tax relief checks

[Zboner]

i honest to god would rather have the gov't put the money into social security or try and pay off some of that 9 TRILLION dollars in debt we owe.

[michaelinchains]

i heard whatever $ you receive as a rebate will be counted as income for 2008,& ofcourse be taxable when you file next year.

[Zboner]

i heard whatever $ you receive as a rebate will be counted as income for 2008,& ofcourse be taxable when you file next year.

yea i figured that much.

[OnEbAdReDSS]

sooo that means we pay more next time we do taxes??

[SSwt00SS]

sooo that means we pay more next time we do taxes??

WINNER!!! exactly what that means...

[OnEbAdReDSS]

screw that... i don't want the 600...

[Zboner]

just save 100 of it then and thats all you will prolly have to pay back next year

[blackout5.3]

just save 100 of it then and thats all you will prolly have to pay back next year

i done spent mine, annnd i havent even gotten an idea when it will be here, just in june maybe..now im paying taxes on a check i done spent that i dont have an idea of how much it amounted when it gets here.. wow that made no sense at all

[SSwt00SS]

here is the latest and greatest of the TAX RELIEF update:

http://www.msnbc.msn.com/id/23052292/

[0rion]

well, if that's it I lost $600 on the kids. The original bill had $300 per child. I guess it's better than nothing though.

[SSwt00SS]

well, if that's it I lost $600 on the kids. The original bill had $300 per child. I guess it's better than nothing though.

get rid of the kids...?

[0rion]

they've cost me money since showing up so another $600 ain't nothing. I'm hoping one of them becomes rich and famous some day so I can collect on debts owed. If I get rid of them now I'll never see a dime.

[SSwt00SS]

they've cost me money since showing up so another $600 ain't nothing. I'm hoping one of them becomes rich and famous some day so I can collect on debts owed. If I get rid of them now I'll never see a dime.

that's something my father would say...

but you know what, he and my mother both raised two boys. my brother is a pilot for Bombadier (Leer Jet), and I'm an Architect. we both have it on record that they agree we are the best investment they ever made.

i have no doubt your kids will grow up to make you very proud, Orion. then when they least expect it, hand them the bill...

[0rion]

it'll be one helluva bill by that time. My boy starts kindergarten next year. We're out $950 this year for preschool and if he stays in the same school that goes to $1100 next year.

[FSANE]

http://biz.yahoo.com/ap/080207/economy_stimulus.html

[Zrated]

i honest to god would rather have the gov't put the money into social security or try and pay off some of that 9 TRILLION dollars in debt we owe.

Yeah, let's face it .....the govt will have to borrow money to send out these checks which only makes things even worse. We are by foreign govts already.

[michaelinchains]

well, if that's it I lost $600 on the kids. The original bill had $300 per child. I guess it's better than nothing though.

families will receive $300 per child..hells yeah,thats $600 for me & wifey http://articles.moneycentral.msn.com...axRebates.aspx

[Stevie]

from my understanding it has been approved, single people making less then 75k a year would recieve a check for $600 and married couples would get $1,200 and then 300 per kid up to 4 kids, but im not 100% on that

so what year's txes is this based on??

[0rion]

so what year's txes is this based on??

They're using this years (2007) income numbers and if you paid taxes in 07. Also, from what I understand it's going to effect next years taxes some . It's not so much free money as it is a semi-loan on next years taxes from yourself. Remember the last time this was done? 01 I thnk? Going to be the same way. You'll have to file it as income next year and get taxed on it again too. The saying still stands " If it sounds to good to be true then it probably is." or "Nothing in life is free." or " It's a dog eat dog world and I'm wearing milkbone underwear." Ok, well the last one doesn't apply. I just wanted to throw that one in there.

[MagicMan]

i honest to god would rather have the gov't put the money into social security or try and pay off some of that 9 TRILLION dollars in debt we owe.

We won't see a dime of SS when we are of age so putting it there is a BAD idea.