Comments on: Economic Self-Stimulus: Ideas for One Last Financial Orgasm

By: Jumping Off the Consumer Bandwagon : Heaven Under Our Feet

Jumping Off the Consumer Bandwagon : Heaven Under Our Feet — Sun, 18 May 2008 03:54:11 +0000

[...] a boost by means of my financial health being poor. Besides, I think the stimulus was one of the worst propositions our unhealthy government could propose. I have two children that will have to deal with the [...]

By: Roger

Roger — Sun, 09 Mar 2008 17:23:04 +0000

From Yahoo Finance
“If you had any net income tax liability for the 2007 tax year, you will get some money back.

So will individuals who last year had earned incomes of at least $3,000 but who owed no taxes. This provision, added by the Senate to the original proposal drafted by the House and the administration, means that around 20 million lower-income older Americans who rely primarily on Social Security payments, and 250,000 disabled veterans (and those who receive their survivor benefits), will get a rebate.

Some parents also will get an extra payment for each eligible child.

What if you don’t have any net tax liability? Thanks to a provision added by the Senate to the House/White House original rebate proposal, you can still qualify for a rebate of $300 for single filers ($600 for joint filers) as long as you have at least $3,000 in income from a job or Social Security or veterans’ disability benefits.

Who won’t get a rebate?
In addition to the unlucky older kids and their parents, a few other folks are left out of the rebate mailing.

Nonresident aliens are excluded. So are trusts and estates.”

By: jewishfarmer

jewishfarmer — Sun, 03 Feb 2008 14:55:00 +0000

Pat, I thought that was the gist of the debate between House and Senate – whether offer lower benefits, but extend them across the board to low income folks who don’t pay taxes. I should have said “may” get a check, but I don’t think it is settled that you won’t, unless I’m misunderstanding.

By: Pat Meadows

Pat Meadows — Sat, 02 Feb 2008 16:22:00 +0000

Not all of us, no. Those of us who do not have enough taxable income to pay federal taxes, will not get it. This includes a LOT of retired people, and almost all disabled people.

Pat

By: Robyn M.

Robyn M. — Fri, 01 Feb 2008 20:57:00 +0000

You know, it probably fits in under #6 or something, but we are currently in the middle of starting up a local/organic foods co-op in our hometown. My husband suggested that, when donation time rolls around (any day now, I suspect), we pitch the idea of people using their “tax stimulus” check. I mean, probably it’s not quite what the administration had in mind, but you don’t get much more “spending your money locally” than this, and they *did* say we should spend it locally… =) Personally, I like the irony.

By: Susan

Susan — Fri, 01 Feb 2008 20:29:00 +0000

LOL!!! — “Friendly Neighborhood Apocalyptic Dominatrix”! I am wiping the tears of mirth from my eyes. And now, back to reading the rest of your article….

Susan