Will I get a check in the mail?

[Balzout]

I am a full time employee but live with my parents and am a dependent....will I get George W. Bush's $300 check in the mail?

[comhcinc]

yeah as the plan is now. hopfully the senate will kill this bill.

[masherscf]

I am a full time employee but live with my parents and am a dependent....will I get George W. Bush's $300 check in the mail?

Do you file your own taxes? You should be. If you're entitled to the rebate you should get it.

Do your parents contribute more than 50% of your support? If they don't, they shouldn't be claiming you.

[comhcinc]

if they claim him they get an extra 300, god i hope this dies

[masherscf]

if they claim him they get an extra 300, god i hope this dies

You don't get $300 per dependent? Do you... that would be awesome. Edit: Yes, It's true!

He pays federal tax so he gets $300. If he pays any income taxes he gets another $300 and his parents get $300 for claiming him... Why does that seem so wrong? I hope his parents get audited.

[Balzout]

I do my own taxes, yes my parents contribute more than 50% and yes I pay an income tax I think :/ Maybe I don't. But it says income taxes on my W2. :-/

[masherscf]

I do my own taxes, yes my parents contribute more than 50% and yes I pay an income tax I think :/ Maybe I don't. But it says income taxes on my W2. :-/

Did you make $3,000 or more? Did you pay FICA? Is all your income tax refunded? Your W2 is only the withholding. You compute your taxes on your tax return and the government send you a refund. Ron Paul hates it.

[comhcinc]

so do i....and i hate ron paul.

[tokenuser]

Buying votes or popularity? The BUSH BONUS REDUX (remember the last one we got 7 years ago?) is going to do nothing for the economy except put the country further into debt. Great fiscal policy that one is :rolleyes:

If they send me money, I'll take it, but if its all about $75000 limits, and joint household incomes of $150K, then I am going to be right on the edge of getting it or not.

[comhcinc]

i plan on buy us saving bonds.

[tokenuser]

i plan on buy us saving bonds.You'd be better off buying a Chinese Saving Bond - since they are the creditor for a majority of the current debt.

[masherscf]

Buying votes or popularity? The BUSH BONUS REDUX (remember the last one we got 7 years ago?) is going to do nothing for the economy except put the country further into debt. Great fiscal policy that one is :rolleyes:

If they send me money, I'll take it, but if its all about $75000 limits, and joint household incomes of $150K, then I am going to be right on the edge of getting it or not.

Bloody two-income households. :P

[comhcinc]

ture but i still have faith in this country

[AriaStar]

You don't get $300 per dependent? Do you... that would be awesome. Edit: Yes, It's true!

He pays federal tax so he gets $300. If he pays any income taxes he gets another $300 and his parents get $300 for claiming him... Why does that seem so wrong? I hope his parents get audited.

I believe an exception is if you're claimed as a dependent, then you don't get the money.

[masherscf]

I believe an exception is if you're claimed as a dependent, then you don't get the money.

I hadn't read that. But, it's entirely possible.

[comhcinc]

i don't know about that either. but one way or the other these people are getting 300 dollars for the kid.

[masherscf]

i don't know about that either. but one way or the other these people are getting 300 dollars for the kid.

Only if they make less than $150,000...

[comhcinc]

i think the kid thing applies across the board. am i wrong?

[masherscf]

i think the kid thing applies across the board. am i wrong?

Maybe, I just read the NY times about it and it was scant on technical details.

[comhcinc]

well it hasn't pass the senate yet so the nuts and bolts don't really matter, things will be changed.

[tokenuser]

Only if they make less than $150,000...Is that $150K before or after tax? God I hope its after.

[comhcinc]

heh i doubt it. you make over $150,000 you don't need $300.

[phatlip12]

Did I miss something? Am I going to be getting some cash?

[AriaStar]

i think the kid thing applies across the board. am i wrong?

The news went over it in detail. You get the full $600 if you make under $75k, or $1200 if married and under $150k. A partial if single and up to $87.5k, or I think it was $168k if married, and they said everyone gets $300 per child. They were going over this so much because you gotta make $75k just to get by around here and this rebate thing doesn't take into account how in some areas $30k is a lot of money in a year and you live well, whereas the cost of living here is so much and this rebate doesn't take that into account.

[AriaStar]

Or actually it was a "minimum of $300 per child."

