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Old 05-09-2008, 10:53 PM   #11
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but the deposits and checks are sent out on different days depending on your last two digits of your ssn. so you should still get yours. that irs.gov site has the dates of when they send em out.
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Old 05-09-2008, 11:25 PM   #12
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We got the full 1200 here. My half went to bills... No fun stuff for me
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Old 05-10-2008, 12:20 AM   #13
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It'* not free money. How would the government produce free money? It would have to take the money from it'* citizens (namely, the people receiving the money). From what I understand, they are lowering the taxes, but giving the benefits to us NOW, so we won't see a difference on our taxes in 2009. It'* an advance on our tax savings.

Plus, if you think you are supposed to receive $900 and only get $600, you might want to make sure it wasn't a mistake. It would be plain stupid to say "Oh well, it'* free money, so I guess I won't do anything to get that $300." Unless, on principle, you're opposed to free money or something...
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Old 05-10-2008, 11:25 AM   #14
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The money is coming from loans from overseas banks. SOMEDAY it may be offset by lower taxes....but how lowering taxes is supposed to help the government PAY off loans seems to be something that all the politicians are avoiding talking about. At any rate, the national debt goes up and China and Malaysia get rich at taxpayers expense.
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Old 05-10-2008, 12:43 PM   #15
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i wonder if we will have to claim these stimulus checks as income next year ? we have to claim our michigan tax refunds as income the next year. but not federal.
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Old 05-10-2008, 12:49 PM   #16
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Quote:
Originally Posted by Mopar MAN
.but how lowering taxes is supposed to help the government PAY off loans seems to be something that all the politicians are avoiding talking about.
even an introductory history lesson or economics class will answer this question. the politicians are avoiding talking about it because most people dont understand how the system works and are convinced that its as simple as "lower taxes = less money". lowered taxes means more consumer spending. more consumer spending means more taxes on that spending. whether the increase in consumer spending makes up for the cut in taxes is for the analysts to decide, but typically the increase in spending more than makes up for the cut in taxes -- resulting in a net gain. conversely, higher taxes means less consumer spending. and all that does with that.

free money or not, now youre arguing semantics. it just boggles me how anyone can complain about not getting as big of a windfall they expected.

its like people at kohls, we have something called kohls cash. for every $50 you spend, you get a $10 gift certificate that has to be used between certain days. that $10 gift certificate is pre-tax and "free". not free because the money has to come from somewhere, but its still a windfall for the customer. and some customers have the gall to complain that we reduced their kohls cash amount when they returned something. so now, instead of getting a $30 windfall, theyre getting a measly $20. it just boggles me. $20 is still more than anyone has a right to expect.

more to the point, $300, $600, $900 is still more than you have a right to expect. the government doesnt owe you this money. if you misinterpretted something you heard on tv or read on the internet, dont blame the government. and dont blame bush -- however you feel about him, its not like hes sitting in the IRS office twisting his mustache and personally changing the amounts people are getting back. the details of this thing were done by congress and implemented by the IRS -- credit where its due.

personally, im not getting $600. im getting significantly less than that. and i think the whole idea behind this package is correct, but with what were ending up with in our current economic climate, the execution is asinine. this package is too small to help our economy, when there are more pressing needs for the people. a one-time $600 windfall wont convince people to buy that house theyve been looking at -- and its the housing market thats the biggest issue (although there are signs that its starting to improve). it might convince them to go buy that nice dress theyve been eyeing, so yippee for some retailers. but our retail outlets arent really suffering right now. my understanding is that its big-ticket items like new cars and houses that are hurting. and prior mistakes are killing housing. because right now people are beginning to look at houses again, but banks have been too badly burned in the last couple years by accepting almost anyone (in an attempt to stave off a recession) and now a lot of those high-risk people are defaulting. leaving the banks and financial institutions hesitant to back even a home-buyer with excellent credit. $600 to low and middle-class families arent going to change any of that. with higher gas prices, theyre just going to ease the burden of higher gas prices. oh, retail stores will get some good revenue in for this quarter, and movie theatres and such will have a good quarter. but next quarter itll be the same ole same ole, except gas prices will have climbed even higher.


