Mullenite Posted April 26, 2008 Report Share Posted April 26, 2008 As you have heard, most of us will be getting a rebate check to stimulate the economy. If we spend the money at Wal-Mart, all the money will go to China. If we spend it on gasoline, it will go to the Arabs. If we purchase a computer, it will go to India. If we purchase fruits & vegetables, it will go to Mexico, Honduras, & Guatemala. If we purchase a good car, it will go to Japan. If we purchase useless stuff, it will go to Taiwan. None of which will help the American Economy. We need to keep that money here in America. The only way to keep that money here at home is to spend it at Yard Sales since those are the only businesses still in the U.S. Quote Link to comment Share on other sites More sharing options...
MorningStar Posted April 26, 2008 Report Share Posted April 26, 2008 What about Farmers' Markets? Restaurants? I'm sure there are lot of places besides yard sales that would benefit Americans. Quote Link to comment Share on other sites More sharing options...
skalenfehl Posted April 26, 2008 Report Share Posted April 26, 2008 Spend your rebate checks paying down your debts or building your food storage. Folks who sell their stuff at yard sales will just end up going to Wal Mart for some shopping anyway. Quote Link to comment Share on other sites More sharing options...
Kirajo Posted April 26, 2008 Report Share Posted April 26, 2008 Haha, I'm with skalenfehl on this one. We're gonna stash ours in savings and use it for schooling and bills most likely. Woohoo!! Quote Link to comment Share on other sites More sharing options...
WillowTheWhisp Posted April 26, 2008 Report Share Posted April 26, 2008 The UK usually follows the USA with ideas so I wonder if they'll follow this one too? It would be nice. :) Quote Link to comment Share on other sites More sharing options...
Guest JHM-in-Bountiful Posted April 26, 2008 Report Share Posted April 26, 2008 My rebate check will help finance my move from Iowa To Bountiful,Utah. Quote Link to comment Share on other sites More sharing options...
Moksha Posted April 26, 2008 Report Share Posted April 26, 2008 So how does this work? Does everyone who filed an income tax return get a rebate? Quote Link to comment Share on other sites More sharing options...
skalenfehl Posted April 26, 2008 Report Share Posted April 26, 2008 The way I understand it it's $600 per person/$1200 per married couple, plus $300 for each child that has a SS number.The 2008 IRS Tax Rebate Checks DetailsChecks are going out very soon according to you SS number:Social Security number to decide when tax rebate check issued | Freep.com | Detroit Free PressMine come on May 2! Quote Link to comment Share on other sites More sharing options...
pam Posted April 26, 2008 Report Share Posted April 26, 2008 As you have heard, most of us will be getting a rebate check tostimulate the economy. If we spend the money at Wal-Mart, all the moneywill go to China. If we spend it on gasoline, it will go to the Arabs.If we purchase a computer, it will go to India. If we purchase fruits &vegetables, it will go to Mexico, Honduras, & Guatemala. If we purchasea good car, it will go to Japan. If we purchase useless stuff, it willgo to Taiwan. None of which will help the American Economy. We need tokeep that money here in America. The only way to keep that money here athome is to spend it at Yard Sales since those are the only businessesstill in the U.S. I have gotten that forwarded to me about 20 times in e-mails now. Quote Link to comment Share on other sites More sharing options...
pam Posted April 26, 2008 Report Share Posted April 26, 2008 The way I understand it it's $600 per person/$1200 per married couple, plus $300 for each child that has a SS number.The 2008 IRS Tax Rebate Checks DetailsChecks are going out very soon according to you SS number:Social Security number to decide when tax rebate check issued | Freep.com | Detroit Free PressMine come on May 2! Since I didn't request direct deposit looks like I have to wait till June 27th. Which is okay with me. Something to look forward to and won't spend it as quickly. Quote Link to comment Share on other sites More sharing options...
miztrniceguy Posted April 26, 2008 Report Share Posted April 26, 2008 actually, the ammount you get varies. we are not going to get the 600 for our 2 children because according to the worksheet our tax liability was too low (0). we get back more than we paid, actually. Quote Link to comment Share on other sites More sharing options...
ztodd Posted April 26, 2008 Report Share Posted April 26, 2008 I personally don't understand how this will "stimulate our economy" or what that even means. Even if we managed to keep all the money we spend within our country. We're saving our money. Building up our emergency fund. Quote Link to comment Share on other sites More sharing options...
