Stimulus: Your Tax Rebate Check | Newsweek Business

Tax Rebate Redux

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I don't expect government handouts but, as was done with the almost invisible tax cut, our government reps speak with forked tongue. Newsweek prints a story as to how you should wisely use this "windfall", as if the amount is enormous. Also, if you are going to write about it print the real story. First you wrote: "Most singles will get $600, couples will get $1,200, and parents will get $300 for each dependent child". Most makes it sound like a great %. Other writers don't even use the word most they use all. Fact is, the child has to be <18 years old and not be claimed as a dependent. That excluded our kids and I'll bet most middle income families fall into this category. I think the Senate Democrats stuck this. They had to get funding for the rebates given to those who would not qualify on any level. After all we need to help those who need it the most.

As far as all the grandiose plans to spend like drunken sailors and stimulate the economy, here is where my $600 went: $450 went to renew my registration on my 2 year old car, since it went up again. We have I believe the 3rd highest rate in the nation. I have $150 left. My property tax valuation came in higher (as usual). We are among the top ten in that category. I will probably split the remainder among that and a half a tank of gas.

As far as the stealth tax cuts, mine have gone up throughout the Bush administration. How? Under the Bush administration I lost most of my deductions, college tuition, dependent eligibility among the most drastic. What Bush cut the Congress and Senate taketh away somewhere else. So in summary, someone should write about the sham economics. I don't depend on the government nor do I expect help. The unfortunate part is our government has to resort to fiddles (tax and rebate placebos), much like our car manufactures, to placate the misinformed. All this while Rome burns. Thank God if Obama gets elected, I can go to my religion for comfort.

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Posted By: vcaragiu @ 05/30/2008 9:01:36 AM

I don't expect government handouts but, as was done with the almost invisible tax cut, our government reps speak with forked tongue. Newsweek prints a story as to how you should wisely use this "windfall", as if the amount is enormous. Also, if you are going to write about it print the real story. First you wrote: "Most singles will get $600, couples will get $1,200, and parents will get $300 for each dependent child". Most makes it sound like a great %. Other writers don't even use the word most they use all. Fact is, the child has to be <18 years old and not be claimed as a dependent. That excluded our kids and I'll bet most middle income families fall into this category. I think the Senate Democrats stuck this. They had to get funding for the rebates given to those who would not qualify on any level. After all we need to help those who need it the most.

As far as all the grandiose plans to spend like drunken sailors and stimulate the economy, here is where my $600 went: $450 went to renew my registration on my 2 year old car, since it went up again. We have I believe the 3rd highest rate in the nation. I have $150 left. My property tax valuation came in higher (as usual). We are among the top ten in that category. I will probably split the remainder among that and a half a tank of gas.

As far as the stealth tax cuts, mine have gone up throughout the Bush administration. How? Under the Bush administration I lost most of my deductions, college tuition, dependent eligibility among the most drastic. What Bush cut the Congress and Senate taketh away somewhere else. So in summary, someone should write about the sham economics. I don't depend on the government nor do I expect help. The unfortunate part is our government has to resort to fiddles (tax and rebate placebos), much like our car manufactures, to placate the misinformed. All this while Rome burns. Thank God if Obama gets elected, I can go to my religion for comfort.
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Posted By: mezzo-soprano @ 05/14/2008 1:10:53 PM

This stimulus check is simply a way to redistribute money. My husband and I have two children, and of our $1800, our family received $186. In the meantime, someone who paid far less in taxes than we have will receive far more. Sounds like communism to me.
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Posted By: FirstZebra @ 05/08/2008 3:57:10 PM

In retrospect, I think it's a stupid way for the "GUMMINT" to act. Free money?
In a pigs eye!