The Economic Stimulus Rebate

[Tuckervill]

Um, his dad died. I'm sure he's busy.

Karen

[Zen]

My mom died last Tuesday. life goes on.

[Blueberry]

My mom died last Tuesday. life goes on.

I'm terribly sorry about your Mom.

Otherwise, I'm not quite sure how to take this.

[BleeckerSt_Girl]

Zen, I'm very sorry to hear you lost your mother.

[redrhodie]

Zen, I'm sorry for your loss.

[Geonz]

So now I am curious. What's the proportion of people who arent' getting it who think it's a bad idea vs. those who are?

(I think it's stupid cheesy politics that completely avoids the problems that led to these circumstances. I would be getting something.)

I am remembering some fo those grand generalizations of history... such as "the cure for a recession is a war." Welp, that's not going to work here.

So, that makes me think - but waht *is* it a bout a war that does that turnaround thing? Is it just the economics of having to produce stuff? How important is it that the people are united and feeling a sense of solidarity and community... and, therefore, if we could rally behind something else, and somehow get dem capitalists to decide to market something besides death...

I'm waiting on a couple of sort of windfalls - a reimbursement for work-related trip expenses and getting an abandoned 1K CD out of escheat in Virginia. That can pay down a chunk of my mortgage and land that Dahon in the back seat of my Xtracycle. Oh, and a mattress... my back says please, a mattress...

[nonsmoker3]

My mom died last Tuesday. life goes on.

??? Wow. That is so wrong in so many ways.

[Mr. Bloom]

My mom died last Tuesday. life goes on.

Zen, I'm really sorry about your mom.

The two certainties in life:

Death & Taxes

and we're covering them both in one post

And you're right...life goes on.

So, the answer to what I'll do is: "I don't know". The current state of the economy has caused me to take note of the excesses in our lives and the need to be thrifty enough to enable generosity at will.

This isn't a new revelation...it's just a return to something I came to understand a long time ago.

But, using this little piece of the world as an example...it's not going to have the desired effect...because most of us are going to save it or pay down debt...

[Blueberry]

Mr. Silver-

As usual, you have provided such a thoughtful response, with incredible perspective. We, too, have been re-assessing and trying to make sure we're doing what we want to and what we can with the funds available to us. It's a process everyone should go through, I think, on a regular basis.

Thank you for continuing to be a part of TE - the world is definitely a better place with the Silvers in it!

CA

[Skierchickie]

Wow Zen and Mr. Silver - I am so very sorry to hear about your losses. You are both in my thoughts. I don't know what else to say.

[Running Mommy]

Mr. Silver-

As usual, you have provided such a thoughtful response, with incredible perspective. We, too, have been re-assessing and trying to make sure we're doing what we want to and what we can with the funds available to us. It's a process everyone should go through, I think, on a regular basis.

Thank you for continuing to be a part of TE - the world is definitely a better place with the Silvers in it!

CA

HERE HERE!!! I love the silvers! I'm still waiting for the day we can rendezvous on the redneck riviera for a proper southern cocktail!

[uforgot]

If, as bmccasland says, it is an advance like last time, then all it means is that we are getting our tax refunds back a few months early, but I guess it makes them look like political heroes just in time for the election. Last time, most people did not understand this little catch, and when they went to have their taxes figured, SURPRISE!!! I do my own taxes and understood this last time, and there actually is a place where they ask the amount of your refund, but my principal argued with me. Said it was just a "gift". He was one of the ones whose taxes were held up because he figured it incorrectly as another poster mentioned.

So, in January 2009, my son on the USS Eisenhower will be shipped back to the middle east (yeah, he has already been told) and I will get $600 less on my tax refund. Guess how I'm voting????

[Mr. Bloom]

I don't recall it being as you describe last time...and I don't think it's as you fear this time

I will get $600 less on my tax refund.

But, keep in mind: The use of the word refund is misleading. You are either "over withheld" (this is when you get money back) or "under withheld" (this is when you owe money).

Based on your situation (income, deductions, etc), your tax is what it is. This "stimulus package" is effectively a retroactive reduction of last year's tax rates (I think))

Now, to your concern: what if, because of gov't spending, they need to raise taxes this year (meaning you're "under withheld" when filing for '08)...then that's a different issue entirely...but I don't think they're giving you something now and intending to take it back next year.

[Zen]

.
it's not going to have the desired effect...because most of us are going to save it or pay down debt...

True that.
The part I really don't understand is why this went off without a hitch but that's not really the point of the post.

[emily_in_nc]

Question: if I am a member of a couple, but the only one who works, do I qualify for the check if I make < $150K or only if I make < $75K? And which size check? Based on a single or a couple (no kids)? I admit I haven't read up on this at all, just heard a couple quickie reports on the news, so right now I'm unsure of whether we'll be getting a check or not!

I do know, unfortunately, that we owe about $1700 in taxes due to cashing in some investments to purchase our sailboat, so I'm hoping I do qualify for the stimulus check to help offset that.

Emily the Ignorant