posted on July 21, 2001 10:41:39 AM
I'm not, and haven't, said that you must report this as taxable income. The way I read this is not your taxable income, but your tax liability. For example, say no refund checks were being sent at all. None. And your refund was going to be $800. Factor in the rebate check, for a single person of $300.
They'll get $300 now and $500 after filing their 2001 taxes, for a total of $800. Same amount of refund, just getting it to you in a defferent manner.
I'm just reporting what this article says. But I never understood this to be a rebate on 2000 taxes, but an advance on the 1st 10% of 2001 taxes.
[i]Who gets the advance payments?
In general, if you paid taxes for 2000, you may be eligible for this advance payment of the 2001 credit. Those who did not pay income taxes, could be claimed as dependents on someone else's return, and nonresident aliens are not eligible for this payment.[/i]
posted on July 21, 2001 11:41:27 AM
What is amusing is that to make last years taxes I had to kick in another $2,200.00 even on top of payroll and quarterly withholding and a $70.00 penalty for underpayment and they are sending me a rebate....
posted on July 21, 2001 12:30:35 PM
"Learn that $1.599 is very nearly $1.60 for a full GALLON of gas, not what you spewed out at 9/10 of a gallon. Learn to be quiet dear you never learn anything when your brain is not in gear and your fingers are busy typing nonsense! Your truth??"-zilvy
Are you the same ZILVY that insisted that President Clinton had never been impeached? Just curious.
Now, as far as the gas goes. Since everyone agrees that you can not pay 9/10 of a cent, then they must round up, right? Now go buy 10 gallons, dear. Let's say that gas is $1.39. If as you say it is $1.399, then 10 gallons would cost you $13.99, right? Then why is your total price only $13.90? Go try it. That means that the little 9 is not a tenth of a cent. Then what do you propose it is?
Actually, I guess I should ask that you go check and make sure Clinton was in fact impeached first, then try the gas price experiment. Wouldn't want to overload your precious little mind now, would we?
[ edited by jlpiece on Jul 21, 2001 12:36 PM ]
posted on July 21, 2001 12:40:07 PM
Another piece of misinformation from...., Zilvy never said anything about Clinton or anything political...pay attention and stay tuned folks for yet another piece of misinformation!!
posted on July 21, 2001 12:50:55 PM
Even if half the refund recipients did run head first to the nearest shopping mall with
their checks, the effect on the nation's gross domestic product would still be
negligible, says Brookings Institute's Gale.
Tax rebate checks and reduced tax withholding are expected to cost the U.S. Treasury
about $45 billion this year. Though consumer spending represents about two-thirds
of the GDP, half of the $45 billion spent would add only around two or three tenths to
the economic indicator, estimates Gale.
posted on July 21, 2001 01:06:11 PM
Now don't you go spendin that all in one place ya heah!? After all it is your duty as a 'merican to add to the economy uh huh, uh huh...and after all the money that was spent on this self serving notice of refunds....well, the little guy is out in the cold still...it's
The Republican Way!!
posted on July 21, 2001 02:50:05 PMif they really wanted to do something for this country, they could have put those BILLIONS they are dribbling out toward paying off some of the National Debt
This is the part I don't understand. Why anyone would want to put their grandchildren in debt just so they can have a quick $300.
I don't want to pay interest on the debt for the next 30 years, I would rather pay it off, and then have a real tax break
Who Need's a stink'n Sig. File?
posted on July 21, 2001 02:52:47 PM
Nice thought, but the National Debt will never be paid off as the PTB will always have somewhere else to spend the money whether you and I get a rebate or not will not make a difference in the grand scheme of indebtedness.
posted on July 21, 2001 03:00:18 PMbut the National Debt will never be paid off as the PTB will always have somewhere else to spend the money whether you and I get a rebate or not
Other than because of a war, this country never had much debt til Reagan was in office. Clinton made a start paying it off, but now we are back to the Reagan-Bush way of thinking. Put our grandkids in debt. What a Crock.
Who Need's a stink'n Sig. File?
Look on the bright side....imagine what a small portion of the yearly extortion your share is compared to those getting the 300.00 back...
