that tax money from bush thing

[Flipx99 5,000+ posts]

I was under the impression it was what you paid in taxes last year(max $600 single/$1200 married) and $300 per child?

That is correct, but it is structured based on income.

 

[Flipx99 5,000+ posts]

How much was spent on the war as of now?

Honestly, I do not think anyone knows the true amount, not that it matters now anyway.

 

[delvryboy 5,000+ posts]

That is correct, but it is structured based on income.

So, 1 child, married filing jointly, 55K, paid $2600 in taxes?

 

[Flipx99 5,000+ posts]

somwhere between 1300 and 1800...I have no idea what your AGI is.

I re-read your initial post...and you are correct entirely.

 

[grizzjwill 10+ year member]

Did you file head of household?

Yes

 

[delvryboy 5,000+ posts]

somwhere between 1300 and 1800...I have no idea what your AGI is.

I re-read your initial post...and you are correct entirely.

thanks

 

[Flipx99 5,000+ posts]

Yes

hard to say really...

I am wanting to guess around $700.

If you paid no tax you would get $600...

 

[grizzjwill 10+ year member]

ok thank you

 

[w00tah 10+ year member]

Flip, you got a PM.

Morgan

 

[ace_800 5,000+ posts]

In case you've been asking/wondering, here's the breakdown of the Bush

Tax Rebate plan.

The check is in the mail

Week Last 2 digits of your SSN Receive your check by week of

1 00 - 09 July 23

2 10 - 19 July 30

3 20 - 29 August 6

4 30 - 39 August 13

5 40 - 49 August 20

6 50 - 59 August 27

7 60 - 69 Sept. 3

8 70 - 79 Sept. 10

9 80 - 89 Sept. 17

10 90 - 99 Sept. 24

For married taxpayers who filed a joint return, the first Social Security Number on the return determines the mailing date.Source: Internal Revenue Service

 

[richierich75 10+ year member]

I just posted the "official" rebate schedule in the crunk times thread.
Checks begin shipping out in late May.

This in independant of your tax filings currently due.

Whether it will help or not depends on your economic persuasion. I do not believe it will help, however, I can explain some theory that says it might.

Theory it might, Bush has his theory too that he has implemented the past 8 years - alot of good that theory has done thus far huh. The theory is that "tax credits" are INTENDED to boost the economy - the one thing that is not figured is that people's spending is relative to their outlook on the economy - when the census is the economy is strong=people will spend; when census is the economy is bad=people save. Where we are now, people will save, pay off bills, refinance and wait. The $600 average people get is not going to pull the country out of this recession, but hey I'll take what I can get. AND a fundamental thought has been missed with these tax breaks - they just added instantly $130 billion to our $400 billion deficit. Sure do love Bush's theories. I have a theory - if your grandmother had balls, she would be your grandfather...

 

[richierich75 10+ year member]

Doesn't make sense in my opinion we are what trillions of dollars in debt and the government is giving us more money that we will eventually have to pay back. Bush did the same thing a couple years ago. Now who ever gets elected after him is going to raise taxes to pay for this.

There are other smart people out there... thank goodness, thought I was the only one

 

[richierich75 10+ year member]

Who gives a shit. Shut up.

You should, cause you and I are paying for it - our great grand children will be paying for it years to come.

 

[Flipx99 5,000+ posts]

Theory it might, Bush has his theory too that he has implemented the past 8 years - alot of good that theory has done thus far huh. The theory is that "tax credits" are INTENDED to boost the economy - the one thing that is not figured is that people's spending is relative to their outlook on the economy - when the census is the economy is strong=people will spend; when census is the economy is bad=people save. Where we are now, people will save, pay off bills, refinance and wait. The $600 average people get is not going to pull the country out of this recession, but hey I'll take what I can get. AND a fundamental thought has been missed with these tax breaks - they just added instantly $130 billion to our $400 billion deficit. Sure do love Bush's theories. I have a theory - if your grandmother had balls, she would be your grandfather...

My grandmother was a hermaphrodite.