Rebate checks

[HALEY]

I saw this on YT and was wondering here on 4 Woman talk, what are everyones plans for there rebate checks? My tax return will be spent on my credit cards i have two more to pay off Ya..... then my rebate check will go towards a new stainless steel stove and a microwave, badly needed, i think my stove is 40 years old it came with my house when i got it three years ago, my fridge went last year so my Hubby got a stainless steel one, and now i'll have the stove to match it... and i'll be so happy when my credit cards are paid off... then there getting put away for emergencies... no more....

[Janet]

I'll just hold ours back until next year probably, since they will be taking it out of our refund. Sucks! I would love to spend it, but sure as I do, something will happen.

[HALEY]

I'll just hold ours back until next year probably, since they will be taking it out of our refund. Sucks! I would love to spend it, but sure as I do, something will happen.
Why are they taking it out of your refund? it said in the paper that it is a separate check, i have to spend mine on a stove before mine blows up and i spend the money on something stupid.. i would love to save it but,, stove comes first..

[DianaB]

I didn't know that we got a refund!! Mine will just go in with all the other money and go towards farm payments and bills!!!!!

[HALEY]

Who gets a rebate? Most people who pay taxes or earn at least $3,000, including through Social Security or veterans' disability benefits. Singles making more than $75,000 and couples with income topping $150,000, however, will get smaller checks, up to the top limits for any rebate: incomes of $87,000 for individuals and $174,000 for couples.

To get any rebate, you must file a 2007 tax return and have a valid Social Security number. If you already filed your 2007 return, the IRS says you don't need to do anything extra.

Most taxpayers will receive a check of up to $600 for individuals and $1,200 for couples, with an additional $300 for each child.

People earning too little to pay taxes but at least $3,000 - including elderly people whose only income is from Social Security and veterans who live on disability payments - will get $300 if single, or $600 if a couple.

The IRS will send out rebates - by mail or by direct deposit into your bank account - through the late spring and the summer. The rebates come in addition to any regular tax refund.

To pay for the rebates - which are estimated to cost about $117 billion over the next two years - the government will have to borrow more money, enlarging the budget deficit.

[judy]

Mine will probably just go to pay off a bill or two. That will be nice.

[Ponyup]

Mine will go towards my tattoo removal, along with the bonus check I just received for $1500, yippee. From what i know that should take care of my little tattoo problem. My husband can do what he wants with his & his bonus check. Has of right now he wants to put MP3 hookups in both vehicles, get a remote starter for the truck & add a few other accessories to our new truck. So his plans sound more exciting then mine, but what you gonna do.

[Tink]

Haley, what I think Janet meant is that the rebate check is really only an advance on next years tax refund. All they're doing is giving it out early in hopes of jump starting the economy a bit. So while we will get it in June... we will get that much less next year on our refund... so it's not the huge "gift" some thing it is.

[Rhonda]

I believe it when I see it and Spend it when I have it!!!!!!!!!!!!!!!

[Janet]

Haley, what I think Janet meant is that the rebate check is really only an advance on next years tax refund. All they're doing is giving it out early in hopes of jump starting the economy a bit. So while we will get it in June... we will get that much less next year on our refund... so it's not the huge "gift" some thing it is.


Thanks Tink! That's exactly what I meant. The gov't is never going to give you anything for nothing. I may need that money more next year than I do this year so I'll just put it in the savings. I hate the way they want to screw with our lives.

[judy]

Thanks Tink! That's exactly what I meant. The gov't is never going to give you anything for nothing. I may need that money more next year than I do this year so I'll just put it in the savings. I hate the way they want to screw with our lives.


So this money is part of our 2008 refunds? I suppose if you owe, you have to give this money back too?

That sucks!!!

I'm still going to end up paying off something. At least I'll save on interest.

[Ponyup]

So this money is part of our 2008 refunds? I suppose if you owe, you have to give this money back too?

That sucks!!!

I'm still going to end up paying off something. At least I'll save on interest.

My husband says not. Something about they usually give a tax break every year & next year we won't get one, we're getting the money we would've saved on the tax break next year right now. I don't really understand it, but you definitely won't have to pay any extra next year because of this check, I did get that at least.

[Tink]

Right ponyup!
IF you don't have that much coming next year you still don't have to pay this rebate back. However if you have more than this amount coming back, they will deduct this off from it.

[Janet]

I'm so glad you can explain things so well Tink. I always know what I mean in my head, but to get it out is a totally different story. You always explain things so elequently.

