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May 3rd, 2008, 06:42 AM
|  | New Member | | Join Date: Apr 2008 Location: WA state- where people don't tan, they rust
Posts: 53
Rep Power: 5 | | | Tax incentive
Have you gotten yours?
What do you plan to do with it, or what did you do with it?
Mine was in my bank account yesterday (happy birthday to me  )
I put it straight over to the credit card... that's less I have to pay interest on now.. YAY |
May 3rd, 2008, 07:00 AM
|  | How about a nice cup of... | | Join Date: Jun 2006 Location: Wishing I was in bed
Posts: 20,075
Rep Power: 217 | | | I saw a press release yesterday - that if you apply your tax relief check to a sears gift card - they will match it by 10 percent... so if you shop at sears - you're really getting some free money. |
May 3rd, 2008, 07:48 AM
|  | Moderator | | Join Date: Nov 2004 Location: NW Ohio
Posts: 6,792
Rep Power: 87 | | darn, i wish i would have gotten the card! lol we won't get ours for 2 wks  |
May 3rd, 2008, 10:48 AM
|  | Member | | Join Date: Mar 2007 Location: Cincinnati
Posts: 606
Rep Power: 14 | | | we'll be putting in on our credit card |
May 3rd, 2008, 11:11 AM
| | Junior Member | | Join Date: Apr 2008
Posts: 193
Rep Power: 7 | | Tax incentive? What's that? 
Hooray for the 15.3% self employment tax...sigh. |
May 3rd, 2008, 03:38 PM
|  | Member | | Join Date: Jan 2008 Location: NYC
Posts: 496
Rep Power: 10 | | | Savings account.
I have no debt. |
May 3rd, 2008, 08:14 PM
| | Member | | Join Date: Mar 2007 Location: Cincinnati
Posts: 606
Rep Power: 14 | | Quote:
Originally Posted by busy91  I have no debt. | I guess I could say I don't either...but my other half does so I do too.  But I've be screwed without him so I try not to complain about it too much. I mean, I limit myself to once a day.  |
May 3rd, 2008, 11:12 PM
|  | Junior Member | | Join Date: Feb 2008 Location: San Diego, CA
Posts: 156
Rep Power: 7 | | | Mine will go into savings. So will my fiances. We are saving up to buy a house after next september. |
May 4th, 2008, 02:29 AM
|  | Coffee Addict | | Join Date: Jul 2006 Location: Cambridge, New Zealand
Posts: 6,898
Rep Power: 79 | | | what is it exactly? |
May 4th, 2008, 07:17 AM
| | New Member | | Join Date: Apr 2008 Location: WA state- where people don't tan, they rust
Posts: 53
Rep Power: 5 | | Quote:
Originally Posted by wishes what is it exactly? | The US government is giving back $600 to every person who filed taxes this year ($300 for each child). Many have called it "Bush's guilty money", but it's supposed to help stimulate the economy. They want everyone to go out and spend it.  |
May 4th, 2008, 07:18 AM
| | How about a nice cup of... | | Join Date: Jun 2006 Location: Wishing I was in bed
Posts: 20,075
Rep Power: 217 | | | it's not the first time this has been done - and it was utterly useless the last time... |
May 4th, 2008, 07:45 AM
| | New Member | | Join Date: Apr 2008 Location: WA state- where people don't tan, they rust
Posts: 53
Rep Power: 5 | | lol... and does that REALLY surprise you? << Useful? What's that?? >> I wouldn't mind if they decided to give free money every year  |
May 4th, 2008, 07:46 AM
| | How about a nice cup of... | | Join Date: Jun 2006 Location: Wishing I was in bed
Posts: 20,075
Rep Power: 217 | | | but it's not free money... last time it was done - tthat money had to be accounted for on next year's tax return... |
May 4th, 2008, 07:56 AM
| | New Member | | Join Date: Apr 2008 Location: WA state- where people don't tan, they rust
Posts: 53
Rep Power: 5 | | True, but what they don't take back in taxes is free The way I figure it what I don't pay in interest on the Credit Card will cover the taxes they slap on it next year (probably not, but I can fool myself... lol) ... AND I'm still $600 ahead... |
May 4th, 2008, 12:52 PM
| | Moderator | | Join Date: Oct 2007
Posts: 1,360
Rep Power: 20 | | | It's not free money because someone, somewhere, somewhen is eventually going to have to pay for it. The government gets its money from us, not from some magic money pot in the sky.
Like the last round of rebate checks, it's not taxable income. Nor do you have to pay any of it back. It's possible to get additional money related to the rebate law back with your 2008 tax return, but the calculation on your 2008 return won't make you pay any back. | | |
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