2008 Tax Rebate Stimulus Package Explained

grodge responds:
Posted: January 25th, 2008 at 8:40 am

This is pure BS. Families making six figures get borrowed tax dollars to spend on useless crap they don’t need.

Time to get back into Chinese stocks and add to my gold pile since the US dollar will be increasingly worthless.

Dan responds:
Posted: January 25th, 2008 at 8:49 am

Maybe a typo or maybe I missed something. The “couples” numbers are per person, not per couple? I can’t see how a married couple with no kids would get $1200 otherwise. The “Couples” section says $600.

jim: Whoops! Yeah, it was a typo, thanks!

Chrs responds:
Posted: January 25th, 2008 at 8:54 am

How is “income” determined? By your AGI? If your gross is , say $160,000 but your are taxed on $140,000 due to 401(K) and other taxable reducing items, what do they regard as income?

Jeff responds:
Posted: January 25th, 2008 at 9:05 am

How is your income determined? Is it by your 2006 tax form? 2007? Actual income as of today? I got promoted not too long ago and depending on what they use I either qualify for the full amount or a reduction.

Lynnae @ Being Frugal.net responds:
Posted: January 25th, 2008 at 9:08 am

Whoa! So it’s $600 per person for a married couple? What if one half of the couple had no income? But we did file jointly.

Happy New Year to me, regardless! Bye bye credit card debt!

wanzman responds:
Posted: January 25th, 2008 at 9:09 am

I have heard 2 different stories. Some people say this will be based on 2006 tax returns, and some have said it will be based on 2007 tax returns that we have yet to file. It seems that if it was based on 2007 returns, that would delay the checks, because they will not have everyone’s information until April 15th, and even then, some people will file for extensions.

I have personal interest in thsi as I started my first full time job in 2007 and will greatly benefit if, in fact, it is all based on the 2007 tax returns we are about to file.

Can anyone provide a link that will finally clear up the confusion on which tax year the rebates will be based off of?

Phil responds:
Posted: January 25th, 2008 at 10:08 am

Two things:

1. The only reason why Washington is even talking about this is because (a) they want to be seen as “doing” something about the “problem” of a stock market that _had been_ in free fall and (b) the politicians — on both sides of the aisle — honestly think that Washington must necessarily always do something about anything that flashes across the 24/7 news networks.

2. The “stimulus” package will help individuals in the short term, but that’s it — and that assumes that nearly all individuals will immediately turn around and spend the rebate (hence, getting themselves back into potentially indebted situations that make some individuals salivate over getting _their own money_ back from the government to begin with!).

In the long term, the US must absolutely consider some dramatic changes in the way that we tax and regulate all aspects of our economy. After all, nobody got a job from a poor person, and it is _always_ the “evil rich” who provide the capital (capitalism) to create businesses that create jobs but who simultaneously get brow-beaten by various politicians for doing exactly that.

glinka responds:
Posted: January 25th, 2008 at 10:47 am

What about retires? I have income of 36,00 (pension). I am a taxpayer. But is it considered earned income?

A responds:
Posted: January 25th, 2008 at 11:20 am

Is this rebate based on 2007 income (taxes paid in 2008), or 2006 income (taxes paid in 2007)? Also, if there is one earner and one homemaker within a married couple, do they still qualify for the $1200, or does each have to have maid at least $3000?

Projoe1979 responds:
Posted: January 25th, 2008 at 11:24 am

What if you had a kids in the last two weeks? We just had twins so do I get an extra 600 for them? Probably not is my guess.

Mark responds:
Posted: January 25th, 2008 at 11:48 am

I did not see any mention of head of household. How will they treat head of household with two dependents?

RacerX responds:
Posted: January 25th, 2008 at 12:45 pm

There is a float on the income levels per child in home. So if you are at the $150K cap, but you have 3 kids there is relief up to the $174K level.

Re: people with 6-figure incomes…frankly they paid their taxes, and should be able to get it back. You could nake the negative case for someone making $3500/yr getting $300 when they didn’t pay ANY taxes…

MoneyNing responds:
Posted: January 25th, 2008 at 12:55 pm

They should just lower the tax rate so everyone will benefit!!!

In any case, once the bill is passed, we will have more information I assume. They are saying that checks will go out as early as May or June, so maybe it’s based on 2006 income?

This is important to me since I will get $600 if it was based on 2006 and $0 if it was based on 2007!!!

JFaye responds:
Posted: January 25th, 2008 at 1:15 pm

The checks are ‘prebates’, which means they are rebates on taxes that you will pay in 2008, with the estimate based on your 2007 income. If you end up making more in 2008 than in 2007, and therefore receive what would technically be an overpayment, you don’t have to worry about it—you will not have to pay it back next year. If you have new dependents that you are adding in 2008 that don’t show up on your 2007 taxes–a new child, or a change in status from single to married–you will be able to claim whatever extra prebate you don’t receive this year as a tax credit on your 2008 taxes.
I haven’t been able to find any information on head of household, but I’m assuming that the income cap will be a little higher than that for individual taxpayers; also, the per child credit will probably only apply in cases where the dependents on your taxes are under 18. But I haven’t been able to find anything concrete to confirm this so far.

adfecto responds:
Posted: January 25th, 2008 at 2:32 pm

At first when I read about this stimulus package based on rebates I was immediately skeptical and assume it would be a Bad Idea (TM). However, when I did the numbers it turns out that it isn’t such a bad deal after all. This is because the US government is effectively borrowing money at a very low rate (approx. 4.36%) to return it to the economy which will almost certainly produce a higher return on the capital. Our government bonds still fetch below market interest rates and that is what makes this deal actually help the economy.

What this plan will not do is cause a long term improvement in the US economy. It will prop up spending for 1-2 quarters, which if we are in or have a real recession (2+ quarters of GDP contraction) this won’t fix it. I am not a fan of running regular and prolonged budget deficits (governmental or personal) but utilizing our governments good credit rating to fuel money to cash strapped consumers is based on valid economic and finance theory.

This is a shameless plug, but I’ve written a more extensive look at this topic so if you are interested check out my blog.

JMoney responds:
Posted: January 25th, 2008 at 3:07 pm

Let me summarize for everyone. I will not get a break because of the 75k cap, but I’m going to give some deadbeat that only half-ass works $300 to go buy a bag a weed and sit on the couch. ( And if this deadbeat has two kids, $900 for weed.) This countries turning into a complete joke.

edward r sanders responds:
Posted: January 25th, 2008 at 4:00 pm

Is this rebate bill making the same distinction between “earned income and unearned income” that the IRS does? as in the unanswered question @10:45A M — pensions or investment income?

PDavidN responds:
Posted: January 25th, 2008 at 4:16 pm

JFaye - Please clarify:

If I understand JFaye correctly, the checks that will be send are prebates against taxes due in 2008 (based on earned income in 2007). As the IRS won’t have time to process that data, they will issue checks based on 2006 earned income reported on tax filings in 2007. Excess payments don’t have to be refunded, but changes that benefit individuals will be processed as an additional rebate on their 2007 taxes (due April 15 2008). That would be a win-win situation for those (Jeff, wanzman and others) who wouldn’t qualify based on either 2006 or 2007 income but do qualify based on one of those two years.