"The big bad world doesn't owe you a thing, so get over it."
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Old 05-10-2008, 03:02 PM   #17
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Quote:
Originally Posted by jwakamud
Quote:
Originally Posted by Mopar MAN
.but how lowering taxes is supposed to help the government PAY off loans seems to be something that all the politicians are avoiding talking about.
even an introductory history lesson or economics class will answer this question. the politicians are avoiding talking about it because most people dont understand how the system works and are convinced that its as simple as "lower taxes = less money". lowered taxes means more consumer spending. more consumer spending means more taxes on that spending. whether the increase in consumer spending makes up for the cut in taxes is for the analysts to decide, but typically the increase in spending more than makes up for the cut in taxes -- resulting in a net gain. conversely, higher taxes means less consumer spending. and all that does with that.

free money or not, now youre arguing semantics. it just boggles me how anyone can complain about not getting as big of a windfall they expected.

its like people at kohls, we have something called kohls cash. for every $50 you spend, you get a $10 gift certificate that has to be used between certain days. that $10 gift certificate is pre-tax and "free". not free because the money has to come from somewhere, but its still a windfall for the customer. and some customers have the gall to complain that we reduced their kohls cash amount when they returned something. so now, instead of getting a $30 windfall, theyre getting a measly $20. it just boggles me. $20 is still more than anyone has a right to expect.

more to the point, $300, $600, $900 is still more than you have a right to expect. the government doesnt owe you this money. if you misinterpretted something you heard on tv or read on the internet, dont blame the government. and dont blame bush -- however you feel about him, its not like hes sitting in the IRS office twisting his mustache and personally changing the amounts people are getting back. the details of this thing were done by congress and implemented by the IRS -- credit where its due.

personally, im not getting $600. im getting significantly less than that. and i think the whole idea behind this package is correct, but with what were ending up with in our current economic climate, the execution is asinine. this package is too small to help our economy, when there are more pressing needs for the people. a one-time $600 windfall wont convince people to buy that house theyve been looking at -- and its the housing market thats the biggest issue (although there are signs that its starting to improve). it might convince them to go buy that nice dress theyve been eyeing, so yippee for some retailers. but our retail outlets arent really suffering right now. my understanding is that its big-ticket items like new cars and houses that are hurting. and prior mistakes are killing housing. because right now people are beginning to look at houses again, but banks have been too badly burned in the last couple years by accepting almost anyone (in an attempt to stave off a recession) and now a lot of those high-risk people are defaulting. leaving the banks and financial institutions hesitant to back even a home-buyer with excellent credit. $600 to low and middle-class families arent going to change any of that. with higher gas prices, theyre just going to ease the burden of higher gas prices. oh, retail stores will get some good revenue in for this quarter, and movie theatres and such will have a good quarter. but next quarter itll be the same ole same ole, except gas prices will have climbed even higher.
So people that shop at Kohls because of the "windfall" they get shouldn't have a right to expect it? Kohls lures them in with promises of Kohls cash and doesn't deliver. They've been ripped off. Why do you seem so resistant against people receiving money? I wouldn't normally shop at Kohl'*, but if I did, I would count the $10 as a value included in the total cost of my purchase, therefore, it effects my purchasing decision. People aren't expecting this money for nothing. They have to give Kohl'* $50 first. It'* used to keep people coming back to the store and shopping.
And what right does Kohl'* have to accept a profit? I think their markup is too high, they should be non-profit. They have no right to expect so much money.

You SHOULD complain if you didn't get the windfall you expect. Why not? Because you hate free money? They are lowering the taxes, so if you don't get the right amount, you're paying more taxes than everyone else in 2009. You must be too rich to have to worry about small things like $300, though. On what basis do we have the right to or right not to expect money that was promised to us?
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Old 05-10-2008, 04:06 PM   #18
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Quote:
Originally Posted by BUBBA
i wonder if we will have to claim these stimulus checks as income next year ? .

I just heard this question on the radio a few days ago. the answer is No.
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Old 05-10-2008, 04:12 PM   #19
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The the whole program is a joke anyway. Sure, I'll enjoy my money, but the program is not going to have much impact on the economy, IMO and many economists. The Govt. spent 45 million sending out notices that we were going to get the money. What a joke.
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Old 05-10-2008, 07:48 PM   #20
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We are saving our so called bonus for retirement.
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