[tokenuser]

heh i doubt it. you make over $150,000 you don't need $300.Says who? ... and I don't make over $150K, but as a household we are pushing it.

$600 is about what I need for materials for a landscaping project out front of the house (not including plants).

[kevincollateral]

not sure what the mrs and i will spend the $1200 on..


ohhh the possibilites!

[AriaStar]

Oh, Commie, around here, $150k isn't exactly a lot. This is the land where an entry-level fixer-upper is going to be at least a million, and the yearly rent on this townhouse is 17.6% of that. Straight up, after taxes I bring home $50k per year, which is a shit-load in many areas, yet am only getting by because I've got no debt. Car's paid in full, and I refuse to use credit, and I don't have day care or anything for the kids I don't have. But a typical family with a place large enough for kids, a car or two, day care or one parent staying home, and it's easy to blow through a $150k-pre-tax (which would be a little over twice what I make). I don't know how people make it with kids in this area. In Pennsylvania you'd be living like a king on far less than what it takes to scrape by around here. $150k is a lot less money in a place where a 1br apartment is going to run you at least $1500 per month, if not a lot more.

So yeah, I can see how many people here could use a few hundred extra bucks while making $150k.

[kevincollateral]

Oh, Commie, around here, $150k isn't exactly a lot. This is the land where an entry-level fixer-upper is going to be at least a million, and the yearly rent on this townhouse is 17.6% of that. Straight up, after taxes I bring home $50k per year, which is a shit-load in many areas, yet am only getting by because I've got no debt. Car's paid in full, and I refuse to use credit, and I don't have day care or anything for the kids I don't have. But a typical family with a place large enough for kids, a car or two, day care or one parent staying home, and it's easy to blow through a $150k-pre-tax (which would be a little over twice what I make). I don't know how people make it with kids in this area. In Pennsylvania you'd be living like a king on far less than what it takes to scrape by around here. $150k is a lot less money in a place where a 1br apartment is going to run you at least $1500 per month, if not a lot more.

So yeah, I can see how many people here could use a few hundred extra bucks while making $150k.


yeah it definitely depends on where you live..and your current situation. and by current situation.. lets say...like a lot of people in this world, the people who cant control spending.

you could have a household making 150k a year...but spending like a sob...which i know in the dallas lifestyle people do that way too much. so i can see that extra little cash helping them pay their debt..

or adding to it.. hey look $300...i was really feeling the need for a new $2000 plama...yeah $1700 more debt aint bad. lets go.

[ender.]

so....

i make like 1000 or so a year during the summer, cause i goto school full time.

i file my taxes and everything, and i think i filed for excluded? or ex-something...

i doubt im getting anything... am i wrong?

[tokenuser]

so....

i make like 1000 or so a year during the summer, cause i goto school full time.

i file my taxes and everything, and i think i filed for excluded? or ex-something...

i doubt im getting anything... am i wrong?Unless things change, you don't earn enough ... the the upside, if your parents stil claim you as a dependent (more than likely) they will probably get $300 for you :)

See - you're not worthless afterall :D

[crumbles]

heh i doubt it. you make over $150,000 you don't need $300.hahhaha, I love democrats way of thinking.

[comhcinc]

hahhaha, I love democrats way of thinking.
that's a democrat way of thinking? that the government should be handing out ''free' money?



oh btw i'm not a democrat.

[skyz]

hahhaha, I love democrats way of thinking.

some people just don't have a clue at how much it takes to live a first class life :D

[masherscf]

hahhaha, I love democrats way of thinking.

The democrat way of thinking would be to raises taxes on those making over $150,000 and give it as a tax credit to those making less than $30,000 regardless of how much Income tax they actually paid.

Just sayin'

I'm not sure what we're gonna do with our $1,800+. But, It probably won't stimulate the ecomomy.

[phatlip12]

hahhaha, I love democrats way of thinking.

Gota love those greedy Republicans. :D

;) ;) :P

[Hawkeye216]

that's a democrat way of thinking? that the government should be handing out ''free' money?Did you somehow forget what you originally said?you make over $150,000 you don't need $300.So by making over $150,000 / year (and paying more money into taxes than say someone making $30k.. not to mention paying a higher percentage of your income) you are less deserving of this tax refund?

Hate to break it to you, champ, but that's the basic idea of the Democratic party. Tax the rich, give to the poor.

