It should include everyone regardless of your income, the poor should go to college and get a better job. This wealth redistribution bs does not sit well with me. Screw the poor, the lazy good for nothing worthless pos need to get off the couch and make something out of themselves not sit around looking for a handout by the government.
Tax Rebate Check
- Thread starter ageecee
- Start date
It should include everyone regardless of your income, the poor should go to college and get a better job. This wealth redistribution bs does not sit well with me. Screw the poor, the lazy good for nothing worthless pos need to get off the couch and make something out of themselves not sit around looking for a handout by the government.
Only from a geography standpoint you are correct. I'm sure having lived in Nebraska that this is true throughout most of the midwest. However, a couple with no kids living in New York City, San Diego, San Francisco, Boston, DC, and many other Northeast cities might not be so fortunate on even a $149,000 combined income. It would be even worse for them if they were raising kids on that combined income (Hallelujah for those $300/child checks...lol).
All this is, is a bullchit tact to cushion future tax hikes. Secondly it serves as a cushion to the economy since the market is in the fukkin gutter because of one thing, greed. Greed by the mortgage brokers, real estate agents, and people themselves in general trying to make a quick buck. The sub prime mess has screwed up banks, lenders, homeowners, etc. The lenders made ARM loans to people with $8/hr jobs for $400-500k house(s), no need to "qualify" - I saw some of the shenanigans myself. Here's a sad situation, my neighbor owns a 2BR condo with an ARM and a balloon pmt and recently moved out because they could not afford to make their payments anymore. 1 kid in college, 1 in high school. They bought their 2BR condo for $325K. Like many other properties the price has dropped a some since they bought it at the peak of the market and real estate prices have come down so they can't sell. The wife works at Subway (sandwich maker) and the husband works at the ABC liquor store (cashier) down the street. The kids don't work but are very good students with scholarships. Who do you think "qualified" them? Yep, I'd like to know too so I could bop him upside the head...lol. A lot of other people are in the same situation too because they bought at the peak of the market hoping to see their propertie(s) shoot up in value only having the market turn and I'm sure all of their loans were "approved" very easily.
Bunch of bullchit, makes me sick to my stomach.
kneifl
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kneifl
I dont think I can feel sorry for a couple that buys a 325 K house with income from subway and working at a liquor store.
I just read that if you do not file income tax before April 15 2008 you will not recieve the
rebate.
or it will be signifigantly delayed:shrug:
I always file extensions. It takes me until the end of the year to get everything together.
The rebate is my own money anyways. They are taking it from our 2009 returns. Fawk it. Just another way to make Americans think they are doing something for us. And they are actually stabbbing us in the back. Again and again.
I dont think I can feel sorry for a couple that buys a 325 K house with income from subway and working at a liquor store.
I just read that if you do not file income tax before April 15 2008 you will not recieve the
rebate.
or it will be signifigantly delayed:shrug:
I always file extensions. It takes me until the end of the year to get everything together.
The rebate is my own money anyways. They are taking it from our 2009 returns. Fawk it. Just another way to make Americans think they are doing something for us. And they are actually stabbbing us in the back. Again and again.
Kneifl:
While some of your points are valid, I think it is still important to realize that nobody put a gun to anyone's head and said "buy a house and take this loan".
While it is easy to blame everyone else (and that IS the American way), PERSONAL responsibility is the key here. You have to know what you can afford - and not depend on other people to make financial decisions for you. You have to be smart enough to do it for yourself.
You want to buy an ARM? Then you better project out what the payments will look like when interest rates go up - and decide if you can afford them.
Think of it this way - we all get tons of credit card offers in the mail every day. Do we get all those cards and run them up to the max? I'm sure some people do - but I'd say the majority of people are smart enough not to. Again, personal responsibility.
With the housing issue - way too many people bought houses that were way over their heads. Yes, the money shouldn't have been so readily available - but it was, just like credit cards.
But if you bought a house you couldn't afford, or bought a house using a ARM with a low teaser interest rate just so you could afford it in the short term and didn't care about when rates would reset, then I guess I don't have as much sympathy.
It is easy enough to do the math - and if you can't figure out mortgage interest and payments and such, you should ask for help before making a the largest purchase of your life.
Isn't the main responsbility on people to only buy what they can afford? And to be smart enough to understand what they can afford? I guess it is just easier to blame someone else for the decisions one makes.
After all, it is the American Way!
Sorry for the rant, probably pissed off after drinking a few beers, those 3 margaritas, and coming home and my s video cord is not working so I cant steal movies off the internet:142smilie :142smilie
I understand your points, but that's all it is. A cushion to future tax hikes and to help the economy. Here are some other useful tidbits. Others who make more than $150K will also be given rebate checks based on a percentage. Check with the IRS or your local gov't office to see how much you qualify for, the percentage will be based on your income. Also, for everyone who receives these rebate checks, they will not be taxed on the next years return. However, this effects EVERYONE, you think you will be getting about the same amount back on your 2008 tax return that you got on your 2007 tax return if it was pretty much the same, THINK AGAIN. It's a bullchit program and you'll end up paying in probably not seeing much of a "payout." You can count on that.
kneifl
I understand your points, but that's all it is. A cushion to future tax hikes and to help the economy. Here are some other useful tidbits. Others who make more than $150K will also be given rebate checks based on a percentage. Check with the IRS or your local gov't office to see how much you qualify for, the percentage will be based on your income. Also, for everyone who receives these rebate checks, they will not be taxed on the next years return. However, this effects EVERYONE, you think you will be getting about the same amount back on your 2008 tax return that you got on your 2007 tax return if it was pretty much the same, THINK AGAIN. It's a bullchit program and you'll end up paying in probably not seeing much of a "payout." You can count on that.
kneifl
I agree personal responsibility needs to become a bigger factor in this country... BUT
If EVERYONE went to college, the net result wouldnt be great jobs for everyone. People would still need to be plumbers, janitors, fast food workers. What good would 100% of the country having degrees do? The job pool wouldnt necessarily change
There is micro-economics, where it makes sense to tell one poor person to go to college and get a better job... then there is macro-economics where you have to think about what happens on average, and not think about one individual person.
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Which is one of the biggest reasons why this is fecking stupid.
If it was a true stimulant, then the money is needed NOW. But it's not, and the economy for the most part will take care of itself.
BUT the politicians have to have somethign to hang their hat on and say that they were the reason that the economy turned around.
We are ****ing lemmings. It's pathetic, really.
Imagine a drug dealer with this approach. Pay me now for a drug. Take it. And it 6 months, you will feel great!!!
I'm pretty sure the drug problems in this country would be much less than they are.
I know that was the original plan. I was just quoting what a local congresswoman said.
I know with NY property tax rebates they mail them alpabetically by county. Maybe they will do it by State and Arizona would be one of the first.
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There's personal responsibility invovled in this, as well. While many lenders made unwise loans, the people taking out the loans need to accept responsibility. Don't buy things you know you can't afford. How dumb do you have to be?
