800+ with income tax?

[thascary1]

Republican lawmakers favor a proposal that would offer rebates of up to $800 for individuals and $1,600 for families — but only if they paid that much in taxes last year.

For practical purposes, a family of four with an income of $24,000 would receive no government payments at all, and families with incomes below $40,000 would at most receive partial rebates. But a household with an income of $100,000 or more could get back $1,600.

Almost by definition, the approach would exclude millions of people who were unemployed or living largely on Social Security. It could also bypass families with incomes as high as $60,000, depending on the kinds of tax credits they use to reduce their taxable incomes.

yeah read that too...if they do this it would make absolutely no sense at all as that income bracket is already spending the money anyways. It needs to go to below that line not over that line.

 

[REdRUM]

I paid over 2500.00 in taxes alone last year, and that's not including what my wife paid. Family of four...hmm...fuck that, give me my money.

 

[Fucky McFuckerson]

I paid nearly 5 Gz in taxes...give me my MONEy bitches!!!!

 

[Off Top]

one of my nocs came through talkin that everybody gettin 800 dollars shit. i thought she was bullshittin

i was in a bad mood and gave that bitch a look like dont even ask for a front.

 

[Gas One]

^^ lmao

 

[MaC A$$ ViC]

WE GETTING THAT FA SHO!

http://news.yahoo.com/s/ap/20080124/ap_on_go_co/economy_stimulus

 

[saladbowlking]

MARRIED, 3 KIDS, IM GETTIN PAID!!!!

 

[Mr. Nice Guy]

yeah read that too...if they do this it would make absolutely no sense at all as that income bracket is already spending the money anyways. It needs to go to below that line not over that line.

They actually say that the lower income bracket is MORE likely to spend the rebate than the upper class. Using data from previous rebates and refunds.

In terms of sparking the economy, giving the money to the lower class would be more effective than giving it to the upper class. Its a bit counter-intuitive, but backed up by hard data.

Regardless, this plus the .75% basis point cut is gonna be a bitch for inflation.

 

[thascary1]

They actually say that the lower income bracket is MORE likely to spend the rebate than the upper class. Using data from previous rebates and refunds.

In terms of sparking the economy, giving the money to the lower class would be more effective than giving it to the upper class. Its a bit counter-intuitive, but backed up by hard data.
Regardless, this plus the .75% basis point cut is gonna be a bitch for inflation.

I know read my response again thats what I said.

 

[Uzzle]

Hopefully, I get some extra cash! I'm trying to go to Hawaii for my B-day this summer.

 

[TONY206]

Thank you Bush for spending a trillion dollars on a "war". Unfortunately, that harmed our economy, but wait, you have this great response in the form of a tax credit! This will undoubtedly slow the recession this country is facing by one day and hurt us even more in the long run!

Fuck your credit!

 

[MaC A$$ ViC]

FUCK IT AS LONG AS IM GETTING A GOOD CHECK IN THE MAIL I DONT CARE WHAT BUSH DOES.

 

[saladbowlking]

Thank you Bush for spending a trillion dollars on a "war". Unfortunately, that harmed our economy, but wait, you have this great response in the form of a tax credit! This will undoubtedly slow the recession this country is facing by one day and hurt us even more in the long run!

Fuck your credit!

HATER!

 

[Gas One]

ill believe it when i see 800 extra dollars

until then i could really give a fuck what they talkin' bout

 

[DoucheBagFresh]

one of my nocs came through talkin that everybody gettin 800 dollars shit. i thought she was bullshittin

i was in a bad mood and gave that bitch a look like dont even ask for a front.

hilarious!

 

[kayvee]

changes made:

Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don't pay taxes would get $300 rebates.

The rebates, expected to go out in June, would cost about $100 billion, aides said. The package also includes close to $50 billion in business tax cuts.

~k.

 

[Fucky McFuckerson]

ill believe it when i see 800 extra dollars

until then i could really give a fuck what they talkin' bout

They will start sending the checks in May...and single folks are only gettin up to $600, not $800.

 

[KALYN]

http://money.cnn.com/2008/01/24/news/economy/rebate_timing/index.htm

http://money.cnn.com/2008/01/24/news/economy/stimulus_package/index.htm?cnn=yes

 

[fillyacup]

600 good, cant complain off it

an technically aint it our money anyways? fed tax dont give us all our shit back so really they just giving us a lil of what they took

 

[Ghostly]

i want more than 600! ill probably end up paying bills with that shit