Is this correct? Can someone please clarify (and if possible direct me to a website with the text detailing the rules). Thanks.

OLSON responds:
Posted: January 25th, 2008 at 4:23 pm

This stimulus package needs some serious help!!!!! Don’t get me wrong, we definitely need something, but people who don’t pay taxes, should NOT recieve a “tax” rebate!!!!!! A tax rebate should be a rebate to those who have contributed to the tax system. Hence the name “tax rebate”. Also the income cut offs are plain stupid. The people who feel the crunch right now are middle-class American citizens and families. People who make somewhere between $40,000 to $150,000 are getting the stink of democratic policies. I am all for helping people who deserve the help, but the democrates need to remember that the middle class families are the ones who put the money into the system to support their social services. What happens when the middle-class citizens get fed up with paying high taxes, “taxation without representation”, and recieve no credit from their own government?

If there is to be any rebate, the rebate should go to those who acutally put money into the tax system!!!!!!!!!!!!!!!!

PDavidN responds:
Posted: January 25th, 2008 at 4:28 pm

I just read this on MarketWatch:

“The rebates would be based on taxpayers’ 2007 tax return. Those who file extensions or file late would likely receive their checks later than regular filers, according to a U.S. Treasury spokesman. The checks will be sent out automatically; you don’t need to apply.”

If this is correct it is based entirely on 2007 earned income from tax filings due April 15 and the rebates will go along with (or shortly after) the regular tax refund checks. MoneyNing and Jeff would be out of luck, but wanzman would get his rebate.

http://www.marketwatch.com/news/story/stimulus-package-means-family-five/story.aspx?guid=%7B4454B388%2D810A%2D4F03%2D9E29%2DCFB6D9601533%7D&dist=morenews

wanzman responds:
Posted: January 25th, 2008 at 4:39 pm

Posters above saying that the tax rebates will be “prebates” and will come out of any 2008 refunds are incorrect.

All of the news articles clearly state that this will not be like the refunds in 2001. THis will not affect refunds for 2008, and the rebates received this year will not be taxable.

Please do not post speculative information, get your facts straight.

PDavidN responds:
Posted: January 25th, 2008 at 4:53 pm

OLSON,

To clarify - this is a “stimulus package”, not a tax rebate. They are calling it a rebate only so that they can run it through the IRS and get the money out there quickly. As stimulus, it would have been even faster if they’d gone with extra welfare checks and food stamps (could be done in 30-60 days), but that would only work for the low end of the income scale and create its own economic distortions.

The only people who really lose out are those with household incomes above 150k, but the government doesn’t want to been seen giving out money to the very wealthy, so they had to draw the line somewhere. We have the good fortune, after all, to live in a country with a progressive tax system. Also, those earning under 3k/year get less or nothing at all - in other words this is a stimulus package aimed squarely at “middle class” Americans who have jobs but don’t make “too much” money.

As I understand it, 401(k) and other deductions are subtracted prior to determining income, so that means that the 150k cut-off is actually rather higher.

PS Just so you don’t think I’m speaking as someone who is greedily looking forward to my piece of the pie, I should note that I won’t be getting a rebate as my wife and I enjoy jobs that place us above the threshold. We’ll be paying a lot in taxes for rebates to go to those under the 150k limit. And I’m okay with that - it’s basically the price for living in a progressive and fair-minded country. I don’t want to live in a country driven by personal greed and avarice where we begrudge the less fortunate a helping hand - there is plenty of the world like that and I surely hope we never go that way. I would be happier with a balanced budget and a president who wasn’t spending the country into bankruptcy, but politics change, and I can certainly hope that the next man or woman who occupies that esteemed office will do a better job of fiscal management.

terry wallace responds:
Posted: January 25th, 2008 at 4:54 pm

what if you have children under 18 and do not work, do you still get a tax rebate

terry wallace responds:
Posted: January 25th, 2008 at 4:55 pm

what if a person does not work/say a single mother and has children, do they get a rebate

PDavidN responds:
Posted: January 25th, 2008 at 4:56 pm

The “rebates” should not be taxable - at least at the federal level. They are not classified as income. States can tax this as income if they choose, but in the past they have not done so.

PDavidN responds:
Posted: January 25th, 2008 at 4:58 pm

Here are some preliminary scenarios provided by Rep. John Boehner, R-Ohio that have been in the press:

Example: John Doe had a job for part of the year, earning $9,000. He has custody of two children. He owed no federal income taxes for 2007. Under the proposal he would be eligible for a base amount of $300 for himself (because his earned income was at least $3,000). His earned income would also be sufficient to get a $300 children’s bonus for each of his two kids, for a total rebate of $900.

Example: Mr. and Mrs. Jones have five children. After taking available credits and deductions, their 2007 taxable income was $95,000, leaving them with a federal income tax liability of just over $16,600. Under the proposal, they would get the full base amount of $1,200. They would also qualify for a children’s bonus of $1,500, bringing their total check to $2,700.

Example: Mr. and Mrs. Senior are retired. As a result of their investment income, the couple paid $4,000 in federal income taxes in 2007, meaning they would get the full base amount of $1,200. They had no dependent children, so there is no children’s bonus.

Example: Mr. and Mrs. Ipo have one child. They were able to retire young but still collect dividends and capital gains from a business they sold a few years ago. The couple paid $19,000 in federal income taxes on that income in 2007. They would therefore qualify for the base amount of $1,200. They would also qualify for a children’s bonus of $300, because they paid at least $1 of federal income tax in 2007 (even though they had no earned income), for a total check of $1,500.

Example: Mr. and Mrs. Withers are lawyers, with a combined income in 2007 of $300,000. They have four children. Their income is too high to qualify for either the base amount or the children’s bonus. They would not receive a check.

adfecto responds:
Posted: January 25th, 2008 at 5:27 pm

I really hope that Rep. Boehner is correct in stating that the income limits will apply after deductions such as 401(k) contributions, and that a rebate will be paid in full to those who have investment, pension, and retirement income which resulted in a tax liability (but may not have earned income). I would be mad to see people punished for saving and hard work. The middle class and retirees IMHO will put the money to best use in furthering the economic interests of our country and could probably use a boost. That goes hand in hand with the fact that I am fine with the top income brackets being left out of this plan, but also including those who have earned income but did not have a tax liability. If those at the top pull for trickle down economics, I’d say that trickle up is more realistic because those folks will spend 100% of the rebate in the businesses owned by those who seem to be “left out” of this plan.

