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-   -   Stimulus Plan? $600-$1200 Tax Rebates? (https://www.yorkietalk.com/forums/off-topic-discussions/113914-stimulus-plan-600-1200-tax-rebates.html)

hha 01-29-2008 02:33 PM
The ones that get knocked out of it are the ones that make over $100 and some thousand a year..The House proposal would phase out rebates for individuals earning more than $75,000 in taxable income and for married couples earning more than $150,000. The Senate proposal has no income caps. (Additional reporting by Richard Cowan, editing by David Wiessler)

hha 01-29-2008 02:36 PM
Quote:
Originally Posted by Bizzymammabee (Post 1712456)
Can't wait to get it...just in time for our property tax hike. They give it with one hand and reach around and take it back with the other. :D
It's really funny the way they did our tax at grocery store last year, they lowered it from 5% to nothing on groceries, and raised it from 5%-6% for everything else..but, that was to bring our property taxes on our houses down..ours this last year went down to a little over $300 on a house that's valued around $200,000..

cindy0721 01-29-2008 02:47 PM
well this suxs... I pay taxes every year... and we still owe from 2006 sooooo we prob wont even see that check it will prob go straight to the irs.... geez..... I need to get gizmo a social....

labrown 01-29-2008 02:52 PM
Quote:
Originally Posted by cindy0721 (Post 1712755)
geez..... I need to get gizmo a social....
Hahaha!!! :rofl28ib:

hha 01-29-2008 03:06 PM
We pay in about $8000-$10000 a year just in federal, but, the last 2 years we've gotten a little back..But, I'm not going to take my money and spend it, it's going in to my savings acct...!

Too Cute Teddy 01-29-2008 03:08 PM
Quote:
Originally Posted by hha (Post 1712731)
It's really funny the way they did our tax at grocery store last year, they lowered it from 5% to nothing on groceries, and raised it from 5%-6% for everything else..but, that was to bring our property taxes on our houses down..ours this last year went down to a little over $300 on a house that's valued around $200,000..
wow! I need to move out of Jersey we pay close to $8000 a year in property taxes :eek:

stedmansmommy 01-29-2008 03:14 PM
I heard about this a week or so ago and I hope it does happen - I'm pretty sure it will ;) :thumbup:

Tiggerwit 01-29-2008 03:16 PM
I hope it happens too. Vegas baby!!! Whose in? :D

hha 01-29-2008 03:29 PM
Quote:
Originally Posted by Too Cute Teddy (Post 1712805)
wow! I need to move out of Jersey we pay close to $8000 a year in property taxes :eek:
I know, I'm originally from Illinois, there's are high too..It really gets to me, when people down here don't pay their taxes, because they're too high..:(

Rudys Mom 01-29-2008 04:52 PM
Quote:
Originally Posted by Sunnyd (Post 1712589)
It hasn't passed the Senate. From what I've read and been told (I'm a CPA it's a big discussion at our office) it will be FREE money. You won't have to include it on your 2008 taxes and it doesn't reduce any credits. We'll see. I expect it to be reduced a little more before it makes it to Bush's desk. When Pres. Bush proposed the plan, it was $800 and 1600 but it excluded working people who paid no taxes. Hopefully, it will make to Bush's desk by the middle of the month.
Wow that would be great if we didn't have to include it on our 2008 taxes. Someone else said, "Vegas, baby". Yes that's what we plan to do with our money if we get it, another trip out to visit our son in Las Vegas. :) :thumbup: :) :)

miezzi 01-29-2008 05:32 PM
Quote:
Originally Posted by Rudys Mom (Post 1713088)
Wow that would be great if we didn't have to include it on our 2008 taxes. Someone else said, "Vegas, baby". Yes that's what we plan to do with our money if we get it, another trip out to visit our son in Las Vegas. :) :thumbup: :) :)

I heard that we will have to claim it in 2009.....:rolleyes:

cheeselover8481 01-29-2008 05:35 PM
They better give this to us cuz I started spending it since the day I found out about it. Haha, I guess their goal of trying to get consumers to spend is already working.

Ashley V 01-29-2008 06:31 PM
I can't wait! We don't have any children, but we will definately be filing jointly this year so we can get an extra $1200.

Gracie2006 01-29-2008 06:35 PM
They did the same thing several years ago as I recall. It was $300 and the "rebate" was considered taxable income for the year if memory serves correctly. Personally, it won't be a drop in the bucket for me. How about putting it all in a pool to lower gas prices, do something that would help the greatest number of people?

stedmansmommy 01-29-2008 06:38 PM
Quote:
Originally Posted by Gracie2006 (Post 1713385)
They did the same thing several years ago as I recall. It was $300 and the "rebate" was considered taxable income for the year if memory serves correctly. Personally, it won't be a drop in the bucket for me. How about putting it all in a pool to lower gas prices, do something that would help the greatest number of people?
I'd much rather them do this! It would be better in the long run.

....If only :rolleyes:


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