01-24-2008, 11:34 PM | #51 | |||
Grizzled Veteran
Join Date: Oct 2000
Location: Wisconsin
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Quote:
Maybe you just used the quote and your point had nothing to do with the quote, but are you saying that individuals that make less than $75K or Families making less than $150K make bad decisions?
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01-25-2008, 01:03 AM | #52 | |
Hall Of Famer
Join Date: Dec 2003
Location: the yo'
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Quote:
I'm just opposed to the concept of rebating anything to those that didn't pay in the first place. That being said, I should make bank off of this rebate, as I'm sure I'll sell dozens and dozens of HDTV's when the checks get cut. |
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01-25-2008, 04:11 AM | #53 |
High School Varsity
Join Date: Oct 2006
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I read that they will be mailing rebates starting in May and going on through August. I wonder what kind of order they will be issuing the rebates in? Alphabetic, Numeric, or by the order date that your Income Tax is filed?
Generally I wait until the last minute before sending my Check to the IRS; I wonder if this will cause my Rebate to be one of the August ones?
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01-25-2008, 07:08 AM | #54 | |
Hall Of Famer
Join Date: Nov 2002
Location: Newburgh, NY
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Quote:
But as I said, they do pay, even if you don't want to count the payroll taxes "paying taxes". Because the payroll taxes run a surplus the extra money goes into the general fund. Some portion of their payroll taxes are a de facto income tax.
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01-25-2008, 07:10 AM | #55 | |
Hall Of Famer
Join Date: Jan 2001
Location: Decatur, GA
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Quote:
Absolutely true. Most people, though, don't see the payroll tax because its all taken out before it hits their check/bank account.
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01-25-2008, 07:13 AM | #56 | ||
Coordinator
Join Date: Sep 2004
Location: Chicagoland
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Quote:
My guess is: completely random. Quote:
Yep, thus the difference between gross income and net income. |
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01-25-2008, 07:15 AM | #57 | |
Coordinator
Join Date: Sep 2004
Location: Chicagoland
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Quote:
On a related note - this is also the best way to save: have it taken out of your paycheck before you even see it. If possible, you can accomplish this through splitting your direct deposit. The majority of your net goes to your "regular" bank account, while a certain percentage goes directly to a "savings" account. |
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01-25-2008, 08:37 AM | #58 | |
Grizzled Veteran
Join Date: Oct 2000
Location: Wisconsin
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Quote:
Last time I thought it was the last digit of your social security #
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You, you will regret what you have done this day. I will make you regret ever being born. Your going to wish you never left your mothers womb, where it was warm and safe... and wet. i am going to show you pain you never knew existed, you are going to see a whole new spectrum of pain, like a Rainboooow. But! This rainbow is not just like any other rainbow, its... |
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01-25-2008, 08:43 AM | #59 |
Head Coach
Join Date: Oct 2002
Location: Seven miles up
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The thing that I think is interesting is that most of us have been saying for the better part of a year plus that the economy is in decline, and despite what the fed says that consumable inflation seems to be much higher than it is reported.
Now they are seem like they are panicking and we are supposed to believe that all of this is sudden and needs immediate attention, when most of us still see a steady decline. Furthermore now we are supposed to believe that 120 million is going to stimulate a 10 trillion dollar economy? The numbers don't add up. Are they then going to pat themselves on the back when the economy makes it normal turnaround, which could happen by the end of the year? And then we re-elect them all? I feel wool.
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01-25-2008, 11:06 AM | #60 | ||
Grey Dog Software
Join Date: Nov 2000
Location: Phoenix, AZ by way of Belleville, IL
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Quote:
Quote:
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01-25-2008, 11:08 AM | #61 |
Grey Dog Software
Join Date: Nov 2000
Location: Phoenix, AZ by way of Belleville, IL
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dola, I also think it's a terrible idea. But, if the logic is to spur on the economy, I would think that putting it in the hands of investors and consumers is better than just middle-income consumers.
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01-25-2008, 11:15 AM | #62 | ||
Hall Of Famer
Join Date: Jan 2001
Location: Decatur, GA
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Quote:
Savings = Investment, in economic terms anyway. And I'm not convinced that most of that money will necessarily go down to paying off CC debt. Poor people like to blow the cash on stuff.... that's also why they sometimes tend to be in such debt . Quote:
The stimulus is designed to increase consumer spending, not investments, necessarily. Sure, some of that would go to debt payoff, but I think they'd also use a good portion of it on a treat (one of the reasons that lesser income folks have a higher MPC than those higher up on the scale... they'd be less likely to invest it and more likely to actually spend it).