Jim responds:
Posted: January 25th, 2008 at 5:52 pm

I have read almost every example except the most obvious. What about good ole fashion dad works and mom takes care of the kids? One income, over 75k but under 150k. Who gets what? Is it dad nothing because he is over 75k and mom nothing because she is under 3k or what??

ed responds:
Posted: January 25th, 2008 at 6:17 pm

Jim, Are they really old fashoned and a married couple filing jointly? If so they are a couple and $1200 plus kids portion.

sid responds:
Posted: January 25th, 2008 at 7:59 pm

My wife and I did not work last year as we are retired senior citizens. We paid income tax on financial investments, will we be entitled to a rebate. we earned over $3,000.

brando responds:
Posted: January 26th, 2008 at 1:09 am

What if you are under 18, and have had a job for the past few years? I am 17, claimed as a dependent under my parents. From what I heard, my parents would just get $300, and me nothing, even though I pay taxes, but this area is very blurry!!! does anyone really know yet?

cs responds:
Posted: January 26th, 2008 at 1:59 am

I have two dependent children, one 18 and one 20 who is disabled. The 18 year old has a part time job but is still in high school. Will I receive a rebate for these two children? My income qualifies for me to receive a rebate on children but am unsure if this includes my situation.

Aaron responds:
Posted: January 26th, 2008 at 5:48 am

I’m self employed, if my earnings fall within the described limits do I still qualify?

Chris responds:
Posted: January 26th, 2008 at 6:18 am

Ok I am married and just had a child this year! Last year we got an $80 rebate on our taxes. Would that mean that we only qualify for the $600 for us and the $300 for our child and not the full $1200???

mikeg responds:
Posted: January 26th, 2008 at 11:52 am

What about 29k and my wife 10k….what would we get back and how much should I take before my wife knows it

mikeg responds:
Posted: January 26th, 2008 at 12:07 pm

with no children

Tom Hanks responds:
Posted: January 26th, 2008 at 2:19 pm

The question about a wage earner that paid taxes but is claimed as a dependent on his parents 1040 is a valid one effecting a lot of students…..would they still qualify for the individual rebate or is this a “double dip”?

Mike McCarthy responds:
Posted: January 26th, 2008 at 2:44 pm

If the single parent doesn’t qualify, then the dependent children also get nothing?

Parenting is a full time job with real value (haven’t we already agreed on that?)

I pay lots of taxes — sales taxes, gas taxes, taxes on utilities, property taxes, and more. I just don’t pay “income” taxes.

I understand, then, that I personally do not qualify for any rebate.

I think my children should get their $300 even if I don’t qualify.

Bill responds:
Posted: January 26th, 2008 at 2:58 pm

I know this is a ‘personal’ finance blog, but you and most others are only focusing on the stupid checks (maybe that’s more to do with web traffic strategy). This is small picture stuff.

The only real benefit to this “stimulus package” is the raise of the mortgage ceiling. Funny thing is, this could be done w/out costing the tax payers 150 billion.

$600 is not going to even come close to the drop in net worth that many will experience in 401ks alone…that’s big picture.

Mike McCarthy responds:
Posted: January 26th, 2008 at 3:09 pm

You have no idea what I’m “focusing” on, big picture or small picture.

If you want to talk about net worth and 401K values, then don’t sweat it. The drop in the market will pass. You should be diversified and be scaling back risk as retirement approaches. If you are, then mortgage ceilings and perturbations in the DJIA are irrelevant.

berneita ellis responds:
Posted: January 26th, 2008 at 3:49 pm

as 2 married retired senior citizens, we have not paid any taxes for at least 2 years as our total income is all ssi and less then $29,000.00 per year. Will we get anything. I’m guessing not.

evm responds:
Posted: January 26th, 2008 at 5:38 pm

If PDavidN is correct above, and his quote of the MarketWatch article -see the link above - where Rep John Boehner R-Ohio stated that this is based on “2007 taxable income” (which equates to the returns we are all now preparing, and which are due to the IRS by Apr 15, 2008) turns out to be factually correct (the same article quotes a Treasury Dept spokesman as stating that the rebate is based on “2007 tax returns” and that late filers and those taking extensions will have to wait longer for their rebates, which indicates to me that it is in fact based on the returns we are all now preparing to file with the IRS by Apr 15, 2008), then I may be out of luck on this rebate.

In 2007 my wife and I were fortunate enough to both have good paying jobs and we grossed about $200k. Even after we factor in our significant deductions - particularly our mortgage interest and real estate taxes - our taxable income may be just above the $150k threshold. We have two young daughters, but I think if we cross the threshold of $150k in “taxable income” that we get nothing…or is there some type of phased prorated rebate above that threshold?

The same article, however, referenced the AGI as the measure which the $150k threshold is compared to. AGI (adjusted gross income) is BEFORE deductions like mortgage interest expense and real estate taxes. AGI is usually greater than your ultimate “taxable income”. If that’s the case, then we really have no chance of getting any rebate…not even if they phase it.

Does anyone know for sure if it is AGI or Taxable Income that will determine eligibility?

Also, if the MarketWatch article turns out to be factually INcorrect, such that rebate checks get processed based on 2006 income (which we all filed a return for already last year), then my wife and I may actually see a benefit. I was actually unemployed for all of 2006 so our AGI and Taxable Income were both well below the $150k threshold. During 2006 we had a 4 year old, and we had a new baby in Oct 2006, so we would like to think that we would receive the full $1,2000 as a couple and the additional $300 per child…so a total of $1,800.

Would anyone like to venture a guess at what you think we may or may not get from this rebate? If we get nothing, then so be it, we are fortunate to be working and making a good living, but if something is coming our way, I can assure you it would be put to good use.

We, like so many others, got caught up in the real estate frenzy (in South Florida no less), but we got in too late (in 2005) just before the housing market started to fall like a house of cards. We had 3 investment properties back then and we recently sold one of them and realized a net LOSS of $75,000. The other two are just sitting there waiting for anyone to come along and buy them at a significant discount (i.e. another big loss for us).

This is the first time I have ever contributed to a blog so I hope to continue the dialogue. I hope to hear back from all of you soon.

Thanks

JWebb responds:
Posted: January 26th, 2008 at 6:03 pm

I file as head of household who works full time (I would meet the $600 rebate criteria), but am also sole caregiver of an elderly mother with senile dementia who I have claimed on my taxes as my dependent for years. Question: Does the $300 rebate apply to children only or claimed dependents in general?

Ryan responds:
Posted: January 26th, 2008 at 7:57 pm

Honestly, $150,000 is a bit rediculous. They should just give more money to everyone who owes a home and didn’t even clear $20,000 this year.

Armelle responds:
Posted: January 26th, 2008 at 7:59 pm

I am divorced and I am the head of household with one child left at home. I was nice enough to let my non physical custodial husband to declare our last child under him every other year as he pays child support. This year it is his turn to have him on his tax return. Does it mean I will not qualify to the $300 per child and he will?

Bill responds:
Posted: January 26th, 2008 at 8:51 pm

MikeMcCarthy,

I wasn’t singling you out just because I posted below you. Regardless, your only comment in on this blog entry is focusing on the check portion of the package (unless I missed a paragraph).

Mike McCarthy responds:
Posted: January 26th, 2008 at 2:44 pm
If the single parent doesn’t qualify, then the dependent children also get nothing?
Parenting is a full time job with real value (haven’t we already agreed on that?)
I pay lots of taxes — sales taxes, gas taxes, taxes on utilities, property taxes, and more. I just don’t pay “income” taxes.
I understand, then, that I personally do not qualify for any rebate.
I think my children should get their $300 even if I don’t qualify.