skalenfehl Posted April 26, 2008 Report Share Posted April 26, 2008 Well, the government has to sugar coat it somehow. There are enough "kool-aid" drinkers across the country that "drink up" everything they hear on TV and mainstream news so why not call it a stimulus package? Quote Link to comment Share on other sites More sharing options...
lostnfound Posted April 27, 2008 Report Share Posted April 27, 2008 lol...this is funny our rebate check paid taxes.. Quote Link to comment Share on other sites More sharing options...
mightynancy Posted April 27, 2008 Report Share Posted April 27, 2008 Delicious irony, lostnfound! Our rebate is staying local....to the mechanic. Our Jeep needs a new tranny. I was soooo happy when DH got the Jeep, and sooooo sad for him when it broke. Quote Link to comment Share on other sites More sharing options...
SMG Posted April 27, 2008 Report Share Posted April 27, 2008 I won't be seeing a cent of my rebate. Using it to put a payment on my loan. At least it will be that much less interest I have to pay off when I graduate. >.< Quote Link to comment Share on other sites More sharing options...
skalenfehl Posted April 29, 2008 Report Share Posted April 29, 2008 Got my rebate money sent to me today. Time to pay down some debt! Quote Link to comment Share on other sites More sharing options...
tubaloth Posted April 29, 2008 Report Share Posted April 29, 2008 Sent? Like in the mail? I'm not suppose to get it until Mid June. There are plenty of things you can buy that well keep (at least most of the money) in the country. I probably as going to save it, but after seeing what I'm missing on HDTV, I think thats what I'll use it for. Quote Link to comment Share on other sites More sharing options...
Maureen Posted April 29, 2008 Report Share Posted April 29, 2008 pam said:Since I didn't request direct deposit looks like I have to wait till June 27th....I love direct deposit - I highly recommend it. Quote Link to comment Share on other sites More sharing options...
skalenfehl Posted April 30, 2008 Report Share Posted April 30, 2008 Sent? Like in the mail?I always file EFT (electronic fund transfer). Quote Link to comment Share on other sites More sharing options...
Jbs2763 Posted April 30, 2008 Report Share Posted April 30, 2008 i havent got mine yet, i'm hoping i get it this week, i'm gonna buy a set of tires for my pickup.... Quote Link to comment Share on other sites More sharing options...
Traveler Posted April 30, 2008 Report Share Posted April 30, 2008 The government is backwards. Let me explain the difference between wealth and poverty. Most people think wealth is determined by the amount of money you have. You can have tons of money and still be in the “bondage” of poverty. You are broke when you have spent all your money.Wealth is determined by your use of money not the amount of it. If money is for spending (as this thread implies) then money is just a means of entrapping the foolish in poverty. One can only become wealthy by investing. One can only invest if they do not spend all their money. One can only avoid spending all their money if they save. One can only save that which they never intend to ever spend. One can only be guaranteed to have money if they know how to earn money. One learns to earn money by work. One learns to work by doing things that are worthwhile. And so the cycle continues.I am convinced that the politicians (especially the liberal) politicians want to make this a country of poor people. In essence poor people are people that do not invest. Listen to the politicians. When they say they want to tax the rich and give tax breaks to the poor they are really saying that they want to prevent anyone from investing and they want to force as much as they can the need to spend to survive and reliance on the government.I am not kidding about the hatred that has developed towards investors. I have posted before that I have saved and invested my whole life. This year I am investing a good chunk of money and taking a risk. A risk that will help the economy and create new jobs but the government so hates this concept that they want to tax my investment at a high percentage before I even take a dime of profits. But if I were to spend the money I could create all kinds of tax breaks. I could spend hundreds of thousands of dollars on luxury business vacations and get wonderful tax breaks. Did any of you see where one CEO just gave back 460 million of his benefits from a quarter because the company lost money? Sorry for the rant – go a head and spend your brains out. We’ll tax the investors to death. Think I am wrong – when was the last time you heard a politician talk about giving tax breaks to investors?The Traveler Quote Link to comment Share on other sites More sharing options...
Alaskagain Posted April 30, 2008 Report Share Posted April 30, 2008 I do not think you are wrong at all, The Traveler. Quote Link to comment Share on other sites More sharing options...
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