Tax-rebate will not be given to dependents

[crzyc]

I was outraged when I read that dependents will not recieve the $300 tax rebate. This refund was supposed to make the new lowest tax bracket %10 in effect now. The first $6,000 would now be taxed at %10 not %15, hence the $300.

Dependents will not receive the rebate, nor will they get the new %10 rate, until 2002.

Really sucks.

 

[pulse8]

It worked out for your parents. They got money off for claiming you as a dependent.

 

[crzyc]

haha yea. they deserve it. I wonder why the government did that.

 

[shiner]

Did you pay taxes? If not then you don't deserve a refund.

 

[crzyc]

yes i paid taxes this year...

If I was not a dependent I would get $300, even if I did not pay taxes last year.

 

[tontod]

I think if you filed your own tax return, you'll get $300. I guess we'll know around middle of next month for sure.

 

[piku]

Probably because some 16 year old that works once a week or similar could make more money from a tax refund than he would make actually working.

 

[crzyc]

<< Probably because some 16 year old that works once a week or similar could make more money from a tax refund than he would make actually working. >>



no you get %5 on up to the first $6000 taxed, you would have to make $6000 to get the full $300

 

[shiner]

<< yes i paid taxes this year... >>


I bet you got it all back though if you made little enough that your parents could still claim you.

 

[crzyc]

no, i paid, meaning that i underwitheld, and received no refund.

 

[shiner]

Hmmm...interesting....

 

[Dually]

Its bad, and not fair and I wish I could use foul language in here, oh fiddle pickles.

 

[SuperTool]

Well, I think your parents paid less taxes because you are a dependent. Now you want a refund?

 

[juiio]

<< yes i paid taxes this year...

If I was not a dependent I would get $300, even if I did not pay taxes last year. >>



If you didn't pay taxes, you don't get a refund. Dependants don't get the refund because you were claimed on someone elses tax return, which gave them a huge deduction. Single parents also get a bigger refund.

Its very fair. I suggest you look at

this tax primer

 

[perry]

Sheit. I made about $20,000 last year.. Selling stocks to pay for tuition and stuff. But my mom still claims me as a dependent, so I get nada back. Hopefully they'll hook her up.

 

[crzyc]

maybe i should remind everyone that this was not an original part of the bill....

i see no reason that could justify this, not even because my parents get a deduction because of my dependence(plus you are probably getting the refund I will not be ). this is because the rate will be %10 in 2002 for everyone, even dependents. I really don't want the refund now to much, I would, however want the %10 rate for this year.


I wonder why no one else is outraged. I guess not many students knew they would have gotten a rebate.