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Main Forums => Politics => Topic started by: K Frame on January 24, 2008, 08:21:10 AM

Title: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 08:21:10 AM
Individual tax payers will get a max of $600, couples a max of $1,200.
Title: Re: Tentative economic stimulis deal reached...
Post by: MrRezister on January 24, 2008, 08:30:48 AM
Will the bill come with legislation making it mandatory for me to spend that "refund" on something I don't need.  I know saving it would be the worst possible thing for "the economy"...
Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 08:31:25 AM
Unless they make over $75,, in which case they're excluded. Also, $300 for each kid.

So, as usual. Screw the most productive segment of society, reward the unproductive ones who have lots of kids they can't afford.

This mostly benefits the uneducated sorts with eight squalling, dirty-faced future delinquents in tow. As I said in another thread, buy stock in companies that make spinner wheels, I guess.

Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 08:39:32 AM
Individual tax payers will get a max of $600, couples a max of $1,200.

I think I'll spend it on hookers and blow.

Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 08:39:38 AM
"This mostly benefits the uneducated sorts with eight squalling, dirty-faced future delinquents in tow."

Mtnbkr only has one, and one on the way. Fuzzy math, there? Smiley

To be perfectly honest, though, if the idea is to get people spending the money, who is most likely to spend that money?

Someone who makes $100,000+ a year, or the uneducated sort with eight kids in tow?

I know which one I'd bank on.
Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 08:41:41 AM
...or the uneducated sort with eight kids in tow?

Can you say Big Screen TV?

Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 08:45:55 AM
...or the uneducated sort with eight kids in tow?

Can you say Big Screen TV?

Oh, hell yes. Proper clothes for the kids? BOOKS? Nutritious food? A laptop for them for school? Of course not.

Big screen TV, baby! Or spinner wheels for their ride, tallboys of malt liquor, and Mickey D's for breakfast, lunch and dinner for the whole family for two whole months!


Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 08:49:07 AM
"This mostly benefits the uneducated sorts with eight squalling, dirty-faced future delinquents in tow."

Mtnbkr only has one, and one on the way. Fuzzy math, there? Smiley

I'd be willing to bet he can afford to have them, though! Smiley I only object to the people who keep popping out kids and can't even afford one, and demand that the taxpayers step in to help.

Kids are great...if you can afford to feed them.

(The Sun paper in the UK today just had a story about a 17-year-old welfare mum who's had two kids by two brothers, both unemployed and on benefits as well. They're definitely beating us in the Jerry Springer level of things...!)  cheesy

Quote
To be perfectly honest, though, if the idea is to get people spending the money, who is most likely to spend that money?

And yeah, you're right, that sort will blow it on instantly depreciating Chinese consumer goods. It's still a bit depressing though!
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 08:52:45 AM
...or the uneducated sort with eight kids in tow?

Can you say Big Screen TV?



I didn't say what they were going to buy.

Only that they were going to run right out and spend it.
Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 09:08:32 AM
...or the uneducated sort with eight kids in tow?

Can you say Big Screen TV?



I didn't say what they were going to buy.

Only that they were going to run right out and spend it.

I know, I made the comment.

Actually I'll probably spend part of mine on a new sleeping bag, my 20 degree bag isn't so 20 degrees anymore. The rest will go towards new tires on my wife's car.

Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 09:10:31 AM
Since it's money I hadn't budgeted for, if I get anything, it'll just get invested.

Title: Re: Tentative economic stimulis deal reached...
Post by: MechAg94 on January 24, 2008, 09:23:53 AM
Well, I am working on saving more of my money.  If I qualify, I might just have to try out an M&P45 or something. 
Title: Re: Tentative economic stimulis deal reached...
Post by: cosine on January 24, 2008, 09:27:17 AM
So, does anyone know if one whose taxes are 100% self-employment tax (Schedule SE) will get anything?
Title: Re: Tentative economic stimulis deal reached...
Post by: Finch on January 24, 2008, 09:43:58 AM
So what did they have, a dartboard with a bunch of "solutions" on it?
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 09:52:08 AM
So what did they have, a dartboard with a bunch of "solutions" on it?

Silly boy.

That's how ALL decisions are made in Washington.
Title: Re: Tentative economic stimulis deal reached...
Post by: Finch on January 24, 2008, 10:02:47 AM
So what did they have, a dartboard with a bunch of "solutions" on it?

Silly boy.

That's how ALL decisions are made in Washington.

They way things are going, I wouldn't be surprised. I can't imagine someone sitting there thinking "Hey, this is a great idea."
Title: Re: Tentative economic stimulis deal reached...
Post by: HankB on January 24, 2008, 10:28:40 AM
Quote
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,, 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.
So I'll get nothing . . . other than the privilege of paying for this. Which was going to happen anyway, except now I won't get any of my own money back.

