Stimulus Plan? $600-$1200 Tax Rebates? - Page 3 - YorkieTalk.com Forums

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

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.

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

geez..... I need to get gizmo a social....

Hahaha!!!

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

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

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

Tiggerwit · 01-29-2008, 03:16 PM

I hope it happens too. Vegas baby!!! Whose in?

hha · 01-29-2008, 03:29 PM

Quote:

Originally Posted by Too Cute Teddy

wow! I need to move out of Jersey we pay close to $8000 a year in property taxes

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

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.

miezzi · 01-29-2008, 05:32 PM

Quote:

Originally Posted by Rudys Mom

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.

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

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

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

01-29-2008, 02:33 PM	#31
hha No Longer a Member Join Date: Oct 2007 Location: Seneca, SC Posts: 2,837	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) Last edited by hha; 01-29-2008 at 02:35 PM.

01-29-2008, 02:47 PM	#33
cindy0721 Always In My Heart Donating Member Join Date: Aug 2005 Location: The Lone Star State Posts: 3,393	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.... __________________ Cindy & Gizmo Gizmo on Dogster *Rest in peace My Madda* *very much*

01-29-2008, 03:14 PM	#37
stedmansmommy I Love My Lil' Punkin's Donating Member Join Date: Jun 2006 Location: Stedman and Tatum's World :) Posts: 15,331 Blog Entries: 5	I heard about this a week or so ago and I hope it does happen - I'm pretty sure it will __________________ Mommy Loves Stedman and Tatum! They have us wrapped around their little paws!

01-29-2008, 03:16 PM	#38
Tiggerwit Just me 'n my boys Donating Member Join Date: Sep 2005 Location: Murphy, TX Posts: 4,596	I hope it happens too. Vegas baby!!! Whose in? __________________ "Be kinder than necessary, for everyone is fighting some kind of battle." Alphy 's Roxy

01-29-2008, 06:31 PM	#43
Ashley V ♥ Chip ♥ Smokey ♥ Donating Member Join Date: Mar 2007 Location: Leesburg Posts: 3,835	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. __________________ ~~ Chip ~~ Smokey ~*~ My heart is wrapped around their little paws Karley Marissa born 1/20/12 weighing 8 lbs 11 oz and 21.5 inches long

01-29-2008, 03:06 PM	#35
hha No Longer a Member Join Date: Oct 2007 Location: Seneca, SC Posts: 2,837	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...!

01-29-2008, 05:35 PM	#42
cheeselover8481 Donating YT 1000 Club Member Join Date: Nov 2005 Location: knoxville Posts: 1,537	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.

01-29-2008, 06:35 PM	#44
Gracie2006 Donating YT 3000 Club Member Join Date: Jun 2006 Location: Sequim, Wa Posts: 4,541	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? __________________ Gracie loves Bailey. Holly loves Tucker. Proud member of the YT Gracie Girls.