anybody out there understand this better than i do?
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kcroadrocket |
be careful what you wish for |
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listening to many radio talk shows about the new "tax rebate" gets to be really scary. i'm certainly not a financial guru, but from what i
understand, this will come from your expected 2009 tax refund. the government is NOT giving you anything, and in fact, in 2009 you may owe this back to
them. they just want to make it appear they're doing something now to stimulate the economy, and by what the majority say, most WILL NOT use the money
to buy something, but instead use it to pay bills.
anybody out there understand this better than i do? |
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CleRider |
#1 | |||
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Bud,
I've heard it explained a little differently. It's my understanding the rebate is a refund of 2007 taxes paid, according to the tax cut proposals submitted by the white house. If the tax cuts are sustained/maintained, we should see our 2008 taxes reduced. I'm not holding my breath on this one. As for how the money will be spent... Some will put it in a savings account.. ok.. a couple of people will. Some will gamble it away or buy lottery tickets. Most will buy a techno gadget which won't do squat for the US economy but will help China. The goverment hopes we go to dinner, party and spend the money on locally produced goods and services. |
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alepel |
#2 | |||
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Andy....I'm buying chrome!
alepel
"Ride with the Spirit always, and in all ways"....hombldr |
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kcroadrocket |
#3 | |||
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found this on a money site.....also heard this is going to cost individual states a fortune.
my thoughts are if the government would step in and control the oil prices a little, the economy would BOOM!!! nearly every night here on the news, people are interviewed saying they have to give up this or that in order to pay for their weekly gas to and from work. Is this a rebate? What is it a rebate on?
How do I know what I get?
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GaleRich |
#4 | |||
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I agree with alepel, the rebate is to purchase accessories for your motorcycle! Of course, then you will ride it more and save even more gas. Oops am I
speaking like a politician? ... sorry ....
- rich |
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alepel |
#5 | |||
GaleRich wrote:Rich for President!
alepel
"Ride with the Spirit always, and in all ways"....hombldr |
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kcroadrocket |
#6 | |||
GaleRich wrote: Rich for President!couldn't do any worse than the choices we now have!
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