$600 - $1200? Thanks for the new parts.

[Chaos]

Originally Posted by b5driver

Probably adjusted gross income (AGI).

yes it's adjusted

[b5driver]

Originally Posted by Chaos

yes it's adjusted

Sorry, I wasn't trying to be a smart a$s (although maybe you were? ) Adjusted gross income is a term used on the tax returns to adjust total taxable income for things like IRA deductions, student loan interest, etc.

[Mudman]

I think we are being fattened up for the kill....

[dirtmistress]

Originally Posted by Red Ryder

it must be an election year or something

I'll take it though

Just some poor sap trying to save his legacy!

Originally Posted by Pain Freak

Taxpayers earning $75,000 a year or less could get rebate checks of up to $600.

I'm to lazy to read all of it, what happens if you make over 75,000?

Do we get penalized because we work our arses off?

Work your ass off?? Dude, you ride 600 miles a week? When do you find time to work?? Unless you're a pole dancer somewhere in the valley! Start at 8pm, off by 2am, sleep till 7am,ride 8 hours, eat, go back to dancing!!

[RustyIron]

If I understand correctly, it will work out to a maximum of $600 per individual, $1200 per couple, with an extra $300 per child.

The people who make so little that they pay NO income taxes will still get $300.

Many of us will receive nothing.

If both the Democrats and the Republicans want to conduct some economic stimulus, they can leave me the *@#$% alone and get their @#$* hands out of my pockets.

[dirtmistress]

Originally Posted by RustyIron

If I understand correctly, it will work out to a maximum of $600 per individual, $1200 per couple, with an extra $300 per child.

The people who make so little that they pay NO income taxes will still get $300.

Many of us will receive nothing.

If both the Democrats and the Republicans want to conduct some economic stimulus, they can leave me the *@#$% alone and get their @#$* hands out of my pockets.

yeah. And stay outta my bedroom!

[Chaos]

Originally Posted by b5driver

Sorry, I wasn't trying to be a smart a$s (although maybe you were? ) Adjusted gross income is a term used on the tax returns to adjust total taxable income for things like IRA deductions, student loan interest, etc.

wasn't trying to be one either... i just haven't had the time to read up on it til now.

from MSNBC
How Americans in different financial situations would fare under the rebate plan proposed by House leaders and the White House.
— An individual with $2,500 in earned income in 2007: Disqualified because income fell below the $3,000 threshold. No rebate.
— A married couple with no children, with adjusted gross income of $100,000 in 2007: Would qualify for the full $1,200 couples. A $1,200 rebate.
— A worker with one child, who earned $9,000 and owed no taxes in 2007: Would qualify for the $300 rebate available to individuals who pay no taxes but earned at least $3,000, plus an additional $300 for the child. A $600 rebate.
— A couple with income of $145,000 in 2007, with three children: Would qualify for the full $1,200 for couples, plus $300 for each child. A $2,100 rebate.
— A couple with income of $160,000 in 2007 with two children: Would qualify for a partial rebate, reduced by 5 percent for every $1,000 in income above the $150,000 threshold. An $1,800 rebate — $1,200 for the couple plus $300 per child — would go down by 50 percent for this family. A $900 rebate.
— A couple with income of $200,000 and four children: Disqualified because their income exceeded $174,000, the phase-out limit. No rebate.

[Seat Sniffer]

I could definitely use the $600, but I don't have any kids that I know of. Is there somewhere I can cross refernece my DNA to that of potential snifflets?

[el_d00der1n0]

Originally Posted by Seat Sniffer

I could definitely use the $600, but I don't have any kids that I know of. Is there somewhere I can cross refernece my DNA to that of potential snifflets?

somebody, somwhere is hearing the sniffle-sniffle of little snifflets.

[danlorek]

yeah, economic stimulus, ha! the reality is, most of us are just going to spend our money on goods, right? the problem is, just about ALL of those goods are made elsewhere and stimulate someone else's economy.

[el_d00der1n0]

Originally Posted by danlorek

yeah, economic stimulus, ha! the reality is, most of us are just going to spend our money on goods, right? the problem is, just about ALL of those goods are made elsewhere and stimulate someone else's economy.

I've heard that argument, and I have to disaggree. Unless you're buying directly from amazon.co.hk, you're paying someone for shipping and whatever overhead they have (employees etc.). The markup is usually pretty high too.

[allison]

Originally Posted by RustyIron

Many of us will receive nothing.

Sorry y'all make so much. I'll be getting a rebate!

Get a crappier job!

FWIW, if I had my choice, I'd make $75,001 as an individual and wouldn't get one at all. Unfortunately I make NOWHERE NEAR that much.

[Pugz]

I have two questions about this:
1) When do we get the money?
2) When do you have to have the child by?

[b5driver]

Originally Posted by Pugz

I have two questions about this:
1) When do we get the money?
2) When do you have to have the child by?

I believe the they expect to start issuing the checks somewhere around May or June. Also, I would assume that they will look at your 2007 adjusted gross income, so you would probably have to have had the kid by the end of 2007. I wonder if you extend your return if you will have to wait for your check until you file your return?

Keep in mind that this has only passed in the House. The Senate still needs to ratify the proposal and then the President needs to sign it into law. He has said this is what the economy needs so it sounds like he will sign it.

[FoShizzle]

Originally Posted by Pain Freak

Taxpayers earning $75,000 a year or less could get rebate checks of up to $600.

I'm to lazy to read all of it, what happens if you make over 75,000?

Do we get penalized because we work our arses off?

sorry my friend....making $75,000 or more certainly DOES NOT imply one works their azz off....certainly some do but DEFINITELY not generalizable I assure you

[station]

Originally Posted by FoShizzle

sorry my friend....making $75,000 or more certainly DOES NOT imply one works their azz off....certainly some do but DEFINITELY not generalizable I assure you

word.

[Collette]

Originally Posted by FoShizzle

sorry my friend....making $75,000 or more certainly DOES NOT imply one works their azz off....certainly some do but DEFINITELY not generalizable I assure you

ie: Pro Athletes

[el_d00der1n0]

Originally Posted by FoShizzle

sorry my friend....making $75,000 or more certainly DOES NOT imply one works their azz off....certainly some do but DEFINITELY not generalizable I assure you

I don't work my ass off. I wouldn't feel penalized if I were single anyway. If I was, I'm sure I could do just fine without the extra 600 bucks.

[FoShizzle]

Originally Posted by el_d00der1n0

I don't work my ass off. I wouldn't feel penalized if I were single anyway. If I was, I'm sure I could do just fine without the extra 600 bucks.

i certainly dont "need" the $600, but certainly wouldnt have a hard time spending it

I have 4 kids, wife just started working again (11 years off...slacker! ), think i work hard, and wont be getting the check,and will live