Stimulus Plan? $600-$1200 Tax Rebates?

[JRo]

Originally Posted by hha

Well, they've done this once before, and then the next year you have to claim what you got on your taxes..I haven't heard they passed it yet, but, in all reality, they really don't have the billions of dollars it's going to cost them to put out..It will be nice, but, in a long way, I feel it's hurting this country more yet..

I totally agree. Where is this money coming from and who is it going to hurt?

[MrYorkiecrazy]

There is no free lunch.

Milton Friedman

US economist (1912 - 2006)

[hha]

Originally Posted by celstu1

sorry, I should have posted the link!!!

http://www.reuters.com/article/bonds...26806020080129

We just re read this, it's not passed yet, the congress has to approve it and then the President has to sign off on it..Once he signs off on it, then it will be a done deal..They're sure the President will sign off on it, but, Lord only knows if Congress will..

[011011]

Us as a family of 6 and low income could use it.Last time we got some money years ago,us low income got less than our neigbors who make a heck of alot more than us,Dosent add up to me.
If we do we do if not we dont.Ours will go back into the kids probably for college for justin one less loan to pay on.
I dont want it if we have to claim it as income for next year.
usually richer you are the more you profit,and it should be the other way around... Us low income families will be using it for bills, loans,etc Not for clothes and cars and other accesories.

[Yorkiekids]

Hope it will come through, because it would really help with the bills.

[lilfoot]

If we get it we will probably spend it on paying off debt...sorry government....but I won't be putting it back in the economy....if I didn't have to pay so much for gas I would'nt have as much debt and I would be able to spend more for the economy

[scrappysmom]

mine will go to the vet for heart worm meds flea meds ,and a credit card.

[MyLadies]

I too worry, "what is the catch"? Never in history have I heard of this happening, have you? We'll probably have to pay taxes on it, of course. I'll probably need to use mine to pay my taxes...so they'll just be getting it right back. No economic boost from me in that case.

[xxmxaxrxyxx]

Originally Posted by gutu28

http://www.cbsnews.com/stories/2008/...r=HOME_3747508

Has anyone else heard about this? Do you actually think it will be followed through with?

i hope so because right now any money would help out my family...crossing fingers...

[yorkiegirl83]

We're going to owe some taxes this year, so having that will certainly help us out!

[Wylie's Mom]

I think it's almost insulting in some ways - it's like putting a band-aid on an open artery. This may help some people in the very short term - but it is not a "stimulus plan" in any way, shape, or form.

[BubblPopElectrc]

Originally Posted by Wylie's Mom

I think it's almost insulting in some ways - it's like putting a band-aid on an open artery. This may help some people in the very short term - but it is not a "stimulus plan" in any way, shape, or form.

Agreed.

While it sounds nice, it's pretty pointless.

[ARCHIE]

Rebates like this one only increase your total income you have to claim the following year
and in some cases even put you into another tax bracket.

[hha]

Originally Posted by MyLadies

I too worry, "what is the catch"? Never in history have I heard of this happening, have you? We'll probably have to pay taxes on it, of course. I'll probably need to use mine to pay my taxes...so they'll just be getting it right back. No economic boost from me in that case.

They did this a few years back, wasn't this much though, think it was like $300

[mojo]

Originally Posted by gutu28

Yea..I actually read about it on their family website..it said that they were expecting to get $4,800...

Can we count are yorkies as kids??