Tentative economic stimulis deal reached...

[K Frame]

Individual tax payers will get a max of $600, couples a max of $1,200.

[MrRezister]

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"...

[Manedwolf]

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.

[charby]

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.

[K Frame]

"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?

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.

[charby]

...or the uneducated sort with eight kids in tow?

Can you say Big Screen TV?

[Manedwolf]

...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!

[Manedwolf]

"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?

I'd be willing to bet he can afford to have them, though! 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...!) 

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!

[K Frame]

...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.

[charby]

...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.

[Manedwolf]

Since it's money I hadn't budgeted for, if I get anything, it'll just get invested.

[MechAg94]

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. 

[cosine]

So, does anyone know if one whose taxes are 100% self-employment tax (Schedule SE) will get anything?

[Finch]

So what did they have, a dartboard with a bunch of "solutions" on it?

[K Frame]

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.

[Finch]

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."

[HankB]

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>

[charby]

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.

[Manedwolf]

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.

[seeker_two]

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]

[seeker_two]

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.....

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..... 

[MrRezister]

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!"

[K Frame]

"So I'll get nothing . . ."

Waah waah waah...

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

[Manedwolf]

"So I'll get nothing . . ."

Waah waah waah...

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

$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.

[El Tejon]

I get $0.00.  No capital gains tax?