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Senate passes $170 billion stimulus package (Tax Rebates)

senninsennin Posts: 2,146
edited February 2008 in All Encompassing Trip
http://www.cnn.com/2008/POLITICS/02/07/congress.economy/index.html

The Senate accord -- reached after days of bickering and passed by 91-6 -- keeps the House-passed rebate check amounts of $300 to $600 for people who have an income between $3,000 and $75,000, plus $300 per child.

Couples earning up to $150,000 would get $1,200.

But the plan also gives checks to more than 20 million Social Security beneficiaries and 250,000 handicapped veterans and their widows.
Post edited by Unknown User on

Comments

  • LizardLizard Posts: 12,091
    well i can use it for sure.

    probably not the best idea but if they are sending it, i'm using it. Probably buy like $800 worth of lotto tickets!!! :D
    So I'll just lie down and wait for the dream
    Where I'm not ugly and you're lookin' at me
  • Im still hereIm still here Posts: 826
    Yessss, Bonnaroo Money

    :)
    PEARL JAM~Lubbock, TX. 10~18~00
    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
  • JOEJOEJOEJOEJOEJOE Posts: 10,513
    Its like we are all taking a cash advance that we will have to pay back later!
  • MookieBlaylock5v1MookieBlaylock5v1 Posts: 353
    bitch better have my money.
  • Obi OnceObi Once Posts: 918
    JOEJOEJOE wrote:
    Its like we are all taking a cash advance that we will have to pay back later!
    With a debt growing every minute I concur.
    your light's reflected now
  • AnonAnon Posts: 11,175
    Do we need to do anything to receive this, or is it automatic? And wtf is up with people earning > $150,00 getting 2x as much??? :(
  • JOEJOEJOEJOEJOEJOE Posts: 10,513
    all4PearlJam wrote:
    Do we need to do anything to receive this, or is it automatic? And wtf is up with people earning > $150,00 getting 2x as much??? :(

    You have it backwards....couples get twice as much as individuals, but if their income exceeds $150,000, they don't get the rebate. Same for individuals who earn over $75,000.
  • AnonAnon Posts: 11,175
    JOEJOEJOE wrote:
    You have it backwards....couples get twice as much as individuals, but if their income exceeds $150,000, they don't get the rebate. Same for individuals who earn over $75,000.
    ah, ok...nevermind :D
  • know1know1 Posts: 6,794
    That $75K cap is waaaaaaaaay too low. If anything, they should give more back to those above $75K, since they are paying the most taxes.
    The only people we should try to get even with...
    ...are those who've helped us.

    Right 'round the corner could be bigger than ourselves.
  • LedbetterusLedbetterus Posts: 592
    JOEJOEJOE wrote:
    You have it backwards....couples get twice as much as individuals, but if their income exceeds $150,000, they don't get the rebate. Same for individuals who earn over $75,000.

    So who gets 300 and who gets 600? Or is it not a solid value? Like someone earning 74,999 would get 600, someone who earned 50,000 would get 450, and so on..?

    I'm confused! I work basically under the table (family business), but I'm on the books for about $6000 / year. So I'm basically looking at like.. $310? So confused.. lol
    Abraham Lincoln once said, "If you are a racist, I will attack you with the North."
  • JOEJOEJOEJOEJOEJOE Posts: 10,513
    Ledbetterus wrote:
    So who gets 300 and who gets 600? Or is it not a solid value? Like someone earning 74,999 would get 600, someone who earned 50,000 would get 450, and so on..?

    I'm confused! I work basically under the table (family business), but I'm on the books for about $6000 / year. So I'm basically looking at like.. $310? So confused.. lol

    Since you work under the table, you are making the rest of us foot your fair share, so you should get NOTHING!
    :)
  • Vedd HeddVedd Hedd Posts: 4,598
    If you make up to 75 grand, you will get 600. If you are married couple filing jointly and make up to 150,000 (75 grand a piece) you get 1200 (600 a piece).

    The 300 dollar rebate is for those who made at least 3000, but didnt pay income taxes. (but who likely paid sales taxes in other areas)

    This article is written a little more clearly.

    http://www.msnbc.msn.com/id/23052292
    Turn this anger into
    Nuclear fission
  • failedpersephonefailedpersephone Posts: 3,424
    JOEJOEJOE wrote:
    Its like we are all taking a cash advance that we will have to pay back later!
    It's the gift that keeps on giving...as in giving us deficit headaches, and shambly infrastructure...

    it's like the clap. fun when you first get it, but you are seriously fucked in the future.
    IF YOU WANT A PLATE OF MY BEEF SWELLINGTON, YOU'RE GOING TO HAVE TO PAY THE COVERCHARGE.
  • normnorm Posts: 31,146
    failedpersephone wrote:
    it's like the clap. fun when you first get it, but you are seriously fucked in the future.


    they should replace 'E pluribus unum' on the great seal with that....:)
  • failedpersephonefailedpersephone Posts: 3,424
    cutback wrote:
    they should replace 'E pluribus unum' on the great seal with that....:)
    I would be happy if it is printed on the rebate checks...I'm just a sayin' ;)

    I wonder if our grandkids will be smart enough to come up with the right cream salve to use when the pustules appear. :eek:
    IF YOU WANT A PLATE OF MY BEEF SWELLINGTON, YOU'RE GOING TO HAVE TO PAY THE COVERCHARGE.
  • LikeAnOceanLikeAnOcean Posts: 7,718
    know1 wrote:
    That $75K cap is waaaaaaaaay too low. If anything, they should give more back to those above $75K, since they are paying the most taxes.
    They are trying to give it too people who don't already have the money to blow. If you don't have any money to blow and you are making more than 75k, you need to re-evalute your lifestyle. I'm making about 30k living by myself in Chicago of all places and I have money to spend without the rebate. If I was making 75k I don't know what I'd do with the extra cash.
  • lukin2006lukin2006 Posts: 9,087
    LikeAnOcean wrote:
    They are trying to give it too people who don't already have the money to blow. If you don't have any money to blow and you are making more than 75k, you need to re-evalute your lifestyle. I'm making about 30k living by myself in Chicago of all places and I have money to spend without the rebate. If I was making 75k I don't know what I'd do with the extra cash.
    I like that, and totally agree.
    I have certain rules I live by ... My First Rule ... I don't believe anything the government tells me ... George Carlin

    "Life Is What Happens To You When Your Busy Making Other Plans" John Lennon
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