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Originally posted by asmeone2
So, I am being taxed for billions of dollars of "economic stimulus" and I will NOT see any of it.
Originally posted by asmeone2
This was not the Rebate that would have come from paying taxes in but the Stimulus Package.
Not a tax refund--the economic stimulus. That was "printed on demand money" added to the national debt, which gets lumped onto the taxpayers.
My objection isn't so much not getting it, but being strung along for so long without getting a straight assesment of what was going on.
Originally posted by asmeone2
I just needed to rant, and get it off my chest.
Originally posted by LostNemesis
I agree with Asmeone2 on this one. Some people really down on their luck were not entitled to this.
And with kids... Makes it even more difficult. I mean, the kids cannot bring in an income, are THEY entitled to nothing that every other child is???
I have a few friends that all decided to file their taxes for the first time in years, in hopes to get their stimulus checks, only to realize once they filed, the government came looking for all kinds of backtaxes, and they ended up going into debt because of it.
Originally posted by jefwane
I still get sadistic joy from informing working people who recieved the stimulus checks that their 08 tax returns ( why would anyone loan money to the .gov at 0% interest?) will be minus the stimulus.
In April 2009 or thereabouts, when you file your taxes for 2008, the IRS will run the calculation for the stimulus rebate again. If the results show that you would have received more (due to an additional child, for instance), you will be sent the difference (or owe less on your final tax bill). If your results show that you would have received a smaller rebate, then you get to keep the difference.
To summarize, the rebate that will be sent out in May 2008 is a credit to the taxes you’ll owe on 2008 income, but it is a new credit, so you don’t have to “pay it back.”
Originally posted by scientist
don't get optimistic too quick. They may not hold the money from the next return, but they sure as hell inflated the money supply in the process, so you still lose.