[crumbles]

that's a democrat way of thinking? that the government should be handing out ''free' money?OK, first of all, it's not free money. It's money that I have already earned that the government took from me first before I ever even got to do anything with it.

Your comment about "Why would someone who makes x amount of money need $300!!!" makes me sick. You're the type of person who feels that if someone has more money than you do, then they need to give it to you.

oh btw i'm not a democrat.Yea, you've said that before so I asked you if you were a commie, to which you got insulted, remember? So, until you say what you are, I have to call it by your actions: Democrat.

Gota love those greedy Republicans. :D

;) ;) :PI know, it's crazy to think that we should be able to keep the money we work hard for instead of being forced to hand it to someone else! Insanity!

[jjallday]

As it stands, if someone claims you as a dependent, they'll get your rebate ($300 per kid, I think).

I'm planning on spending mine (and my wife's) on coke and hookers!

[comhcinc]

heh i doubt it. you make over $150,000 you don't need $300.This Was Intended As A Joke
can we let that die now?



OK, first of all, it's not free money. It's money that I have already earned that the government took from me first before I ever even got to do anything with it.not really. the government(us) will have to go into even more debt to make this happen

Your comment about "Why would someone who makes x amount of money need $300!!!" makes me sick. You're the type of person who feels that if someone has more money than you do, then they need to give it to you.
see above
Yea, you've said that before so I asked you if you were a commie, to which you got insulted, remember? So, until you say what you are, I have to call it by your actions: Democrat.

as a matter of fact i can't answer your question. when i first regeistered to vote, i was an independant. then i joion the alabama green party from 2000 to 2005 now i am back to being an independant. so i am not anything, but it would be cool to be a whig :D

now you claim you are not a neo-con, but you seem to surport this. a true conservate would not surport this.

[kowgod]

I'm a democrat. I don't think anyone should get any rebate. It's total bullshit. Wanna stimulate the economy? Invest in not fucking up the country.

Hopefully people put this money toward paying down their credit card debt.

[phatlip12]

I know, it's crazy to think that we should be able to keep the money we work hard for instead of being forced to hand it to someone else! Insanity!

Haha. ;)

Seriously though, I was just poking fun at you before. Theres no way I can take a stance on this as I have no clue what you guys are even talking about. Whats the deal with this $300 back thing. Link?

[kowgod]

Haha. ;)

Seriously though, I was just poking fun at you before. Theres no way I can take a stance on this as I have no clue what you guys are even talking about. Whats the deal with this $300 back thing. Link?

Read a newspaper, dude! ;)

[crumbles]

I'm a democrat. I don't think anyone should get any rebate. It's total bullshit. Wanna stimulate the economy? Invest in not fucking up the country.

Hopefully people put this money toward paying down their credit card debt.I agree this isn't going to do shit to stimulate the economy.

[phatlip12]

Read a newspaper, dude! ;)

A new...newspaper? Whats that? Is it a new Google service or something? ;)

[tokenuser]

I'm a democrat. I don't think anyone should get any rebate. It's total bullshit. Wanna stimulate the economy? Invest in not fucking up the country.

Hopefully people put this money toward paying down their credit card debt.Not going to happen ...

People will say "Golly, with $600 I can buy that big screen TV ... $600 down and $2400 on my credit card."

[crumbles]

Not going to happen ...

People will say "Golly, with $600 I can buy that big screen TV ... $600 down and $2400 on my credit card."People always look at tax refunds as "bonuses" or "free money from the government." They are too stupid to realize that it's their own money that they should have been getting throughout the year to do what they want with. Then they do just what you said Token, they blow it because it's their "bonus!"

Last year I managed to get my taxes down to a +$150 refund for Federal. That's about as close as I can get it.

[comhcinc]

Hopefully people put this money toward paying down their credit card debt.

that won't help stimulate the economy. now if people do what token thinks then it will. but any time they do this people tend to either pay off debt or put it in savings

[kowgod]

Last year I managed to get my taxes down to a +$150 refund for Federal. That's about as close as I can get it.

I've managed to owe tax every year for the past 4 years.

I like it that way.

[tokenuser]

Last year I managed to get my taxes down to a +$150 refund for Federal. That's about as close as I can get it.I am much the same, I think last year I owed federal, and got back state, and ended up down about $17. Thats pretty good.

This year is nasty though. I sold some shares, and Wachovia screwed me by taking out capital gains tax. Thats fine - except they took it off the ENTIRE transaction, and not just the capital gains ... so I get something like $3000 back this year. It goes straight back into my investment account where it SHOULD have been.