I really, really, really HATE politicians. <expletive> <expletive> <multiple expletive>
Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 10:37:56 AM
Quote
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,, 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.
So I'll get nothing . . . other than the privilege of paying for this. Which was going to happen anyway, except now I won't get any of my own money back.

I really, really, really HATE politicians. <expletive> <expletive> <multiple expletive>

I wish I could say that my wife and I make enough money together that we wouldn't be allowed the refund. If we made $150k together we'd be living high on the hog.
Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 10:50:58 AM
Quote
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,, 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.
So I'll get nothing . . . other than the privilege of paying for this. Which was going to happen anyway, except now I won't get any of my own money back.

I really, really, really HATE politicians. <expletive> <expletive> <multiple expletive>

Shame on you for being successful. You don't get a prize.
Title: Re: Tentative economic stimulis deal reached...
Post by: seeker_two on January 24, 2008, 10:53:07 AM
Individual tax payers will get a max of $600, couples a max of $1,200.

I think I'll spend it on hookers and blow.


[Rocky the Flying Squirrel voice] AGAIN?....   [/Rocky the Flying Squirrel voice]
Title: Re: Tentative economic stimulis deal reached...
Post by: seeker_two on January 24, 2008, 10:58:23 AM
Quote
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,, 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.
So I'll get nothing . . . other than the privilege of paying for this. Which was going to happen anyway, except now I won't get any of my own money back.

I really, really, really HATE politicians. <expletive> <expletive> <multiple expletive>

Wish I  had that problem to cuss about..... Wink

I'll probably use mine to pay off debts I was dumb enough to accumulate in my not-so-innocent youth and with current medical costs. Sooner I get that paid off, the sooner I'll join in the spending spree and start stockpiling mil-surps.....  grin
Title: Re: Tentative economic stimulis deal reached...
Post by: MrRezister on January 24, 2008, 11:00:51 AM
So I'll get nothing . . . other than the privilege of paying for this. Which was going to happen anyway, except now I won't get any of my own money back.


Maybe you should quit your job and cash in!  Don't forget the party line : "From Each according to his Ability!"
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 11:07:39 AM
"So I'll get nothing . . ."

Waah waah waah...

Sucks when your bag of gold is too heavy, doesn't it?  laugh
Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 11:27:00 AM
"So I'll get nothing . . ."

Waah waah waah...

Sucks when your bag of gold is too heavy, doesn't it?  laugh

$75k in some areas of the country is living high, in other areas, barely squeaking by! And in places where it'd be living high, the jobs don't pay that. In places where it's barely squeaking by, they do.



Title: Re: Tentative economic stimulis deal reached...
Post by: El Tejon on January 24, 2008, 11:33:29 AM
I get $0.00.  No capital gains tax? angry
Title: Re: Tentative economic stimulis deal reached...
Post by: mtnbkr on January 24, 2008, 11:35:57 AM
$75k in some areas of the country is living high, in other areas, barely squeaking by! And in places where it'd be living high, the jobs don't pay that. In places where it's barely squeaking by, they do.

Yup.  A better solution would be to base it on the average of a given area.  Below or at average, you get a refund, above, no refund (if they still want to punish "rich" people).

Because wifey is a stay at home mommy, we'll get our "refund" based on household income.  If I were single, I would get dick.  We'll probably blow much of it on a new TV, a purchase we were planning on making some time this Spring anyway.  Our current TV is dying.

Chris
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 11:37:27 AM
"If I were single, I would get dick"

I thought you uh... ah... I'd better leave that one alone...  angel


Your TV isn't dying. You just have to clean Abby's accumulated fingerprints and food off the screen every so often. You'll be shocked at how much brighter the picture is.
Title: Re: Tentative economic stimulis deal reached...
Post by: Scout26 on January 24, 2008, 11:37:33 AM
Quote from: charby
I think I'll spend it on hookers and blow.

did you work for Airborne Express ??  We had a supervisor go to training in Dayton/Wilmington, OH.  Got his two weeks of per diem (either $300 or $600) and spent it all the first night on, you guessed it hookers and blow.  

Needless to say he had a very short career with the company.
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 11:39:16 AM
So did he get one $600 hooker, or two $300 hookers?
Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 11:43:14 AM
So did he get one $600 hooker, or two $300 hookers?

You need a million dollars to get two at the same time.

/obligatory ref  cheesy

Title: Re: Tentative economic stimulis deal reached...
Post by: mtnbkr on January 24, 2008, 11:45:01 AM
Your TV isn't dying. You just have to clean Abby's accumulated fingerprints and food off the screen every so often. You'll be shocked at how much brighter the picture is.

The picture is fine, the stupid thing likes to shut itself off if it hasn't warmed up yet.  Once it's warm, it works fine, until we shut it off for more than a couple hours.  It is happening more frequently as time goes on. 

