| Topic: What will you do with your tax rebate?, Deal Completed for Tax Rebates In June | < Next Oldest | Next Newest > |
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Common Citizen 
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Jan. 24 2008,12:48 pm |
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Individuals who pay income taxes would get up to $600, working couples $1,200 and those couples with children an additional $300 per child under the deal. Workers who make at least $3,000 but don't pay taxes would get $300 rebates.
The rebate part of the plan would cost about $100 billion, aides said. The package also includes close to $50 billion in business tax cuts.
The package would allow businesses to immediately write off 50 percent of purchases of plants and other capital equipment and permit small businesses to write off additional purchases of equipment. A Republican-written provision to allow businesses suffering losses now to reclaim taxes previously paid was dropped.
Pelosi, D-Calif., agreed to drop increases in food stamp and unemployment benefits during a Wednesday meeting in exchange for gaining rebates of at least $300 for almost everyone earning a paycheck, including low-income earners who make too little to pay income taxes.
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,000, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps rise higher for individuals and couples with children.
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| Post Number: 2
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ICU812
Group: Super Administrators
Posts: 3244
Joined: Aug. 2003
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Posted on: Jan. 24 2008,1:07 pm |
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Save it to pay it back once they raise taxes to pay for it. 
Too bad they are not smart enough to cut payroll taxes immediately and at the same time cut the money spent by the buffoons on all the BS.
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| Post Number: 3
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Ned Kelly
Group: Members
Posts: 1073
Joined: Dec. 2004
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Posted on: Jan. 24 2008,2:06 pm |
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Are they going to give us a rebate now and want it back next year at tax time? By then, maybe, we will have someone in the Whitehouse that feels a duty, as a nation, to pay as we go again................ ned
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| Post Number: 4
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TameThaTane
Group: Members
Posts: 6300
Joined: May 2005
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Posted on: Jan. 24 2008,2:54 pm |
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It's a band aid measure. Means nothing really. Most will pay down debt and that doesn't really help the economy. You're supposed to blow it on goods you know.
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My choice is what I choose to do,
And if I'm causing no harm, it shouldn't bother you.
Your choice is who you choose to be,
And if you're causin' no harm, then you're alright with me.
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| Post Number: 5
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Common Citizen
Group: Members
Posts: 4818
Joined: Jul. 2006
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Posted on: Jan. 24 2008,3:04 pm |
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^ I may actually agree with you on this one, T.
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| Post Number: 6
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ICU812
Group: Super Administrators
Posts: 3244
Joined: Aug. 2003
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Posted on: Jan. 24 2008,3:12 pm |
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Fine I will blow it on this...
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| Post Number: 7
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Glad I Left
Group: Members
Posts: 2306
Joined: Aug. 2005
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Posted on: Jan. 24 2008,3:18 pm |
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^ that's better than blowing it on this...
 Download attachment [ HTML Page ]
Number of downloads: 93
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After we screw up health care reform, let's take on the initiative of unscrewing the education system (gov't education)
Tacitus: (c. 56 AD-c. 117) "The more corrupt the state, the more it legislates."
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| Post Number: 8
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Grinning_Dragon
rideo draconigena
Group: Members
Posts: 3095
Joined: Aug. 2003
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Posted on: Jan. 24 2008,3:38 pm |
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there ya go bro, I fix it for ya..
So now we can all bask in this things ugly glory.
GAHH, looks like one of the mutants from Rainbow terrace got out.
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*SIC SEMPER TYRANNIS / MOLON LABE / Se Defendendo
memoria of cado frater ,Semper fidelis
*The object of war is NOT to DIE for YOUR Country, but to make the OTHER BASTARD DIE for HIS...Patton
My Constitutional Rights trump your dead.
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| Post Number: 9
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grassman
Group: Members
Posts: 3858
Joined: Mar. 2006
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Posted on: Jan. 24 2008,3:50 pm |
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Domestic beer, money stays here in the US! 
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git er done!
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| Post Number: 10
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canvasback
Group: Members
Posts: 416
Joined: Oct. 2007
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Posted on: Jan. 24 2008,6:51 pm |
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Remember what happened after Jesse Ventura gave us a rebate from the state of MN a few years back!!?? 
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