So based on the information provided, yeah I’d say you fall in the category of “focusing on the check”.

Also, while its true that the market will rebound (eventually), the purpose of the check is to make people feel not poor. I can’t speak for you, but when I see that big red number representing the performance of my retirement accounts this year, a $600 check isn’t going to be enough to make me want to go out and “boost the economy” by going to best buy and picking up a TV.

Jon responds:
Posted: January 27th, 2008 at 8:39 am

Are there any types of rebates for mentally disabled people who rent and don’t pay taxes? thank you, have a nice day. Jon

Onalee Flading responds:
Posted: January 27th, 2008 at 6:46 pm

I am a mother with four children, ages 7, 13, 18, and 20 who all live with me.
I was divoced in January of 2007, part of the divorce agreement was that thier dad would be able to claim 2 of the children and me the other two,

How will this effect the rebate? Can you please advise. Are the older kids still able to claim on taxes?, They both still live with me and the 18 year old is a full time student at college. Does it make a difference which children we each claim? Any advice would be greatly appreciated, as this is all new to me and a bit overwhelming.

Thank you,
Ginger

Eric responds:
Posted: January 27th, 2008 at 8:39 pm

I wish there were more details about the stimulous package. In terms of the rebate: I qualify if it is based on 2006 taxes but not for 2007 (unless it is based on taxable income and not AGI). More importantly, what is the deal with the changing of Jumbo limits on mortgages? It is sorely needed. I live in the NYC area and you cannot buy a 4 bedroom house for under $600 in a good area and school district, and houses that cost $700-800 K would cost $300 K outside of the NYC area, so it is fair and overdue that the jumbo limits should be changed in overpriced areas. What I don’t understand is the time limit of one year: Does that mean if you take out a mortgage the non-jumbo rate is ok for one year only, or is the non-jumbo rate good for all 30 years of the loan? What happens to loans in process that havn’t closed? There will be an onslought of refinancing to get the lower rates.

Mary Mumford responds:
Posted: January 27th, 2008 at 9:55 pm

Please make clear whether the tax stimulus plan is based on income earned in 2006 or 2007? Thank you

leooshkosh responds:
Posted: January 27th, 2008 at 11:18 pm

Quote by Jmoney:

“Let me summarize for everyone. I will not get a break because of the 75k cap, but I’m going to give some deadbeat that only half-ass works $300 to go buy a bag a weed and sit on the couch. ( And if this deadbeat has two kids, $900 for weed.) This countries turning into a complete joke.”

LOL at first, then realized that he is actually right!!! What a freakin’ joke this country is. Then, the first guy in the thread thinks that the people who actually pay most of the taxes are getting some kind of free gift from the poor. Oh my gosh.

jandrews responds:
Posted: January 28th, 2008 at 9:32 am

I think it is all a bunch of BS just like when congress was suppose to pass a bill to all registrants of motor vehicles for us to receive a check because gas prices were getting ridiculous and I haven’t seen or heard anyhting else about it. I say I will believe it when I get a check in my hand!!!!

j perry responds:
Posted: January 28th, 2008 at 10:12 am

These checks have to be based upon estimated 2007 figures - Right?

Seems to me that if you had a good year in 2007, you would be better off to delay filing until after you have received the rebate particularly if you don’t need to repay any overpayment.

KRETGAN responds:
Posted: January 28th, 2008 at 10:44 am

These are tax rebate checks, not money the government is giving you. It is your tax dollars that you would get back next year when you file your 2008 tax return. If you owe money not only will you have to pay that you will also have to pay back the money sent to your in May or June. What a bunch of crap! The government is soooo out of touch with the American public. Take one week of what is spent on WAR and give to Americans. That would boost economy, this will not!

E. Beals responds:
Posted: January 28th, 2008 at 11:22 am

I don’t know what everyone is complaining about. My wife and I collectively made, not brought home, $65k last year. I personally would appreciate any extra money I can get. With the economy the way it is and the rising gas prices it’s hard for us, as well as many others to keep the kids clothed and fed. If all the people whining about receiving or possibly receiving this extra refund would like to give up thier share, I would gladly accept it. The President has had his flaws, but I’m not going to whine and complain when someone is trying to put a little extra in my pocket. As for boosting the economy, it may not. If people would spend instead of save it, I believe it would help. Maybe I am wrong, but Like I said, “I’ll take the check.”

dc miller responds:
Posted: January 28th, 2008 at 1:19 pm

Being disabled on SS, Income under 50k per year,,married with an adopted child under 6yr old, will I be entitled to a incentive rebate?

MaryR responds:
Posted: January 28th, 2008 at 1:24 pm

The tax stimulus package should be for all who pay taxes regardless of income or nothing. As your income increases you pay not only a higher dollar amount, but also pay taxes at a higher tax bracket percentage.

It’s getting to the point where two professional wage earners are so penalized for earning more money it’s almost not worth one working. I make about .50+ cents on the dollar before other work related costs such as daycare, commuting expenses, etc., yet we need that nominal amount of income to pay the higher costs of food, heat, rising property taxes, etc. Those with lower income get relief in other ways as well including assistance with college tuition, loans, other governmnet assistance, etc.

I’d argue that the family earning $200,000 with 4 kids may be worse off than the a couple earning $75,000, depending on the age of the couples, their mortgage debt, their kids age especially if they are in college or daycare, where they live (state and property taxes, heating fuel costs, other costs of living, etc.)

We are all struggling, and an income breakdown is too simple an indicator to justify who should get what.

It would be better to adjust the tax brackets and overall taxes due.

JoelL responds:
Posted: January 28th, 2008 at 1:40 pm

Please clarify. Is eligibility for the rebate/stimulus based on earned income or on AGI or on Taxable Income? I understand that this is based on one’s 2007 return and that the phaseout is based on AGI. I haven’t seen a crisp answer on the eligibility determinant. Thanks.

Julieb responds:
Posted: January 28th, 2008 at 1:48 pm

Just to let some people know that those that do not owe “income” taxes do pay taxes. We are a fairly new small business that pays state, sales, propert and fuel tax as well as the full 15% of FICA. With business expenses, depreciation and a child tax credit we don’t pay much in federal income taxes but we put a lot of money back into the economy and the rebate money would be spent on needed goods and services that would really stimulate our local economy.

robert responds:
Posted: January 28th, 2008 at 1:50 pm

Why can’t the Speaker of the House stand up for he little people and have this bill changed to include people who receive only small Social Security checks. These are the people who need this money more than anyone and our so called Democrats should be fighting to include this inthe bill. Do something nright for a change.

John responds:
Posted: January 28th, 2008 at 3:13 pm

I like the stimulus package in theory, but I agree why would someone making 6 figures need extra money? Just to save it? isn’t that what the government doesn’t want to happen… Truly this might work as a STIMULUS, however it’s only a temporary fix and if you want a prolonged fix some of the tax breaks given to the billion and millionaires need to be taken away.