Personally, I consider it a failure getting any rebate...that means I paid taxes...
Clinton made a start paying it off, but now we are back to the Reagan-Bush way of thinking.
Wait! What happened to the legislative branch? Did they eliminate it since I took high school political science? Heck, I thought they were the ones writing the laws and checking the rampant defense spending and corporate welfare of Republican presidents...well, color me stupid!
Wasn't the Legislature controlled by the Democrats until the mid 90's?
posted on July 21, 2001 03:52:32 PMWait! What happened to the legislative branch? Did they eliminate it since I took high school political science?
No, but try to get 2/3 of both houses to agree to do something a President doesn't want done, (ie, over ride a veto) and see how easy it is.
Who Need's a stink'n Sig. File?
posted on July 21, 2001 04:07:46 PM
If memory serves, the President can't unilaterally enact laws; he/she needs the approval of Congress and must pass Constitutional muster (if there's any doubt) with the Supreme Court.
So, if a debt loving Republican can't get his corporate welfare/ 1000.00 toilet seat spending plans past a miserly Democratic Congress, how do they make it into law/budget?
He can sure veto laws passed right and left but, at best, it would seem a stalemate (or status quo) would be all we could hope for....
So, what has been happening to get all these tax cuts and spending plans enacted if Congress says no...?
Finally, considering how many here think Bush is dumb as a post, how is he getting these crazy ideas into law? Didn't a Republican recently defect to the Independent party and now the Dems control Congress?
posted on July 21, 2001 04:16:56 PM
Yep we still have Congress.
And is agreed that it was a Democrat that began this 'give tax rebates' to the people.
And I guess that means that the Senate had to approve it, and that didn't take that long either, seeing that Dumb as a Post Bush had only been in office 4 or 5 months when this became law.
And the beginning of that junk mail I got begins with We are pleased to inform you that the United States Congress passed and President George W. Bush signed into law..
So yeah, we do have a Congress that passes Bills that become law....
hepburn, you must have had a lot of deductions on your 2000 tax filing, my brother got back a very small amount, but he said he had a bunch of deductions.
posted on July 21, 2001 04:33:44 PMNow, as far as the gas goes. Since everyone agrees that you can not pay 9/10 of a cent, then they must round up, right? Now go buy 10 gallons, dear. Let's say that gas is $1.39. If as you say it is $1.399, then 10 gallons would cost you $13.99, right? Then why is your total price only $13.90? Go try it. That means that the little 9 is not a tenth of a cent. Then what do you propose it is?
Never at any gas station I have ever gone to. The small 9 indicates .9 cents, the total price for 10 gallons of gas at $1.399 is $13.99. The gallons sold are metered and the pumps checked regularly by the state. You need to buy your gas somewhere else.
Ahhhhhh...Toke, I was being a tad bit sarcastic regarding the excuse you were given for the the waste of a large amount of money that was used to send out those notices. It most certainly was a waste of money and is equalivent to me sending notice that I will be paying my bills a few days before I send the check in. The notice that was sent could have been sent with the check and it would have served the same purpose while being more cost efficient. There is no valid reason that people had to be sent the notice now.
then the simple test of dividing the total amount paid by the number of gallons received ($13.65 / 8.280) would reveal the actual price per gallon.
Calculating this, one would find that the price per gallon in the above transaction is $1.648550725 (or $1.649, if you were to round off), which looks suspiciously like the amount posted on the signs at the station.
Of course, your gas station might do things differently...
posted on July 21, 2001 05:09:22 PMbut, at best, it would seem a stalemate (or status quo) would be all we could hope for....
Far from a stalemate, or the status quo, the worse case is the total and complete complete shutdown of the federal government. It almost happened several times during Reagan's tenure.
A president can darn near force the congress (unless there is enough votes to over ride a veto) to do almost anything, unless they (the legislature) are willing have the government shut down, and let the SS checks stop, the military pay checks stops, etc.
Veto power is a very strong tool, if a president has the balls to use it (Give me exactly what I want, or I veto everything and shut the government down.)
uh huh, uh huh...and after all the money that was spent on this self serving notice of refunds....well, the little guy is out in the cold still...it's
