I don't care what side you lean toward...the "free tax rebate" money is a stupid idea.

[Rio Rebel]

Let's solve the problem of Americans not being able to manage their money, by sending them some tax money back.

The only issue that gets bipartisan support is the most ridiculous - and, of course, most politically expedient - plan put forth in years.

 

[SSSnail]

I agree with the poster below me, and any subsequent posts.

 

[lupi]

Yeah, they should go all the way by eliminating personal income tax totally and drastically reducing the business tax.

 

[blackangst1]

Originally posted by: SSSnail
I agree with the poster below me, and any subsequent posts.

LOL

 

[FoBoT]

you can buy bread and tickets to circuses with your tax rebate
or beer and a big screen TV to watch the NFL

who could possibly argue against more beer and more NFL? only a COMMIE!!!!

 

[Moonbeam]

Hey, I'm putting that money to good use buying lotto tickets.

 

[StageLeft]

I'm saving my money so that when its impotent attempt to save the economy fails I will have a few bucks to fall back on and buy soup at the grocery store so that my family won't starve when I've been out of work for 8 years and long since foreclosed on our house.

 

[BrunoPuntzJones]

I'm using mine to buy guns and ammo so I can take other peoples' $600

 

[UberNeuman]

Well, it's not really free money is it? I thought it was a loan on what you'd get back as a refund on your 2008 tax return.

and don't you have to pay it back?

/i'm so confused, Mr. Kotter!

 

[bamacre]

Originally posted by: Moonbeam
Hey, I'm putting that money to good use buying lotto tickets.

And if you win?

 

[OrganizedChaos]

If the gov't is going to deficit spend us into oblivion anyway, why not let the American people choose where their grandchildren's money is spent?

 

[piasabird]

Lets just throw money at the problem.

The problem is that they are spending too much money, so the solution is to spend more money.

Dont worry when we do away with the Temporary Bush Tax Cuts, you will be paying for it anyway.

 

[blackangst1]

Originally posted by: UberNeuman
Well, it's not really free money is it? I thought it was a loan on what you'd get back as a refund on your 2008 tax return.

and don't you have to pay it back?

/i'm so confused, Mr. Kotter!

Youre partially correct. If, when you do your taxes for 2008, and you get a refund, it is deducted from that refund, but wont put you in the negative. If you owe, it's a gift.

And you only get it if you've filed your 2007 tax return.

 

[smack Down]

Originally posted by: blackangst1

Originally posted by: UberNeuman
Well, it's not really free money is it? I thought it was a loan on what you'd get back as a refund on your 2008 tax return.

and don't you have to pay it back?

/i'm so confused, Mr. Kotter!

Youre partially correct. If, when you do your taxes for 2008, and you get a refund, it is deducted from that refund, but wont put you in the negative. If you owe, it's a gift.

And you only get it if you've filed your 2007 tax return.

Wrong. Assuming everything else is equal you will pay 600 dollars less in taxes next year then you paid this year.

 

[UberNeuman]

Originally posted by: blackangst1

Originally posted by: UberNeuman
Well, it's not really free money is it? I thought it was a loan on what you'd get back as a refund on your 2008 tax return.

and don't you have to pay it back?

/i'm so confused, Mr. Kotter!

Youre partially correct. If, when you do your taxes for 2008, and you get a refund, it is deducted from that refund, but wont put you in the negative. If you owe, it's a gift.

And you only get it if you've filed your 2007 tax return.

Ah, I see... thanks for clearing that up, sir.

I still think it's a bad idea all around.

 

[LegendKiller]

Originally posted by: Rio Rebel
Let's solve the problem of Americans not being able to manage their money, by sending them some tax money back.

The only issue that gets bipartisan support is the most ridiculous - and, of course, most politically expedient - plan put forth in years.

It's not sending money back, it's borrowing 150bn from china for a year, upon which time we will borrow another 150bn from them.

 

[cKGunslinger]

Originally posted by: LegendKiller

Originally posted by: Rio Rebel
Let's solve the problem of Americans not being able to manage their money, by sending them some tax money back.

The only issue that gets bipartisan support is the most ridiculous - and, of course, most politically expedient - plan put forth in years.

It's not sending money back, it's borrowing 150bn from china for a year, upon which time we will borrow another 150bn from them.

The beauty being, we borrow the money from China (paying it back with interest,) and give it to Americans, many of whom will use it to buy products from China.

It's an economy-stimulating package, alright - just not ours.

 

[Wreckem]

Originally posted by: UberNeuman

Originally posted by: blackangst1

Originally posted by: UberNeuman
Well, it's not really free money is it? I thought it was a loan on what you'd get back as a refund on your 2008 tax return.

and don't you have to pay it back?

/i'm so confused, Mr. Kotter!

Youre partially correct. If, when you do your taxes for 2008, and you get a refund, it is deducted from that refund, but wont put you in the negative. If you owe, it's a gift.

And you only get it if you've filed your 2007 tax return.

Ah, I see... thanks for clearing that up, sir.

I still think it's a bad idea all around.

It is NOT deducted from next years refund. As per the IRS website on this matter.

No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

 

[bl4ckfl4g]

Thanks for the PS3 government. I didn't need the money but ok I'll take it.

 

[compuwiz1]

Free things from the Goverment are nice, but we can't afford any of them.

Wanna boost an economy? It would seem that giving Americans a tax free year would be great, but no, we'd just become spoiled brats and expect it the following year and forever more....same as the effect of putting most folks on welfare.

 

[blackangst1]

Originally posted by: Wreckem

Originally posted by: UberNeuman

Originally posted by: blackangst1

Originally posted by: UberNeuman
Well, it's not really free money is it? I thought it was a loan on what you'd get back as a refund on your 2008 tax return.

and don't you have to pay it back?

/i'm so confused, Mr. Kotter!

Youre partially correct. If, when you do your taxes for 2008, and you get a refund, it is deducted from that refund, but wont put you in the negative. If you owe, it's a gift.

And you only get it if you've filed your 2007 tax return.

Ah, I see... thanks for clearing that up, sir.

I still think it's a bad idea all around.

It is NOT deducted from next years refund. As per the IRS website on this matter.

No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

I stand corrected. I mis understood. Thx Wreckem.

Per IRS FAQ:
Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.

 

[xeemzor]

The pandering involved in this package is so obvious, that it's sickening. IMO, this whole thing is a ploy just get votes during an election year. What makes this especially bad is that we are just giving ourselves money we don't have.

 

[LumbergTech]

of course its a stupid idea, its mainly to get votes..duh

 

[5to1baby1in5]

Originally posted by: BrunoPuntzJones
I'm using mine to buy guns and ammo so I can take other peoples' $600

I'm using mine to hire illegal aliens to go to the Microsoft 'Heros Happen Here' seminars. Then I can sell all their copies of Microsoft SQL Server 2008 on Craigs List.

Profit

 

[Sinsear]

Originally posted by: Moonbeam
Hey, I'm putting that money to good use buying lotto tickets.

Not a bad idea; I was going to donate mine to Ron Paul but winning the lotto probably is better odds than him ever becoming president.