Chris responds:
Posted: January 28th, 2008 at 4:27 pm

Workers Compensation Question: Many injured workers in this country have no income except for their workers comp check. The money is based on 2/3’s of their annual income prior to work injury. The money is tax free. In California the disability is cut off after 104 weeks, leaving many without anything. Most of these people are struggling to keep their homes, pay rent, feed their families, pay bills. These people are not only disabled, but live in fear of the games workers comp insurance companies play. They are not deadbeats. They are not milking the system. They are good people who just happened to be injured at work.

What about these people? What kind of “rebate” will they get? These are the “forgotten” American Citizens whom the Government would rather dispose of then take care of. Who is going to speak up for them?

Mark responds:
Posted: January 28th, 2008 at 5:25 pm

I get divorced and pay child support, so, the checks I send to my ex never get deducted because of our great tax code.

A classic case of the the continuing Robin Hood mentality of our tax system.

I think I’ll just bend over and repeat the famous, “Animal House,” line; “Thwack…..thank you sir may I have another?”

Glynn Harris responds:
Posted: January 28th, 2008 at 5:27 pm

Will Social Security recipients get any Stimulus payments?

diane responds:
Posted: January 28th, 2008 at 5:30 pm

WHat happens for head of household raising 3 children on your own? I read somewhere that it would be treated as a single person. Is that correct?? Seems like you get penalized if you are single parent who is separated or divorced.

Leo Oshkosh responds:
Posted: January 28th, 2008 at 6:10 pm

I love this discussion. Boy, when the gubmint is handing out money, people come out of the woodwork to find out if “they gonna get some.”

“I collect worker’s comp….does that count?”
“I’m retired and don’t pay squat, will I get money?”
“I farted but didn’t pay any taxes….does that count?”
“I’m single and have kids, seems like I’m getting penalized…”
“I’m divorced, will I get SOME?”
“I’m a single mother who didn’t pay income taxes. Don’t you know that parenting is a fulltime job?”

All of the little piggies are crying, “I want some milky from the nipple.”

This is exactly why this country is going to hell in a fricken’ hand basket.

The only acceptable question on this website should be:
“I worked 60 hours a week on average in 2007 and paid a lot of taxes. Will I get a rebate?”
This is a good question. For once, can we reward the achievers and not the losers?

Susie responds:
Posted: January 28th, 2008 at 6:58 pm

Yes, it does seem like single parents are getting penalyzed. I am a single mom with three teenage kids. I earn over 50k by working probably twice as hard as most married couples and I have paid my taxes. However, with this new tax package I get half of what a couple would get even if only one of them is working. It is a shame that congress has forgotten families with one parent who already has to work twice as hard to make ends meet. Why not help the ones that are working hard, but still need the help? It is not just about the check - it is about the children, and giving them a a fair chance in life.

Richard A. Waltman responds:
Posted: January 28th, 2008 at 7:32 pm

i make about $15,000 per year in social security diability benifents. i also have $1200 dollars in taxable income. but i dont pay any taxes, so will i qualify for the tax rebate from the federal goverment.

Chellie responds:
Posted: January 28th, 2008 at 7:34 pm

I am a single mom(head of household) who earned $40,000 in 07 with one dependent and currently appearing to owe $800 to IRS for 07. Would I still qualify for any amount or should I get an extension, get what I am thinking I will get ????600.00???

amie responds:
Posted: January 28th, 2008 at 8:13 pm

Wanzman, you are incorrect and need to get your information correct, it has been stated that this a prebate and will reflect on your 2008 taxes, it sounds like you need to be doing some more studying on the issue, before trying to know all, google the inf. and you will see it is a prebate

Chris responds:
Posted: January 28th, 2008 at 8:24 pm

I’m sorry if I offended you Leo. I never thought of myself as a little piggy. Now I have one more bad name to add to the list that I’ve been called as an injured worker.

Just trying to get needed medical care and back to work so I can work 60 hrs a week again Leo. I worked the last 28 years without a single injury and woke up to a nightmare of a corrupted system. It can happen to anyone Leo. Your eyes will remain closed, and so will your heart, unless you walk in the shoes of those beneath you.

It must be nice to be rich and look down on all the little piggys in the world. “Judge not least you be judged.”

Brad responds:
Posted: January 28th, 2008 at 8:38 pm

Question:

#1 Where is the money for the proposed “Bush Stimulus Plan” coming from? Will it be borrowed? If so, from where/who? Will it be taken from an existing program? Will it magically be conjured up from thin-air?

#2 Will the “rebate/gift” be taxable income to be paid on next year’s taxes, or will it be “tax-free?”

Dan responds:
Posted: January 28th, 2008 at 10:12 pm

I can’t find any information on whether or not I clear for this plan. I am a college student, claimed as a dependent by my parents. I do make over $3,000 a year that I pay taxes on. Do I get a refund with this plan?

Jennifer responds:
Posted: January 28th, 2008 at 10:13 pm

I think the income cap is ridiculous. As a single woman, I earned over $87K in 2007 so according to what I’ve read, will not get a dime back despite paying over $14000 in taxes. All this while some who pay little to no (income) taxes will get a check for themselves and their kid(s). I don’t understand the couples’ limit being double the singles’. If the government is trying to help those in need and encouraging spending the money, don’t they realize that a single person has virtually the same household expenses as a couple? I guarantee that a couple earning $149K can live much more comfortably than a single person earning $75K.

While it’s not worth crying over $600, it does seem that a single person who works hard to support herself gets punished because she has actually achieved a reasonable income level.

Jon Lechich responds:
Posted: January 28th, 2008 at 11:30 pm

Just why is a retired person not getting a break on this program? I pay taxes and do not earn more than 40,000 a year and that between my wife and I. Please give me a reason. Jon

Anonymous responds:
Posted: January 29th, 2008 at 4:40 am

I have a wrist injury that prevents me from working. I was denied injury compensation because according to the doctors my injury would heal in just a few years (they said that five years ago, and I’m still injured). I was denied unemployment benefits because L&I said my injury would prevent me from being able to look for work. I made no income last year (or years prior) because I couldn’t work. I had to sell my home a few years ago, at a big loss, and I couldn’t deduct the loss because I didn’t have an income to write it off against. I’ve been screwed six ways from Sunday by this government. Now they’re saying I won’t get ANY rebate money because I made too LITTLE money to qualify?!! WTF?! Apparently I’m no longer a citizen of this country, because they aren’t providing me with the necessities to live and that is a fundamental responsibility of a modern government. Well, if the government wants to get on my bad side, by all means they’ll find out what the consequences are for pissing off a brainy guy with nothing left to lose.

Oh, and all of you who are complaining about how you should get more money back because you paid more in… I doubt you’ve suffered as much as anyone with a lower income, and you probably put in less physical/mental effort in your work than people earning far less than you. Life has left you selfish and spoiled (and probably stupid), and you deserve nothing but higher taxes.

Anonymous responds:
Posted: January 29th, 2008 at 4:52 am

Wrist-injured guy here… for clarification on my previous post… the statement “they’ll find out what the consequences are for pissing off a brainy guy with nothing left to lose”, doesn’t refer to physical violence. Rather it refers to me taking all my brainy ideas out of this forsaken country into a different country, where that other country can financially benefit from those ideas. America is going to be left with dullards as it keeps mistreating the smart people.

