<p>razorsharp, would it make you feel better if it was called “a rebate for everybody who paid taxes of an amount over $300 a year with an income less than…”?</p>
<p>Would it make you feel better if we could call it what it is – an income tax rebate. It is not a payroll tax rebate. It is not an estate tax rebate. It is not a sales tax rebate. It is not a personal property tax rebate. It is not a real estate tax rebate. It is an INCOME tax rebate because it is based on income. I fail to see why you don’t get this. This is pretty obvious.</p>
<p>razorsharp, social security taxes and medicare taxes are based on income too. Are they income taxes?</p>
<p>If you want to be mad, be mad.</p>
<p>I think the whole package is nonsense.</p>
<p>“just tell them to send mine directly to the college bursar’s office. I’ll never see a dime of it…”</p>
<p>It will stimulate HIS economy. ;)</p>
<p>“I think the whole package is nonsense.”</p>
<p>Me, too. There are so many better ways to waste $150 bil, like sending it to China (which is where it ends up anyway…)</p>
<p>“Me, too. There are so many better ways to waste $150 bil, like sending it to China (which is where it ends up anyway…)”</p>
<p>lol</p>
<p>RZ says …“It is an INCOME tax rebate because it is based on income”</p>
<p>How do you know the thing has been out for less that 5 hours…</p>
<p>The money for the rebate is coming from the general fund. Since the general fund receives tax money from all kinds, types and sorts of taxes and fees it is incorrect for Razorsharp and others to say that it is an it’s an INCOME tax rebate.</p>
<p>If we give tax rebates to poor people, they’ll only squander it. Isn’t there a way we can give it only to Republicans?</p>
<p>mini, I have reached my limits. Only 3 lols in a day. :)</p>
<p>Razorsharp says .It is an INCOME tax rebate because it is based on income. I fail to see why you don’t get this. This is pretty obvious.</p>
<p>No .Razorsharp you are wrong it is just a rebate </p>
<p>It is a rebate the amount of which is determined by income. However the money for the rebate is coming from the general fund. I visited a nation park last year; I paid a fee to get into the park. That money went into the general fund and is being used in part to pay for a rebate. </p>
<p>To be most accurate this should be called a refund from the general account. I dont think anyone will refer to it this way because to do so would cause confusion with the public and most of the members of congress. To say nothing about how difficult the VP would find it to explain the president.</p>
<p>
No, they are not income taxes. They are also not relevant. You pay Social Security taxes on income up to $102,000. You pay Medicare taxes on all of your income. If the payment was based upon incomes up to $102,000 or it had no income limits, and it had a reduction in Social Security benefits or reduction and Medicare benefits, then possibly you could argue the rebate was a Social Security tax rebate or Medicare tax rebate. Instead the tax rebate is based upon income and therefore is an income tax rebate.</p>
<p>You really need to think this through again.</p>
<p>Have a great day.</p>
<p>
If that were true, then the legislators would not be limiting the rebate based on income. It is an income tax rebate for people who earn income with some of those who actually pay income taxes getting screwed (eg. singles earning more than $75,000) but those who don’t pay income taxes getting rewarded ($3000 per year workers). It’s another way to take money from those who work the hardest and give it to those who work the least.</p>
<p>Or from those who don’t work at all! </p>
<p>Wouldn’t it have been better to require that the rebate checks go directly to one of the Presidential candidates? That way at least we know they’d spend it, spend it soon, and domestically, too!</p>
<p>It would be very “stimulating” to have dawn to dusk nasty tv ads, and could make up for the loss of programming due to the writers’ strike.</p>
<p>We could also spend some of it on Warlord Betrayus’ Victory Parade, even though he says it will take 6 more months from the time he said it would take six more months from the time it was supposed to take six months before we know for sure. Maybe we could have a “Pre-Victory” parade. Parades can be very stimulating, too.</p>
<p>
That would be simple. Give it those those people who pay income taxes and don’t give it to those who do not pay income taxes.</p>
<p>Or simply give it to those who don’t work. :rolleyes:</p>
<p>Sorry…I posted this in a new thread (before I noticed this one…oops). Does this mean that my kids who both earned about $4000 this year are eligible to get $300 back? No taxes were even taken out of their earnings…and I’m not sure either of them even has to file this year. So…how would they get this money (if in fact they are eligible to receive it). AND can we count them as “our kids” or is that for 18 and under only? We do provide more than 1/2 of their support!!</p>
<p>"Isn’t there a way we can give it only to Republicans? </p>
<p>That would be simple. Give it those those people who pay income taxes and don’t give it to those who do not pay income taxes."</p>
<p>lol</p>
<p>I had no idea only republicans pay income taxes.</p>
<p>I like Mini’s parade idea better.</p>
<p>thumper1, I don’t think those details are out yet.</p>
<p>Details like those are what make a “simple” idea take 6 months to execute.</p>