Chris
Title: Re: Tentative economic stimulis deal reached...
Post by: Rocketman56 on January 24, 2008, 11:45:50 AM
Hmm, I read it was capped at $75k for individuals and $150k for couple..  Have to re-read that..

Steve
Title: Re: Tentative economic stimulis deal reached...
Post by: Scout26 on January 24, 2008, 11:54:07 AM
Quote
So did he get one $600 hooker, or two $300 hookers?


I think he got a couple of "budget" hookers (come on, we're talking Dayton, OHIO) and spent the rest on blow.  We never got a chance to see how he broke it down on his expense report....... rolleyes grin  and whether he attached his receipts.
Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 11:57:20 AM
Quote
So did he get one $600 hooker, or two $300 hookers?


I think he got a couple of "budget" hookers and spent the rest on blow.  We never got a chance to see how he broke it down on his expense report....... rolleyes grin  and whether he attached his receipts.

Could $600 even get you a decent hooker? I have no clue what it costs and I'm not sure what cocaine costs either.

Something tells me $600 will cause me to catch something that can't be cured with penicillian and the blow will be mostly Draino.

-C
Title: Re: Tentative economic stimulis deal reached...
Post by: Scout26 on January 24, 2008, 11:59:43 AM
http://news.yahoo.com/s/ap/20080124/ap_on_go_co/economy_stimulus

Quote
Individuals who pay income taxes would get up to $600, working couples $1,200 and those with children an additional $300 per child under the agreement. Workers who make at least $3,000 but don't pay taxes would get $300 rebates

Quote
The rebates would phase out gradually for individuals whose income exceeds $75,000 and couples with incomes above $150,, aides said. Individuals with incomes up to $87,000 and couples up to $174,000 would get partial rebates. The caps are higher for those with children.

So if I read this right.  We'll get $1,800. $1,200 because we're a working couple making under $150,000 per year (combined) and we've got two crumb crunchers good for another $600.

"Good news kids !!!  We won't have to sell you off for medical experiments after all !!!"  angel
Title: Re: Tentative economic stimulis deal reached...
Post by: Scout26 on January 24, 2008, 12:04:52 PM
Quote
Could $600 even get you a decent hooker?

Define "decent hooker".  rolleyes shocked
Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 12:23:58 PM
Quote
Could $600 even get you a decent hooker?

Define "decent hooker".  rolleyes shocked

I saw some really hot ones in Amsterdam. I didn't partake in the action so I have no clue what it would have cost.

Title: Re: Tentative economic stimulis deal reached...
Post by: Rocketman56 on January 24, 2008, 12:25:15 PM
Hmm, I haven't seen it mentioned in the article, but I'm assuming they are going to use the IRS data base for dependent information and earnings..

Does this not make anyone feel uncomfortable?Huh?Huh???


Steve
Title: Re: Tentative economic stimulis deal reached...
Post by: mtnbkr on January 24, 2008, 12:28:15 PM
Hmm, I haven't seen it mentioned in the article, but I'm assuming they are going to use the IRS data base for dependent information and earnings..
Does this not make anyone feel uncomfortable?Huh?Huh???
Steve

How else would they do it?

Chris
Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 12:29:02 PM
Looks like money isn't going to be distributed until May 08, with checks showing up in July.

Something about the IRS being busy with 2007 returns right now.

Title: Re: Tentative economic stimulis deal reached...
Post by: charby on January 24, 2008, 12:30:07 PM
Hmm, I haven't seen it mentioned in the article, but I'm assuming they are going to use the IRS data base for dependent information and earnings..

Does this not make anyone feel uncomfortable?Huh?Huh???


Steve

That is what they did for the $300 checks back in '01.
Title: Re: Tentative economic stimulis deal reached...
Post by: zahc on January 24, 2008, 01:46:59 PM
Quote
So what did they have, a dartboard with a bunch of "solutions" on it?

no, they have a jump to conclusions mat.
Title: Re: Tentative economic stimulis deal reached...
Post by: GigaBuist on January 24, 2008, 02:52:57 PM
"So I'll get nothing . . ."

Waah waah waah...

Sucks when your bag of gold is too heavy, doesn't it?  laugh

Sucks that some heel that made $3k that year and paid no income tax will get $600 while the guy that dumped $23,000 into the federal government's pockets gets a nice kick to the balls for his effort.
Title: Re: Tentative economic stimulis deal reached...
Post by: MillCreek on January 24, 2008, 02:59:47 PM
I won't get anything either, but to tell you the truth, I would have just put it in the 401(k) anyway.
Title: Re: Tentative economic stimulis deal reached...
Post by: Manedwolf on January 24, 2008, 03:35:25 PM
Hmm, I haven't seen it mentioned in the article, but I'm assuming they are going to use the IRS data base for dependent information and earnings..

