What are you gonna do with your rebate check?
01-24-2008, 09:37 PM
#31
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Originally Posted by agrazela
This is a stunt, people. It is designed to create a quick spike in consumer spending and avoid the economy meeting the "official" definition of recession. It will not bring relief to working class people, only an increase in consumer debt.
The only responsible thing to do with this rebate is to pay down any high-interest debt you have; or, if you have no debts, invest it (what in, don't ask me
)
The only responsible thing to do with this rebate is to pay down any high-interest debt you have; or, if you have no debts, invest it (what in, don't ask me
)70% of americans I think are missing the whole picture.
Its a temporary fix. Period.
I cant belieive how many people think this will actually "fix the economy" :?
however it will go off to pay my debts which i will still have at that point. debt is a bad idea during a recession/depression. Its best to go in with no debt whatsoever. You will be a step ahead most people if thats the case.
01-24-2008, 09:53 PM
#32
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Yup. Mine will be going towards bills -no toys on this. It may lead to toys later, but for now, I definitely plan on putting it towards a more comfortable financial future.
01-24-2008, 09:58 PM
#33
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im still waiting for one of my damn W2'* 
but im hoping for about $400, and it will probably go towards my credit card bill
jake youre good, as long as you dont make over $5000 you will get all of your income tax back 
you dont have to file taxes at all if you made under $600.
but im hoping for about $400, and it will probably go towards my credit card bill
Originally Posted by xDRx
I was 17 last year and didn't pay in taxes (I also have a withholding exemption)
I hope I can get it.... (crosses finger)
I hope I can get it.... (crosses finger)
you dont have to file taxes at all if you made under $600.
01-24-2008, 10:16 PM
#34
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Originally Posted by GoldenBullet
im still waiting for one of my damn W2'*
but im hoping for about $400, and it will probably go towards my credit card bill
jake youre good, as long as you dont make over $5000 you will get all of your income tax back
you dont have to file taxes at all if you made under $600.
but im hoping for about $400, and it will probably go towards my credit card bill
Originally Posted by xDRx
I was 17 last year and didn't pay in taxes (I also have a withholding exemption)
I hope I can get it.... (crosses finger)
I hope I can get it.... (crosses finger)
you dont have to file taxes at all if you made under $600.
I'm confused
01-24-2008, 10:39 PM
#35
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hmm, i dunno, thats how its always been for me...you dont TECHNICALLY have to file for taxes if you dont owe any money i believe, you just wont get your rebate if you have one coming.
i dunno, maybe some tax gurus will know. but thats how its been for me for the past years.
i dunno, maybe some tax gurus will know. but thats how its been for me for the past years.
01-24-2008, 10:49 PM
#36
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I've been reading a lot on it, and I haven't found anything that says it'll come out of the following year'* taxes or anything like that. I'd think that would make it into the analysts articles.
01-24-2008, 11:04 PM
#37
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Originally Posted by J Wikoff
I've been reading a lot on it, and I haven't found anything that says it'll come out of the following year'* taxes or anything like that. I'd think that would make it into the analysts articles.
01-24-2008, 11:15 PM
#39
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Originally Posted by vital49
I love how those with an income of over $75,000 (or 150K jointly) are excluded from this. I'm not sure why those people would be excluded.
I'm not sure why those people would be excluded.I'm going to put this money in the bank to continue to build an emergency fund.
01-25-2008, 12:06 AM
#40
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True Car Nut
I think if you make over 1 million dollars in a year any money after the first million should be taxed at 75%.....not the 40ish or whatever it is right now.