What are you gonna do with your rebate check? - Page 4 - GM Forum - Buick, Cadillac, Chev, Olds, GMC & Pontiac chat


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Old 01-24-2008, 10:37 PM   #31
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Quote:
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 )
agrazela is 100% correct.

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.
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Old 01-24-2008, 10:53 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.
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Old 01-24-2008, 10:58 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

Quote:
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)
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.
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Old 01-24-2008, 11:16 PM   #34
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Quote:
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

Quote:
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)
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.
Wait, I made more than $600 last year... And more than $5000... I'm having a feeling I was supposed to do my taxes last year (year 06) not like my mom said I didn't have too....

I'm confused
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Old 01-24-2008, 11:39 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.
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Old 01-24-2008, 11:49 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.
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Old 01-25-2008, 12:04 AM   #37
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Quote:
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.
You would think so. But in 2001, that little nugget didn't come out 'til afterwards.
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Old 01-25-2008, 12:10 AM   #38
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And I haven't read anyone mention it but you.

Anyway, hookers and blow is still where it'* at.
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Old 01-25-2008, 12:15 AM   #39
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Quote:
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.
The $75K is AGI, so it'* not as bad as it seems, but I still hear ya.

I'm going to put this money in the bank to continue to build an emergency fund.
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Old 01-25-2008, 01:06 AM   #40
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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.
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