Does this not make anyone feel uncomfortable?Huh?Huh???


Steve

Pst. The IRS knows how much money you make.
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 24, 2008, 07:33:10 PM
Hmm, I haven't seen it mentioned in the article, but I'm assuming they are going to use the IRS data base for dependent information and earnings..

Does this not make anyone feel uncomfortable?Huh?Huh???


Steve

Dude, it's a TAX rebate.

Who the heck do you think is going to have the information to send out TAX rebates? National Endowment for the Arts?
Title: Re: Tentative economic stimulis deal reached...
Post by: Tecumseh on January 24, 2008, 11:49:58 PM
"This mostly benefits the uneducated sorts with eight squalling, dirty-faced future delinquents in tow."

Mtnbkr only has one, and one on the way. Fuzzy math, there? Smiley

I'd be willing to bet he can afford to have them, though! Smiley I only object to the people who keep popping out kids and can't even afford one, and demand that the taxpayers step in to help.

  Thank God the big government dogooders have not taken away a womens right to choose to have a child or not. 
Title: Re: Tentative economic stimulis deal reached...
Post by: HankB on January 25, 2008, 02:02:15 AM
Dude, it's a TAX rebate.
No - the dictionary defines rebate as "a return of a part of a payment." How the heck does a "rebate" go to someone who DIDN'T PAY ANY INCOME TAX?

It's a GIFT - as usual, .gov is robbing Peter to pay Paul . . . for Paul's vote.  angry angry angry
Sucks that some heel that made $3k that year and paid no income tax will get $600 while the guy that dumped $23,000 into the federal government's pockets gets a nice kick to the balls for his effort.
Amen to that, brother.
Title: Re: Tentative economic stimulis deal reached...
Post by: Waitone on January 25, 2008, 02:20:05 AM
More borrowed money.
More interest paid to foreign companies and countries.
More money distributed to the non-productive elements of society.
More burden placed on the back of future generations.
More goobermint interference in the market designed to keep the market from correcting.
More of pushing the day of reckoning into the future.
More  . . . . .
More . . . . . .
What is it they say about insanity.  Doing the same thing over and over yet expecting a different result?
Title: Re: Tentative economic stimulis deal reached...
Post by: James Fitzer on January 25, 2008, 05:43:11 AM
I think i will also contribute to the world's open profession.

Or perhaps a new guitar...


www.carvin.com

That SH575 is lookin reall purdy!
Title: Re: Tentative economic stimulis deal reached...
Post by: K Frame on January 25, 2008, 06:01:50 AM
"No - the dictionary defines rebate as "a return of a part of a payment." How the heck does a "rebate" go to someone who DIDN'T PAY ANY INCOME TAX?"

Your government at work.

The pertinent information remains that this money is coming out of the Treasury.

Who in the government has the information on those in the nation who are of working age?

Come on, the answer's not difficult...

Uh... uh....

NASA!
Title: Re: Tentative economic stimulis deal reached...
Post by: Ben on January 25, 2008, 07:00:20 AM
Quote
$75k in some areas of the country is living high, in other areas, barely squeaking by!

Yup, around here $75K is, "living with roommates" salary.

Well, I get zip, but at least they didn't make me pay anything. Oh wait......

This cart I'm pulling is getting heavier and heavier.  sad
Title: Re: Tentative economic stimulis deal reached...
Post by: roo_ster on January 25, 2008, 07:24:40 AM
Individual tax payers will get a max of $600, couples a max of $1,200.

I think I'll spend it on hookers and blow.



And you'll likely squander the rest Wink

"I spent a lot of money on booze, birds and fast cars. The rest I just squandered."
----George Best
Title: Re: Tentative economic stimulis deal reached...
Post by: Northwoods on January 26, 2008, 07:23:26 AM
Is there anything that makes it obvious that they'll base the couples "refund" on household income, or does a stay-at-home-mom mean the family just get's dad's $600?  Also was I right in reading that it'll be based on AGI, and not total gross?  I sure hope its AGI, or we'll loose out on at least some of the "refund" due to a company paid relocation with gross-up that added $53k to my income in '07.  Add that to the 113 hours of vacation cashed out by my previous employer, a $3k signing bonus, and $8k of paid OT (I'm salary exempt so I don't normally get that) and I'm probably just over six figures without the relocation. 

Assuming we get the full $1800 (we have 2 sprogs) I think we'll probably use it to pay for some needed things we've been deferring for some time.  We haven't bought clothes in a couple years except for the kids, and they're close to outgrowing most of what they've got.  My wife wants more makeup (personally I think she looks better without it, but oh well).  And, if we don't already have the emergency fund back up to $25k by then (it's around $24.2k now, so it should be back up really soon) we'll probably put the remainder into our sinking funds for pet care, doctor's visits, Christmas gifts, etc.  That or maybe put it into the kids' 529's.