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2008 Economic Stimulus Package - How Much Will You Get?

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2008 Economic Stimulus Package - How Much Will You Get?

Old 01-25-08, 03:39 PM
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Sushi for all!!!!!!

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Old 01-25-08, 03:39 PM
  #102  
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Originally Posted by General Zod
Blah Blah Blah

So making less than $75,000 a year means your lazy. Jerry fucking Seinfeld we got here.
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Old 01-25-08, 03:40 PM
  #103  
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Originally Posted by Mopower
So making less than $75,000 a year means your lazy. Jerry fucking Seinfeld we got here.
No. But conversely, making more than that doesn't make you rich or any less deserving of a rebate.
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Old 01-25-08, 03:40 PM
  #104  
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Originally Posted by Mopower
So making less than $75,000 a year means your lazy. Jerry fucking Seinfeld we got here.
No I said 70% of those making $75k or less are lazy. Maybe a math class would have improved your chances of making more
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Old 01-25-08, 03:41 PM
  #105  
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Originally Posted by Mopower
So making less than $75,000 a year means your lazy. Jerry fucking Seinfeld we got here.
His lazy what? Susan?
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Old 01-25-08, 03:41 PM
  #106  
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Originally Posted by Tracer Bullet
I think some Hispanic guy said that.
Well, this white dude I heard it from probably stole it from the Hispanic guy.
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Old 01-25-08, 03:43 PM
  #107  
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Originally Posted by Ocelot
wow, thanks for the info... looks like a family vacation to Disney world, awesome!
Or a new vacuum

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Old 01-25-08, 03:44 PM
  #108  
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Originally Posted by General Zod
No I said 70% of those making $75k or less are lazy. Maybe a math class would have improved your chances of making more

If it's an error in how I read your reply it would be an English class that would suit me. I would think someone making the kind of money you do would be able to figure that out. Or maybe you are too busy working so hard right now.
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Old 01-25-08, 03:45 PM
  #109  
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I think it all comes down to spending. I someone that makes $100,000 a year going to go blow his newfound $600 on crap he doesn't need like the government wants? It's more likely that someone making $24,000 a year will.
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Old 01-25-08, 03:51 PM
  #110  
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I've heard it explained like this:

Apparently, there's enough money on the face of the planet for everyone to have $2million. If you were to "re-distribute" that wealth to everyone on the face of the planet dollar to a donut says that with 2 months everyone's $2million will again be "re-distributed" back to it's original source. Warren Buffett and Bill Gates will be right back where they started, and John Edwards would again be appealing to the "second" of the "Two Americas". Kinda plays to the stat that 85% of all people who win the lottery declare bankruptcy within 5 years.
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Old 01-25-08, 04:25 PM
  #111  
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Yeah, regardless of hard work, education, etc., some people just can't make good money, and some people just aren't good with money. Then there are those real unfortunate saps that are a bit of both. And some people are either just lucky or really unlucky with money.
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Old 01-25-08, 04:29 PM
  #112  
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Originally Posted by Mopower
I think it all comes down to spending. I someone that makes $100,000 a year going to go blow his newfound $600 on crap he doesn't need like the government wants? It's more likely that someone making $24,000 a year will.
Why would poor people want to buy stuff for rich people, especially if they don't need it?
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Old 01-25-08, 04:45 PM
  #113  
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Originally Posted by Mopower
I think it all comes down to spending. I someone that makes $100,000 a year going to go blow his newfound $600 on crap he doesn't need like the government wants? It's more likely that someone making $24,000 a year will.
I'm not sure about that at all. If I got the $600 I'd almost certainly put it towards the DVD Nav when I lease my new car.
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Old 01-25-08, 04:58 PM
  #114  
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Married filing jointly -> 2 x $600 = $1200

My four kids -> 4 x $300 = $1200

My total = $2400

Where it's going to go = one of my credit cards!
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Old 01-25-08, 05:27 PM
  #115  
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Originally Posted by kvrdave
Why would poor people want to buy stuff for rich people, especially if they don't need it?

Because they are stupid and lazy and dont know how to work hard.
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Old 01-25-08, 06:14 PM
  #116  
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Originally Posted by Mopower
I worked myself thru college and work hard for my money. I guarantee I work harder than you do. It costs people like me just as much to support children, pay off college loans, mortgages and pay the bills as it does you. It's not my fault you pull over $75,000 a year and act like an extra $600 is going to make or break you.
Are you saying that if you made $75k and didn't get a rebate that you'd be okay with this? I'll bet the answer is no. I'm getting a rebate ($900?) and think it's ridiculous that people making over $75k get nothing. I'm getting the idea that many people are going to pay off bills or save it because they need to. Maybe people with more discretionary cash would spend it on stimulation (mmmm).

I don't understand why people making lower salaries have to begrudge those who figured out a way to make good dough through diligence.

