Rebate won't help economy

Full story: Lowell Sun

I don't want the $600 rebate stimulus that President Bush is offering the people.

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Mine

Concord, MA

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#1
Mar 28, 2008
 
re: I don't want the $600 rebate stimulus

Fine, please send it to me. As a taxpayer, I paid the taxes and if I get some back, then I say thank you Presiden Bush. This will pay for all of my gasoline for 6 months. Not a bad deal...
Tony

Marlborough, MA

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#2
Mar 28, 2008
 
It's just an advance. You'll have to include in as income in next year's taxes. I heard it's also in the form of a loan from a foreign government, although I'm not quite sure if this is true or not(still checking). God bless the poor American children and grandchildren who'll be paying this back for generations to come.
george

Bellows Falls, VT

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#3
Mar 28, 2008
 
I agree with the above
moneybags

Monomoy Island, MA

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#4
Mar 28, 2008
 
i remember the days when 600 could actually buy something.
taxman

Salem, MA

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#5
Mar 28, 2008
 
Tony wrote:
It's just an advance. You'll have to include in as income in next year's taxes. I heard it's also in the form of a loan from a foreign government, although I'm not quite sure if this is true or not(still checking). God bless the poor American children and grandchildren who'll be paying this back for generations to come.
Not true. This was true of the last stimulus package but this time around there will be no tax penalty for it.

Not speaking for or against...

“Uncommon Sense”

Since: Jan 08

Westford Mass

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#6
Mar 29, 2008
 
Mine wrote:
re: I don't want the $600 rebate stimulus
Fine, please send it to me. As a taxpayer, I paid the taxes and if I get some back, then I say thank you Presiden Bush. This will pay for all of my gasoline for 6 months. Not a bad deal...
Exactly! Whether you spend it or save it or invest it, it will stimulate the economy. Well, unless you put it in your mattress. It comes from taxes we paid. It is unpatriotic not to spend it to stimulate the economy. It would be almost like you wanted the economy to struggle. Who wants that? Bush bashers and belly achers. If you are worried about your kids then invest the money for them.
banjo man

Haverhill, MA

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#7
Mar 29, 2008
 
Dana A
Its our money we were actually overtaxed in the first place.
Unpatriotic...spoken like a true Westford liberal.
Shocked

Kingston, MA

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#8
Mar 29, 2008
 
Yes, I do want my rebate. I just hate the thought of having to pay for it next year at tax time.....Uncle Sam sticking it to us again.
skeptik

Manchester, MA

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#9
Mar 29, 2008
 
It'll sure as hell stimulate MY economy !!! Why the hell are these liberal jerks so afraid of people getting some of the money they confiscated returned to them ???

“Uncommon Sense”

Since: Jan 08

Westford Mass

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#10
Mar 29, 2008
 
banjo man wrote:
Dana A
Its our money we were actually overtaxed in the first place.
Unpatriotic...spoken like a true Westford liberal.
I think I am being attacked here unfairly. I think it is unpatriotic not to take the rebate and spend it. I agree it is our money. Why would you read my post some other way? Apology accepted!
Tony

Marlborough, MA

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#11
Mar 29, 2008
 
To taxman from Lawrence:Are you sure? Do you work for the IRS? Who's paying for it?
I hope you're right, but I'm still skeptical.
Suzy

Lowell, MA

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#12
Mar 30, 2008
 
I won't be 'stimulating the economy' with my $600-it'll go to pay real estate taxes and other bills. Who wins here? Not me, that's for sure.
give to charity

Concord, MA

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#13
Mar 30, 2008
 
Suzy, if it will make you feel better then give your rebate to charity. Won't that be a winner?
Shocked

United States

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#14
Mar 31, 2008
 
I'm going to pay a couple of bills and then take a trip to Key West with some friends. I'll feel quite patriotic having a good time in the sun with MY money.
lowering the bar

Princeton, MA

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#15
Mar 31, 2008
 
This expenditure just increases the national debt. Who do you think pays for that??
Mine

Concord, MA

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#16
Mar 31, 2008
 
lowering the bar,

Sometimes increasing the national debt is a good thing. If if helps me, it is good. I just filled out my tax return and I am shocked as to what I owe. I will use my rebate to pay my taxes.

Who pays for that - I do. Maybe you are one of those who doens't pay taxes?
taxman

Gloucester, MA

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#17
Mar 31, 2008
 
Tony wrote:
To taxman from Lawrence:Are you sure? Do you work for the IRS? Who's paying for it?
I hope you're right, but I'm still skeptical.
Check out irs.gov , click on stimulus...and read the FAQ:

Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?

A. No, the stimulus payment will not reduce your refund or increase the amount you owe when you file your 2008 return.
Tony

Marlborough, MA

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#18
Mar 31, 2008
 
Thank you for yor response, Taxman. Well, I like that. Maybe I can pay my oil bill.

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