Anonymous responds:
Posted: January 29th, 2008 at 5:19 am

I wish you cry babies that make 6 figure incomes, stop bitchin’.
If there were and huge down turn in the economy i.e. depression 1929
most of you would jump off a tall building to your death. Most of the
lower income people are survivors and would weather a depression or
prolonged recession far better than you cry babies. The way I see it,
the more money you make i.e. 75,000, 100,000, 200,000 or more have
more of your material things to protect and need to pay to protect it.
You cry babies go on your vacations, buy your new cars, houses, jet skies and
the like, then complain when you don’t get a small in comparision to income
a 600 or 1200 rebate check. Damn, give me a break, most of those lower income people are the ones wiping your snotty nose and asses, cleaning
your hotel room and building your large house that 20 people could live in.
So I say again you so Called Over Payed Twits that never worked a hard
day in your life “Pay up or Police your own streets and get rid of your own
trash….

Lisa responds:
Posted: January 29th, 2008 at 7:59 am

I didn’t have to pay any federal taxes this year but every year I pay self-employment taxes. Because I do pay some form of taxes, does it qualify me for the $600 instead of the $300?

Caroline responds:
Posted: January 29th, 2008 at 9:23 am

To all those people upset that they do not get a rebate because they are over the $87k cut-off: Call me. I will gladly trade you my $25k job for yours so you can benefit from the stimulus package. I would rather have the extra $50,000 a year in income than the one-time-only $600, even if I do have to pay taxes on it.

Leo Oshkosh responds:
Posted: January 29th, 2008 at 9:29 am

Note to Single Moms:

1) Maybe you should have married before you had kids OR
2) Maybe you should have not gotten divorced OR
3) Maybe you should have picked out a better man on the front end OR
4) If your husband died, Maybe you should have gotten better life insurance.

Quit your crying. This is a TAX REBATE. THAT MEANS IN ORDER TO GET MONEY BACK, YOU MUST ACTUALLY PAY TAXES. GET IT? IT IS A REBATE. IT IS NOT “FOR THE CHILDREN”, “POOR”, “HOMELESS”, “SINGLE”, ETC. IT IS FOR THE TAXPAYER.

Doris responds:
Posted: January 29th, 2008 at 10:02 am

Here’s and idea, why doesnt everyone get there finances in order so you dont have to freak out if you dont get the extra money. A great use for the money? Go to school to get a better job! and then you wont have to depend on a measly $600. Sorry that sounds cruel, but the majority of society in debt today is due to buying too much THINGS on credit like tomorrow will not come, but tomorrow does come.
We live in a “got to have it now society” “got to have a big fancy ______(car,house,clothes,stereo,TV, etc)”. IF YOU CANT AFFORD IT DONT BUY IT!
in my parent days (the 60/70’s) they budgeted their money until they could afford things.

For all you financially responsible people out there, good job! It will pay off big time. For all you people who other people have put you in a bind, sorry i hope that you will get back on your feet.

Spend you $600 wisely.

simple saving money ideas:
pack a lunch every day!
skip the take out dining!
clip coupons!
wait for sale!
cut up all you cards except for one!
change your own oil!
there are many more, just get creative!!!!!

Anonymous responds:
Posted: January 29th, 2008 at 10:20 am

Most single moms get a “tax rebate” every year on taxes they don’t pay, just because they don’t earn enough and they have kids. This rebate should only be for people who pay taxes. And no you shouldn’t get to count an extra person who isn’t there in your household, he can’t be counted twice and you know that he has most likely paid his fair share of taxes on an income that he didn’t recieve because of child support.

You know what makes me sick is I’ve heard some single moms asking if this rebate could be used as income for child support or if they could take it for arrears!

Greggy V responds:
Posted: January 29th, 2008 at 10:29 am

Caroline:
If you just make $25K/year I don’t think that 600.00 is going to solve much of your problems anyways. What you are going to do, take it and spend it in Chineese merchandise at Wal-Mart? If you want a better job, go back to school and stop complaining about your situation. You are where you are because of your own decisions.

Leo:
I am a widowed father of two (16 and 13 y.o.) and I make 103K in the Washington D.C. area where the cost of living is extremely high. In addition, I paid a crapload in taxes to both the Federal Government and the state of Maryland last year. From ACCRA, you will find that the 103K in DC is equivalent to making about 54K in the Appleton, WI area (close enough to Oshkosh) given the cost of living. Just a thought for you to work on.

Sure, $600.00 or $1200.00 is not going to grant me instant happiness, and I will probably use it to pay off a balance on a credit card. About your stupid comment on single moms, dead and relations are somewhat out of our control. A life insurance payment is not an instant windfall of money like you have won the lotto.

Veronica Kinnett responds:
Posted: January 29th, 2008 at 11:17 am

I heard that if your child is 15 or over you don’t the the $300 for this child. Is this correct?

Kristi responds:
Posted: January 29th, 2008 at 11:30 am

There has been alot of comlaining on this forum and it is very sad. My husband was injured at work mid year last year resulting in back surgery. His income has been cut in half and we are now going paycheck to paycheck. We paid in our taxes but not for the entire year, so how dare you put us down because he can’t work 60+ hours a week. What my husband has been forking for for 6 months is when he can go back to work, but because he only paid taxes on half a year’s income he may not get a rebate check. Yes it would maybe help us get ahead but I’m not going to cry if we don’t get it. If you want to complain about the stimulus package fine but quit putting people down because one day you may find yourself in one of these situations.

cid fits responds:
Posted: January 29th, 2008 at 1:19 pm

no one person that worked is any more deserving than another. i think everyone who paid taxs should be able to recieve a prebate that is based on the amount of taxs they paid in. if you think that because you work more, you work harder, your an idiot. i would love to see any of you 60 hour a week 100k a year desk jockies try a 40 hour week an mcdonalds or some other equally low paying job. bet you wouldnt sign up for a second week.

the best part is all you rich assholes who dont want the lower income people to get any money, the people who build all your shit, make all your food, park your expensive cars,clean your offices and bathrooms, BABYSIT your spoiled kids, these are the people who you dont want to get xtra money, not just potheads on the couch. and even so why does it matter if the potheads get a little xtra? that gonna hurt you? are you having to pay any xtra?

Anonymous responds:
Posted: January 29th, 2008 at 2:14 pm

Everyone that did pay federal income taxes will get a rebate except for the rich! That really isn’t fair to them because they did pay. The people who are getting this is pretty middle class. Do you really think that a family of four earning $100,000 is rich? As your income goes up you are taxed at a higher rate plus you lose out on a lot of tax breaks.

