe the lame-ass rationale for this rebate is to stimulate the economy. i also believe the thought process here, rightly or wrongly, is that if the wealthiest americans are given a rebate, they will merely stick it in the bank, b/c they already have and spend as they want - thus will do nothing to *stimulate* the economy. whereas people of lower socio-economic status more than likely WILL spend it, on something....whether to pay down debt or to buy some big ticket item, etc...which DOES *stimulate* the economy. not saying what's right or wrong here....just saying the REASON for the rebate has a LOT to do with who gets it and how much.

know1 wrote:

I understand the reason for the stimulus, but it's pretty lame to just assume that a so-called "wealthy" person is just going to put it in the bank and therefore doesn't deserve one.

And who really thinks that $75K/year means a person is wealthy?

i agree, on all counts.
and i already said...i just think the entire idea for the rebate is LAME. you bet i'll take the money happily if they give it out and i qualify.....but absolutely, i think it could be far better spent, period.

Anon

Does every taxpayer get this? I know families get more, and you get more per child, but is this refund going to EVERYONE?

orig_long red

know1 wrote:

And who really thinks that $75K/year means a person is wealthy?

Me.


I don't make much at all and I could really use this rebate to keep the bill collectors at bay.

And it's not really a question of wealthy or not wealthy. It's more a question of who's living paycheck to paycheck and who is not.

I am living paycheck to paycheck ... so, rebate please.

Anon

long red wrote:

Me.


I don't make much at all and I could really use this rebate to keep the bill collectors at bay.

And it's not really a question of wealthy or not wealthy. It's more a question of who's living paycheck to paycheck and who is not.

I am living paycheck to paycheck ... so, rebate please.

agree, agree, agree. I sorta live paycheck to paycheck because I am just starting out working in the real world, and living alone right now. Rent, bills, etc. all add up, and like you, I don't make a ton of money either. Im just thankful I have a "2nd and 3rd" jobs on the side...

know1

long red wrote:

Me.


I don't make much at all and I could really use this rebate to keep the bill collectors at bay.

And it's not really a question of wealthy or not wealthy. It's more a question of who's living paycheck to paycheck and who is not.

I am living paycheck to paycheck ... so, rebate please.

I don't think $75K is overly wealthy...especially in areas like San Francisco, New York, etc. Those people won't be getting the rebate either.

Like I said, I think the people who pay the most taxes should get the highest rebate.

orig_long red

know1 wrote:

I don't think $75K is overly wealthy...especially in areas like San Francisco, New York, etc. Those people won't be getting the rebate either.

Like I said, I think the people who pay the most taxes should get the highest rebate.

again, it's not about the amount of money you make ... it's about who is struggling to get by. I pay less taxes than you because I'm in a different tax bracket, but that also means that I make less money than you ... ergo I need the bigger rebate in order to help me get by.

get it?

Indifference

I'm not getting one as over the limit, but illegal immigrants mights......

Crazy - indeed.

http://www.cbsnews.com/stories/2008/01/30/politics/politico/thecrypt/main3770697.shtml