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01-25-2008, 11:27 AM | #63 | |
Coordinator
Join Date: Apr 2005
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Quote:
No. I should of worded it better. My point is, who is going to pay for this? Plus, those who make above those income levels are more likely to be investors, as where middle-class to lower-class income earners are more likely to be spenders. I think you need a balance. Running up more debt just makes the long-term problems worse. Last edited by Galaxy : 01-25-2008 at 11:28 AM. |
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01-25-2008, 11:41 AM | #64 | |
Grey Dog Software
Join Date: Nov 2000
Location: Phoenix, AZ by way of Belleville, IL
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Quote:
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01-25-2008, 12:38 PM | #65 | |
Hall Of Famer
Join Date: Jan 2001
Location: Decatur, GA
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Quote:
Well, yes. We agree on the end result (bad, bad policy), we are just arguing over nits, really.
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01-25-2008, 12:45 PM | #66 |
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Join Date: Nov 2002
Location: Newburgh, NY
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The most proven way to get the money spent is more food stamps and extended unemployment benefits, but those measures don't get votes.
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01-26-2008, 09:13 AM | #67 | |
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Join Date: Apr 2002
Location: Back in Houston!
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Quote:
That's real investing! SI
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01-26-2008, 04:42 PM | #68 |
Coordinator
Join Date: Sep 2004
Location: Chicagoland
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I'm firmly of the belief that there's basically nothing the government (or the Fed) can do to stimulate the economy in the short term. I think the main benefit of "stimulus packages" are psychological in nature ("Oh good, the government is doing something. No I don't feel so bad. Maybe we'll buy that TV anyway.")
In my opinion, if you want to give the economy a kick that will strengthen it in the 2-5 year range, you start giving out grants/tax incentives for innovation (technology, biotech, pharma, etc...). Give our most innovative companies more capital to do what this country still does best - innovate. When they're successful, they'll give more back to their investors, give more back to their employees, and that will spur and strengthen the country in general. Ironically, it's exactly this kind of investment that's been systematically cut over the past 8 years (unless you've been in oil, that is). Over the long-term, it's all about creating a modern, strong economy, which is something the government has been ignoring since, probably, Eisenhower. |
01-26-2008, 05:14 PM | #69 |
College Starter
Join Date: Jun 2001
Location: The Dirty
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I wish they would put money back into the NIH for non-warfare, biotoxin, etc, studies.
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01-26-2008, 06:08 PM | #70 |
Pro Starter
Join Date: Jan 2002
Location: Pittsburgh
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Seriously people...can't we get back to the issue at hand here?
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03-18-2008, 09:37 AM | #71 |
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Join Date: Dec 2003
Location: the yo'
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Social Security numbers determine when economic stimulus checks go out
By GENE MEYER The Kansas City Star The Internal Revenue Service outlined Monday how your Social Security number will determine when you probably will get your economic stimulus check this spring or summer. The IRS said it plans to deliver 130 million checks between May 2 and July 11 based on the last two digits of the recipient’s Social Security number. According to the IRS, direct deposit payments will be made May 2 to recipients whose Social Security numbers end in 00-20. Direct deposit payments will be made a week later, May 9, to people whose numbers end in 21-75. The final round of direct deposit payments will be made May 16 to people whose numbers end in 76-99. Those who will receive paper checks are on a longer schedule. Checks will be mailed May 16 to those whose numbers end in 00-09. A second round of checks will be mailed May 23 to those whose numbers end in 10-18. A May 30 mailing will be made to people whose numbers end in 19-25. Subsequent mailings will be made June 6 to those whose numbers end in 26-38, June 13 to numbers 39-51, June 20 to numbers 52-63, June 27 to numbers 64-75, July 4 to numbers 76-87, and July 11 to those whose numbers end in 88-99. The payments of $300 each to certain low-income recipients and $600 or $1,200 to single or married taxpayers, plus additional money for families with qualifying children, will be calculated from tax returns filed by April 15. Filers also can indicate on those returns whether they want money directly deposited in a bank account or mailed to them. Late filers and anyone who owes back taxes or other debt that normally would interfere with getting a tax refund also may get either a later stimulus payment or a smaller one, the IRS said. |
03-18-2008, 10:21 AM | #72 |
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03-18-2008, 10:24 AM | #73 |
Resident Alien
Join Date: Jun 2001
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Let's see. Last two digits are... 99.
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04-25-2008, 01:30 PM | #74 |
Hall Of Famer
Join Date: Dec 2003
Location: the yo'
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hxxp://www.savvysugar.com/1576586
Looks like it may be as early as monday for some people, instead of next friday. direct deposit Last 2 Digits of SSN Date Check Will Be Sent 00-20 April 28 21-75 May 5 76-99 May 12 Paper check Last 2 Digits of SSN Date Check Will Be Sent 00-09 May 9 10-18 May 16 19-25 May 23 26-38 May 30 39-51 June 6 52-63 June 13 64-75 June 20 76-87 June 27 88-99 July 4 |
04-25-2008, 01:46 PM | #75 |
This guy has posted so much, his fingers are about to fall off.
Join Date: Nov 2000
Location: In Absentia
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Score!
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