Anonymous responds:
Posted: January 29th, 2008 at 2:22 pm

cid fits your an idiot! My husband earned 95,000 this past year working in steel construction, sometimes working 12 hours a day 7 days a week. Right now he is working 10 hour days 7 days a week. Not all high earners have a desk job. You probably wouldn’t last one day on there!

cid fits responds:
Posted: January 29th, 2008 at 3:07 pm

actually im a welder, i work 8 to 10 hours a day, 5 to 6 days a week, and take extra work in my garage on my days off.

anyways your statement doesnt really argue any of the points i mentioned. so what if your husband works alot, are you saying he is more intitled than someone who doesnt? are you saying anything? write something arguable.

and to the other anonymous who asked
“Do you really think that a family of four earning $100,000 is rich?”

i think they are alot better off than a family of 4 earning $50,000, or $20,000.

i need this more than you do responds:
Posted: January 29th, 2008 at 3:49 pm

is that 3000 per month?..someone respond so I know …I make 20k annually do I qualify …..money minds respond

Greggy V responds:
Posted: January 29th, 2008 at 4:46 pm

I am with Jim on this one. This is not about making social justice and equality, this is an economic stimulus package. Part of the issue right now is that the credit markets are tight, and people can not borrow money against their homes the same way as they did before. To keep the economy from collapsing, the government is expecting that this money will allow the population to incur in some expenses that otherwise they wouldn’t.

The 3000 threshold is per year. For Cid Fits… the more people have money to spend, the more business it will drum up for every one, including welders. Is there a question that someone with kids making 100K is better of than someone making 50K with kids? NO, there is no question there. The real issue is, if the 100K person should not get the money if the money is to be spent and therefore helping everyone by doing it.

John R responds:
Posted: January 29th, 2008 at 4:54 pm

Is the 150K income limit total income or taxable income?

dlw responds:
Posted: January 29th, 2008 at 5:07 pm

Two families of three earning the same money may get very different rebates under the plan approved by the house.

A family of 3, one spouse working, one spouse at home, and one child, with an AGI of 100k will get a $1200 rebate.

Another family of 3, one adult working, two children, with the same AGI of 100k will get NO rebate.

Both families will shoulder the burden of the $150B debt being created by the rebate checks, yet the single parent family is going to get nothing. I sure hope the Senate can do a better job than either the President or the House have.

LARRY ARMSTRONG responds:
Posted: January 29th, 2008 at 6:03 pm

Is this just a Tax rebate in advance? Is it Just free liquid cash?

Mary responds:
Posted: January 29th, 2008 at 7:15 pm

I am a little confused about the whole tax rebate thing. I am a college student who pays for my schooling, rent, and other necessities, and barely making it. However, my parents can claim me as a deduction because I am a full-time student although they have paid nothing towards my education or living expenses in the past 4 years.

So my questions are these:

1. If my parents claim me does that make it so that I am not eligible for the rebate? Would it be better to claim myself?

2. There are varying opinions on whether it is a rebate, a prebate, and as to whether the amount is taxable in for 2008. Is there anywhere that states what it really is, and how it will affect my taxes/rebates in the future?

Angela responds:
Posted: January 29th, 2008 at 10:11 pm

link

This is a calculator to roughly figure the information.

The senate is proposing some changes that include retirees, which would decrease the house’s proposal. I am for it, if it means helping the retired.

The calculator is based on the 300, 600, 300.

There is a phase out too.

Angela responds:
Posted: January 29th, 2008 at 10:23 pm

I work full time , and my husband works full time our agi was 52k. We have 3 kids. From what I figure we will get 1500 (under the current proposed plan). We had tax liability, but the child tax credit wiped that out. So we did not physically pay taxes.

Emily responds:
Posted: January 29th, 2008 at 10:26 pm

So here’s my question…I just graduated college and my 2007 income was $9,000. I usually let my mom claim me as a dependent because it has no bearing on my refund. If I am claimed as a dependent will I still qualify for the rebate since I meet the requirements?

Justine Hill responds:
Posted: January 29th, 2008 at 10:47 pm

I am retired from the state, now self-employed, paying taxes from net profits
from my business to IRS. I think I should get $600.00. Widow, no kids under 18.

Jacket Girl responds:
Posted: January 30th, 2008 at 2:51 am

It’s funny to me to hear the difference in people’s opinion on this. You can read a couple of sentences and tell so much. Some feel entitled….some feel owed……some who make more, feel like it’s a good thing to give to the more needy. Does anyone realize what this does to our deficit? Does anyone care about anything else but when they are getting their check or how much it will be? This really scares me. It should scare everyone that our country is in this situation. Maybe that is why they are doing this….to distract everyone from the scarry truth.

I used to think we were middle class…..after hearing everyones life stories, I think we might be in the poor catagory? Our AGI is 33,000. Oh, and yes, that is with a masters degree (for the person who said to go back to school to get a better job.) And we have 5 kids 10 and under. And we own a house and work 60 hrs a week. I think we will take our $2,100 and hide it! Does it look like we can afford to run out and throw it back into the economy? People do need to make better decision with money….including myself and especially the government. Telling everyone to run out and “Blow” this money is irresponsible and habit forming. Shame on us as Americans.

Lara responds:
Posted: January 30th, 2008 at 3:07 am

Okay,
Did anyone read the fine print? This whole thing seems to be based on our 2000 Tax Returns.

Is everyone in America so crazed for a dollar that this plan is already taking too long and the ink isn’t even dry? The IRS website doesn’t even have any information yet.

Personally I don’t want a handout from the IRS. They should spend the money to rewrite the tax law mess so that I don’t owe so much in the first place.

K. Livengood responds:
Posted: January 30th, 2008 at 3:37 am

This is for all the Leo’s!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Who are you to say what the acceptable questions are? My understanding from what I have read everyone has the same basic question, people don’t mind explaining their situtation so they will get a more accurate answer. It seems you have the same question everyone else has, “Do I Get The Rebate?” It seems to me you feel you are more entitled than the less fortunate. I don’t hear them calling you a piggy. Maybe you were pulled off the tit to soon and feel you need a little extra milk? ? ?

Alot of low income families came from low income families and did not have the oppertunity to go to expensive colleges to get the peice of paper that allows them the oppertunity to get the higher paying jobs. The lower income families are the ones who allow you to sit on your ass while they take away your trash, clean your shit of the toilets, wash your dirty underware, pump your gas, work on your vehicles and don’t forget about the house you live in or the building you work in, who do you think built it. It wasn’t the high priced contractor, it was the lower class that did the dirty work. People like myself, housekeeping, and my husband, an electrician. I was severly injured in 2006, lost the use of my hand. We can’t afford insurance so that was medical cost out of my husbands pay and no pay for me since I couldn’t work and had no workers comp. We continued to pay taxs on vehicles, property, grocery, ect. and the cost of our two kids didn’t go down. If that wasn’t bad enough my husband the end of 2006 was severly injured at work, he drove a grounding rod through his hand. He was out of work for a year, end of 2007, during that time he had 3 surgerys, requiring pins, plates, screws, and bone graphs. Dr. says more sugery to come and he will never be able to use his hand the same even said he may need to find a new line of work. His return to work is only part time light duty until he’s out again for his next surgery. Thank God for the little bit of workers comp he received, if not for that we could not have paid the medical nor could we have survied with out that small amout of “tax free” money. By the way we could not afford the surgery I needed and could not afford the extra medical cost so I did a lot of home physical therapy and even more praying and thank God I am getting stronger every day.

Guess what you ass!!!!! We didn’t receive welfare and with pins sticking out of my husbands hand he was denied disability, we received no help at all.
From a 2 income family we survied on 2/3rds of 1 income “tax free” since it was workers comp. NOT OUR CHOICE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Our children go to school every day feed, clean and neatly dressed. They still enjoy all of the sports and activitys after school. Our bills are paid, late, but they are paid.