[crumbles]

I've managed to owe tax every year for the past 4 years.

I like it that way.I shoot for a +-$300. Anywhere in that range and I'm happy.

[crumbles]

I am much the same, I think last year I owed federal, and got back state, and ended up down about $17. Thats pretty good.

This year is nasty though. I sold some shares, and Wachovia screwed me by taking out capital gains tax. Thats fine - except they took it off the ENTIRE transaction, and not just the capital gains ... so I get something like $3000 back this year. It goes straight back into my investment account where it SHOULD have been.Yea, I'm not looking forward to taxes this year, I have a bunch of stuff to deal with that I've never had to before.

Baby
Daycare expenses
IRA

If only there was a better tax solution...... if only....

[masherscf]

My wife, two children and I will get $1,800 at least if this rebate goes through. I know that in theory the money was once mine and soon will be again. However, I can't help thinking that the way the money is passed out is a little pandering

For example, Token and I are the same age and probably make around the same amount of money. However, I have two kids and my wife doesn't work full time.... therefore, I get more? I already get tax breaks that he doesn't because of the children.

[phatlip12]

My wife, two children and I will get $1,800 at least if this rebate goes through. I know that in theory the money was once mine and soon will be again. However, I can't help thinking that the way the money is passed out is a little pandering

For example, Token and I are the same age and probably make around the same amount of money. However, I have two kids and my wife doesn't work full time.... therefore, I get more? I already get tax breaks that he doesn't because of the children.

How I view it:

It's the first cold day of the year, you put your coat on (which you haven't wore in months). When you go to put your car keys in your coat pocket you feel something in it. You pull out a $20. Yes, it was your money to begin with but you forgot you had it. The money you get back through taxes is similar to this.

[tokenuser]

How I view it:

It's the first cold day of the year, you put your coat on (which you haven't wore in months). When you go to put your car keys in your coat pocket you feel something in it. You pull out a $20. Yes, it was your money to begin with but you forgot you had it. The money you get back through taxes is similar to this.Actually, its not. Its more like you had $60 in your pocket, and by the time you found the money in your pocket, the rats had destroyed $40 ... so all you get is a $20 ...

[phatlip12]

Actually, its not. Its more like you had $60 in your pocket, and by the time you found the money in your pocket, the rats had destroyed $40 ... so all you get is a $20 ...

It's US currency, so the $20 it used to be worth a year ago is now worth less then a Peso. If only it was a Peso to begin with...

;)

Good point though, it still follows the idea of new found money though (even if it was you're own to begin with).

[AriaStar]

My wife, two children and I will get $1,800 at least if this rebate goes through. I know that in theory the money was once mine and soon will be again. However, I can't help thinking that the way the money is passed out is a little pandering

For example, Token and I are the same age and probably make around the same amount of money. However, I have two kids and my wife doesn't work full time.... therefore, I get more? I already get tax breaks that he doesn't because of the children.

You're correct on all counts. It's a band aid solution meant to distract us from something else. Perhaps the government is trying to distract us from a rate hike in taxes to fund invading Iran.

I'm not sure why breaks, credits, and additional refunds are given for having children. Yes, I understand having children is expensive, but I'd think people would think about that before having them. I won't get to have them, but if I could, I wouldn't think of it in terms of whether I could afford it with the extra breaks. Actually what irks me the most are the credits that can amount to more back than paid in taxes to begin with, basically forcing non-parents to subsidize raising the children of others. As someone infertile, this is especially painful and makes me feel a lot of resentment at having to pay extra for others who have what I so desperately want and can't have (this may seem like it's just my issue, but I guarantee you that it's like pouring salt in an open wound to people who can't have, but want, children).

[AriaStar]

For example, Token and I are the same age and probably make around the same amount of money. However, I have two kids and my wife doesn't work full time.... therefore, I get more? I already get tax breaks that he doesn't because of the children.

As Cody was just saying, they're wanting to give the money to people they think will be more likely to spend it, though neither of us agrees that this means just families. Childless people are just as likely to spend it, and more likely to spend it on something taxable, like a new plasma TV, whereas families are more likely to spend it on food. At least here, in California, food is not taxes unless it's at a restaurant or otherwise already warm and ready to eat when bought, like a hot chicken at the grocery store from the deli.

