Tax Rebates Deal Announced

[davcivic]

http://biz.yahoo.com/ap/080124/economy_stimulus.html

 

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.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 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 are higher for those with children.

 

So I guess I am getting $600 or so....

[davcivic]

http://biz.yahoo.com/ap/080124/economy_stimulus.html

 

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.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 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 are higher for those with children.

 

So I guess I am getting $600 or so....

[Ned Ryerson]

...Still need Congressional approval.

[davcivic]

quote:

Congress, Treasury Secretary Announce Deal on Tax Rebates, Business Breaks to Boost Economy

 

Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.

[Live or Die Magic]

I'm torn on this one. On one hand, looking at the nation as a whole, I wonder just how much it will help and what are the negative trade-offs for having done it.

 

But personally, I will be able to make good use of my own check and will be happy to have it.

[Ned Ryerson]

quote:

Originally posted by davcivic:

quote:

Congress, Treasury Secretary Announce Deal on Tax Rebates, Business Breaks to Boost Economy

 

Congressional leaders announced a deal with the White House Thursday on an economic stimulus package that would give most tax filers refunds of $600 to $1,200, and more if they have children.

 

That's Congressional leadership. It still needs to be voted on in Congress.

[davcivic]

I just don't see the difference or maybe don't know how it all works out 100% I guess...Reading the headline it implies that its all approved....

 

anyhow, doesn't matter, more than likely it will pass....but like you all said before, I am not sure how this will help the economy overall...if it will even help at all....But I will use my check to pay some bills that's for sure.

[Ned Ryerson]

It will pass... It's just not set in stone. Senate Democrats want to add some things to it, but it shouldn't get in the way. I stream C-Span on my computer here at work (Yeah, I'm that much of a loser) and just listened to the Treasury Sec's press conference.

 

And if you are a loser like me, you will love the discussion of the FISA act on C-Span 2 right now!

[davcivic]

I guess you are a slightly bigger loser than me....but probably not by much..

[Jareth Cutestory]

For anybody who has any questions or doesn't understand the tax rebate.

 

http://www.abcnews.go.com/WN/Story?id=4197208&page=1

[Fultz4thewin]

This will help the economy right now. But the downfall is the $150 billion they are using is going to hurt the future taxpayer. Just another $150 billion added onto the national debt. Its just a big F U! to the next generation (me )