My husband and I both have worked for 25+ years and paid taxs. We do not live above our means, we struggle day to day. But by the GRACE OF GOD and with a lot of blood, sweat and tears we own our home and vehicles and I mean they are all paid for in full. We may lose our lights but we want lose our home. We still pay taxs everyday if not on income we do on the cost of living. During all of this we HAVE NOT sat on the couch with our weed or beer and we have not wined about it. We have made do. We work together as we all should. With both of us with one hand we have gave each other a hand. The kids got a good laugh when they saw us opening a bag of chips together the first time. Together we do have two hands.

Now here’s my question “What is the government going to do long term to help every AMERICAN, PAST AND PRESENT TAX PAYER?

25+ years my husband and I have paid taxs and will continue to pay till the day we die. Where are my tax dollars when I need it? Is it my tax money that is paying for the free lunch in public schools for the mexican children? I have to pay every day for my childrens lunch. Why is it I can’t afford to pay for medical for my children but my tax dollars are paying for the ones who cross the border? I see it everyday, the free clinic is now on my street. Is our land of the free, free only if you are not an american? Free for the ones who choose not to even try at the cost of the ones who do try?

Rebate, prebate, stimulus plan, what ever you want to call it, $1,800 would be greatly needed right now, but I know I’m not getting it, and for the ones who do how will that help you long term?

Doris responds:
Posted: January 30th, 2008 at 8:57 am

MARY COLLEGE STUDNENT PLEASE READ!!!!

if you are providing all your living expenses and are a student. you can get free financial aid. To claim a dependant they have to provide 51% or more of you living expenses and this is not in your case. My son also was like you he provided for himself. but it was too late for us to look into to this. your parent need to sign a form with the college and you can get free money due to your income. Please try it, the college do not let you know about this unless you ask.

“Any member of your household who has lived with you for an entire year may count, as long as you provided (read: paid for) more than half that person’s support, Kurtz said.”

so they should not be claiming you if you are supporting yourself!!!!

on your FASFA form you do not need to shown paretns income if they do not provde for you over 51% of your support. go to http://www.fasfa.gov
or- http://www.fafsa.ed.gov/FOTWWebApp/fotw0809/WorksheetServlet?wstype=WSDEP&locale=en_US

Kati responds:
Posted: January 30th, 2008 at 1:29 pm

Leo Oshkosh responds:
Posted: January 29th, 2008 at 9:29 am

Note to Single Moms:

1) Maybe you should have married before you had kids OR
2) Maybe you should have not gotten divorced OR
3) Maybe you should have picked out a better man on the front end OR
4) If your husband died, Maybe you should have gotten better life insurance.

Quit your crying. This is a TAX REBATE. THAT MEANS IN ORDER TO GET MONEY BACK, YOU MUST ACTUALLY PAY TAXES. GET IT? IT IS A REBATE. IT IS NOT “FOR THE CHILDREN”, “POOR”, “HOMELESS”, “SINGLE”, ETC. IT IS FOR THE TAXPAYER.

Here are your answers: I was married before I had kids. I was married to a friggin COP…..he was supposed to be a better man, however the badge went to his head and he thought he could take his stresses out on my. He beat me damn near daily for the 10 years I stayed with him and then one day he turned on my the 6 year old son. He hospitalized my baby and now he walks free. Tell me what choice did I have but to leave the man. It was my childs safety and the job changes people. I now have to allow him to claim one of my 3 children on his taxes and work my a** off every day to support them on the little pay I recieve and the minimal child support he pays. Yes I want the 900 bucks in child credits from this. I don’t want him collectin 300 bucks on the son he just about killed and sees for 48 hours a month!

So please tell me why I don’t deserve a little extra money that I have paid into the tax system. I have worked and been taxed since i was 15.

Before you start thorwing crap in the wind you need to check the direction it is blowing. It might blow back and smack your sorry self in the face.

Robert responds:
Posted: January 30th, 2008 at 4:31 pm

Approximately 150 billion for the Stimulus Package…
At first, I think we all heard that the 150 billion would go to families deserving to receive it with the figures set at $800 per person or $1600 for couples. Now the new figures for the same 150 billion comes out to be $600 per person or $1200 for couples. I think the government just ripped the recipients of the pakage out of a cool 25%, that is if the current package is delivered..

Tom responds:
Posted: January 30th, 2008 at 4:37 pm

I just read that ILLEGAL ALIENS qualify and are eligible for the economic stimulus package rebate. I also just read that United States SENIOR CITIZENS do not receive anything based on social security income. This is unreal!

reberto responds:
Posted: January 30th, 2008 at 6:07 pm

I ham an herd workin man I hav come to this contry to do jobs no one else want to do I pay no much tax but i fel i should get more rebate for we are bulding this contry better.

Monica responds:
Posted: January 30th, 2008 at 6:10 pm

I think the eligibility should include 2006-2007. Due to the economic times, many people were not working during 2007 and may not qualify. I am one who had a good income in 2006, but left my job and moved for family reasons and have not been able to seek employment. I should be eligible before illegals!

Larry responds:
Posted: January 30th, 2008 at 6:20 pm

I’m retired and never collected anything from the government that I didn’t pay in to for 40 years. Message to these fools in Washington: If my lifetime of work and now my social security and investment income do not qualify for TAX REBATE, then keep your MFing grubby hands off it when it’s time to COLLECT TAXES on that same income!!! If I am treated as less than someone who collects all sorts of government welfare checks/subsidies for a lifetime of laziness, ‘gaming the system’, and just plain half-assed effort, then I vow to reduce my taxes every year until i get them to ZERO!!!

Tom responds:
Posted: January 30th, 2008 at 6:52 pm

It is true! approximately 20,0000,000 ILLEGAL ALIENS are eligible for the economic stimulus rebate while approximately 20,000,000 legal AMERICANS on social security are not. Social Security income is not considered earned income. If the legal Americans receiving social security benefits did not earn their benefits, then who did?

Frank M Jerry responds:
Posted: January 30th, 2008 at 7:28 pm

I like Gov Huckabees plan the best, eliminate personal income tax for all individuals altogether and make April 15 th a day in the past.

A tax based on your spending habits. Make Governor Huckabee the next President.

Huckabee vs McCain War or Peace !!

I like Mike !!

April responds:
Posted: January 30th, 2008 at 9:03 pm

Good Job Kati that was a great come back….I will back you up 100% and I am not divorce….happy marriage all the way and never had kids before I was married. GOOD JOB!

April responds:
Posted: January 30th, 2008 at 9:08 pm

Hey no one is giving an answer to a full time college student living at home age 18 and works (made $9,000 in 2006 and $11,000 in 2007) and pays taxes, do they get a rebate check and does the parents since they are still claiming them on their taxes get the extra $300 when they are age 18? So many people has asked these questions but no answers on this.

MICH responds:
Posted: January 30th, 2008 at 9:20 pm

Will you receive a rebate even if you owe the irs money from 06?