[Tink]

Thanks Janet, I got a lot of practice at explaining things in terms people could actually understand when I was a Realtor and insurance agent. Usually the concept itself isn't all that difficult, but the terms used within the industry sure can be! I never saw any reason to follow that practice... I prefer people know what's going on and make up their own mind based on simple fact.

[judy]

Right ponyup!
IF you don't have that much coming next year you still don't have to pay this rebate back. However if you have more than this amount coming back, they will deduct this off from it.


So why are they bothering? I would assume they're saying that it's to get more money flowing, but it certainly is a silly idea if we have to lose it next year.

This is why having politicians running the country was never a good idea!
You need a bunch of women to sit down over coffee or tea with a list and we can solve many of these problems. After all, we can raise teenagers and live to talk about it!

[Tink]

Judy, I "think" this is more to make the republicans look better than any other reason. Once the elections are over, I'm guessing there will be a democrat in the white house, and if the economy is looking down, they will be shoving it in the faces of the republicans for the whole term. So by giving this little illusion of prosperity before they switch over, it will simply look better on the books. And then next year when everyone gets less of a refund it will be noted that there were democrats in power when it happened.

It's all political game playing.

[judy]

Hi Tink,

You're on too I see. It's you, me and two spider aliens.

I think you're absolutely right. We can all be mad at Hillary or Barak for this. Do you really think we'll have a Democrat this time? I'm not sure what the more conservative population is up to these days on the issues.

I agree with you about McCain looking like a dead fish. That's a great description of him. His wife is some blond classy hottie! He married arm candy. ;)

[Marilyn]

Judy, I "think" this is more to make the republicans look better than any other reason. Once the elections are over, I'm guessing there will be a democrat in the white house, and if the economy is looking down, they will be shoving it in the faces of the republicans for the whole term. So by giving this little illusion of prosperity before they switch over, it will simply look better on the books. And then next year when everyone gets less of a refund it will be noted that there were democrats in power when it happened.

It's all political game playing.

I agree totally!!!!!! Have you noticed, too, they are raising national security concerns again. They want us to be afraid again going into the election.

[Tink]

Exactly Marilyn!
It's all very choreographed and well timed to make us think what they want us to think!
It's our job to look past it, and under each rock to decide for ourselves what is really going on.

[Marilyn]

Yep!! If you look under rocks, that's where you will find a lot of these people!!;)

[HALEY]

ok ladies so what are you trying to tell me, my refund will be short next year? that really sucks !!!

[judy]

I was wondering why the terrorist alert was suddenly raised, with no reason given.

I must get a rock up in my apartment so that I can peek under it when something like that happens!

By the way, I caught Michelle Obama on Larry King yesterday. She's a keeper!
I was totally impressed with her values, her way of presenting things, and her intelligence. She is politically savvy, but I think she would be an asset to the White House.

I don't agree with
George W's politics, but I also love Laura Bush. She's another special woman. I think "W" is probably a nice person too. Sweet, a bit dumb, and probably a down to earth man. That's my perception of him of you take away the fact that he's President.

[HALEY]

Ok how did my thread about rebate checks turn into politics ???? hummmm!!!!

[judy]

:confused: :confused: :confused:

Don't worry about it Haley. That's how it is here. :cool:

[HALEY]

:confused: :confused: :confused:

Don't worry about it Haley. That's how it is here. :cool:
I can't wait till the election is over with, to tell you the truth.... sick of hearing about it... :(

[Tink]

Sadly, getting the rebate checks IS a VERY political issue. It's given out to make us think about how much wealthier we all are when republicans are in control... as opposed to democrats who spend it all on programs for the poor. LOL

It's a long running game... I can remember my Dad talking about it and he's been gone since 1991!

[HALEY]

Sadly, getting the rebate checks IS a VERY political issue. It's given out to make us think about how much wealthier we all are when republicans are in control... as opposed to democrats who spend it all on programs for the poor. LOL

It's a long running game... I can remember my Dad talking about it and he's been gone since 1991!
I think that's the only reason were getting these checks! your right it is sad.

[Janet]

You listen to Tink, Haley, she knows what she's talking about. Everything is political now...we just have to open our eyes and see it for what it truely is.

[HALEY]

You listen to Tink, Haley, she knows what she's talking about. Everything is political now...we just have to open our eyes and see it for what it truely is.
i know just like the gas prices, crazy... can't afford to go anywhere today.. with daycare, gas for both me and my husband we can't even go to dinner once a month without breaking the bank account.