[nextgenxbox]

I'm no politican or economist or nothing but isn't the country broke? How is giving people money going to help?

[AriaStar]

I'm no politican or economist or nothing but isn't the country broke? How is giving people money going to help?

More like in the most debt of any country in the world.

It's supposed to spark spending, get people to take money out of savings. Get $600, but a $3k TV and put $2400 on credit. Spending you otherwise wouldn't do. Money in savings isn't as valuable to the feds as money being spent and taxed every tine it changes hands.

Take a dollar and spend it at the store. You get about 93 cents to spend when taking into consideration the tax. Now that store owner pays an employee and there are taxes, meaning about 80 cents is available. That employee spends is and has maybe 73 cents to spend of that original dollar. See?

It's a trick to make people take money out of savings and to drive us into the debt the government wants us to be in so they can set the interest rates higher to get more money from us. It's really just a scam in the end.

[nextgenxbox]

More like in the most debt of any country in the world.

It's supposed to spark spending, get people to take money out of savings. Get $600, but a $3k TV and put $2400 on credit. Spending you otherwise wouldn't do. Money in savings isn't as valuable to the feds as money being spent and taxed every tine it changes hands.

It's a trick to make people take money out of savings and to drive us into the debt the government wants us to be in so they can set the interest rates higher to get more money from us. It's really just a scam in the end.

I see. That makes evil sense. :) Thanks.

[AriaStar]

I see. That makes evil sense. :) Thanks.

Yup. The less financially stable and secure your typical American worker is, the more money rolling in to the feds. As long as you don't spend frivolously more than the rebate, then you're thwarting them a bit. :)

When I put in some bids on property in Washington years ago, part of the bid was what interest you're willing to pay to the owner of the land. The more you're willing to pay, the more likely to have an accepted bid. Anyway, I found out then that there is a minimum allowed. It's either no interest of the minimum the feds set. So if it's 8% this year, you can't pay 6% to a land owner. And who will take payments for 0% interest? For being a free country, we're really free, eh? When even the minimum interest we can accept is dictated?

[nextgenxbox]

Yup. The less financially stable and secure your typical American worker is, the more money rolling in to the feds. As long as you don't spend frivolously more than the rebate, then you're thwarting them a bit. :)



Heh. If I get a check I'm going to save it. TAKE THAT!

[AriaStar]

Heh. If I get a check I'm going to save it. TAKE THAT!

Cash it and save it as cash and then there's no bank interest for them to tax either. :)

[tokenuser]

Cash it and save it as cash and then there's no bank interest for them to tax either. :)I'd prefer to have the cash in the bank earning 3%, with the irs taking 1% and leaving me with 2% than earning no interest at all.

[AriaStar]

I'd prefer to have the cash in the bank earning 3%, with the irs taking 1% and leaving me with 2% than earning no interest at all.

After inflation, you still end up behind. :)

[nextgenxbox]

Cash it and save it as cash and then there's no bank interest for them to tax either. :)

I'm going to cash it and burn it! TAKE THA.... wait....

[AriaStar]

I'm going to cash it and burn it! TAKE THA.... wait....

Small-known fact. I keep in my account only what's needed to auto-debit for rent. I'm far more likely to keep cash. I don't trust the government.

[AutoDas]

Great. The government is giving back money to the people who already earned and paid it to the government except this time inflation has made it worth less. Got to love our monetary system...

[AriaStar]

Great. The government is giving back money to the people who already earned and paid it to the government except this time inflation has made it worth less. Got to love our monetary system...

Know what would be cool? If those politicians who vote to give themselves pay raises all the time instead decided to not give themselves raises and to instead give THAT money back to us.

[nextgenxbox]

Small-known fact. I keep in my account only what's needed to auto-debit for rent. I'm far more likely to keep cash. I don't trust the government.

Good thing you announced to the world that you keep your cash with you. Now, what's your address? ;)

[AriaStar]

Good thing you announced to the world that you keep your cash with you. Now, what's your address? ;)

Who say I keep it WITH me? :)

[spy8500]

Who say I keep it WITH me? :)

Its okay, I keep all of mine with me.
I live in the big white house on Pennsylvania Ave.

Come on over!

;)

[AriaStar]

Its okay, I keep all of mine with me.
I live in the big white house on Pennsylvania Ave.

Come on over!

;)

God damn you, Bush, leave my forum. :)