I think Blu-ray and strippers are the big winners here. And China/Japan.
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Old 01-25-08, 06:20 PM
  #117  
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Originally Posted by General Zod
No I said 70% of those making $75k or less are lazy. Maybe a math class would have improved your chances of making more
that's just as, if not moreso, ridiculous as claiming those making more money don't deserve the refund.
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Old 01-25-08, 06:21 PM
  #118  
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$0

But even if I was getting some, I still think it's stupid. Maybe if they cut spending to compensate, but they're just borrowing more. Yippee!
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Old 01-25-08, 06:23 PM
  #119  
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Originally Posted by atlantamoi
Are you saying that if you made $75k and didn't get a rebate that you'd be okay with this? I'll bet the answer is no.
Hell yes the answer is no. People who have the "wealthy people shouldn't complain" sing a different tune when they become wealthy also.
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Old 01-25-08, 06:23 PM
  #120  
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Somehow the tax rebate thread has turned into the I make more than you thread

DVDtalk is so much fun


Those of you stating that buying Chinese goods from Walmart won't help the US economy are only partly right. There are still tons of US jobs and workers that benefit from you buying chinese made goods at Walmart.
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Old 01-25-08, 06:27 PM
  #121  
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Originally Posted by General Zod
No I said 70% of those making $75k or less are lazy.

It's far more complicated than that. Some people are afraid of sucess and having responsibility (the pressure and stress). Some people want to be happy in their work and money isn't their first focus.

Lazy certainly covers a few but not as many as you state IMO
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Old 01-25-08, 06:41 PM
  #122  
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Nothing, which is fine since I don't want to have to claim my own money on the next year's tax return.
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Old 01-25-08, 06:43 PM
  #123  
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Culled from a financial expert on ABCNews.com:

"Think of the tax rebate actually as an advance on next year's tax refund."

(lots of questions answered there... http://abcnews.go.com/WN/Story?id=4193525&page=1)

Urgh. I don't want or need an advance. Not into this idea at all.
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Old 01-25-08, 06:54 PM
  #124  
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FACT SHEET:

Examples of How the Economic Growth Package will Benefit Americans





Married with children:



1) Married couple with two children[1][1], earned income of $4,000, no federal income tax paid.

Individual rebate = $600
Child tax credit = $600
TOTAL = $1,200
2) Married couple with two children, earned income in excess of $3,000, AGI = $45,000, federal income tax is $323.

Individual rebate = $600
Child tax credit = $600
TOTAL = $1,200
3) Married couple with two children, AGI = $48,000, federal income tax is $773.

Individual rebate = $773
Child tax credit = $600
TOTAL = $1,373
4) Married couple with two children, AGI = $80,000, federal income tax paid in excess of $1,200.

Individual rebate = $1,200
Child tax credit = $600
TOTAL = $1,800
5) Married couple with two children, AGI = $160,000, federal income tax paid in excess of $1,200.

Individual rebate = $1,200
Child tax credit = $600
Phaseout reduction = ($500) [5% x ($160,000 - $150,000) = $500]
TOTAL = $1,300
Head of household with children:



1) Single parent with two children, earned income of $4,000, no federal income tax paid.

Individual rebate = $300

Child tax credit = $600

TOTAL = $900



2) Single parent with two children, earned income in excess of $3,000, AGI = $38,000, federal income tax is $433.

Individual rebate = $433
Child tax credit = $600
TOTAL =$1,050
3) Single parent with two children, AGI = $60,000, federal income tax paid in excess of $600.

Individual rebate = $600
Child credit = $600
TOTAL =$1,200
4) Single parent with two children, AGI = $90,000, federal income tax paid in excess of $600.

Individual rebate = $600
Child credit = $600
Phaseout reduction = ($750) [5% x ($90,000 - $75,000)]
TOTAL = $450
Married, no children:





1) Married couple with no children, earned income of $4,000, no federal income tax paid.

Individual rebate = $600





2) Married couple with no children, earned income in excess of $3,000, AGI = $20,000, federal income tax is $930.

Individual rebate = $930





3) Married couple with no children, AGI = $25,000, federal income tax is $1,430.

Individual rebate = $1,200





4) Married couple with no children, AGI = $160,000, federal income tax paid in excess of $1,200.

Individual rebate = $1,200
Phaseout reduction = ($500) [5% x ($160,000 - $150,000)]
TOTAL = $700
Single, no children:



1) Individual with earned income of $4,000, no federal income tax paid.

Individual rebate = $300





2) Individual with earned income in excess of $3,000, AGI = $10,000, federal income tax is $125.

Individual rebate = $300





3) Individual with AGI = $16,000, federal income tax is $725.

Individual rebate = $600





4) Individual with AGI = $80,000, federal income tax paid in excess of $600.

Individual rebate = $600

Phaseout reduction = ($250) [5% x ($80,000 - $75,000)]

TOTAL = $350
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Old 01-25-08, 06:55 PM
  #125  
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Originally Posted by atlantamoi
Culled from a financial expert on ABCNews.com:

"Think of the tax rebate actually as an advance on next year's tax refund."
Well if this is all there is then everyone partying it up are really just getting some money in advance that they will either owe or won't get back next year. The only people actually really receiving "free" money are those who don't pay taxes.
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