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| Topic: Taxes | |
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Lindyy says:
Re: 2008 Stimulas plan tax rebates From IRS.gov Q. Is my stimulus payment taxable? A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received. 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. Q. I don’t qualify for a stimulus payment based on my 2007 return. But my tax situation will be different in 2008. Will I qualify for any special benefit? A. Possibly. The 2008 tax instructions will include a worksheet to help those who did not qualify for a payment or those who received a reduced amount determine if they can obtain a benefit when they file their 2008 tax returns next year. Q. I'm eligible for a payment but I still owe federal income tax from a prior year. Will my payment be reduced? A. Yes. For this purpose, the stimulus payment is treated like any other tax refund. This means that part or all of your payment can be used to pay past-due federal or state income taxes or non-tax federal debt such as student loans and child support. If this occurs, you will receive a letter explaining how the stimulus payment was applied. Q. Why is IRS sending out two notices on the stimulus payments? A. The first notice will be general in nature, informing the recipient the IRS is preparing to disburse payments beginning in May. The second notice will be more specific, informing the recipient how much to expect in the payment and when it should arrive. [New 2/27/08] HOPES THIS HELPS SOME OF YOU WITH YOUR QUESTIONS. Lindyy 
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in May you should get an extra $600.00 from the stimulus package... Go crazy with it!! no this is not taxable income |
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Warren Buffet, the second richest man in the world, pays a lower percentage of his income than you. Think about that in November and vote for the Democrat! that may be true but he still pays a lot more than I do. And if I had his skills, I would have his money too. He earned it, not me. The only reason why Warren Buffet is an issue, is because he himself came out and said he was getting taxed far less than he should be.. Apparantly, he showed the percentages and it was far less than the average citizen.. The rich already have a break.. They make money off interest rates where the middle class get screwed on the same.. They don't need the tax breaks.. In the future, when we have a fiscally responsible (non republican) president.. They can cut taxes for the rich all they want... Right now, facing the ever growing record deficit.. It's best for the country as a whole, to raise taxes on the rich.. The rich don't have that much an effect on the economy anyways... They have plenty of money to put into the market as is.... I am so far from rich it's not funny - let's get that straight. But I think there is something inherently wrong in part of the population working hard and taking risks and then being told that because they did, they now are going to be punished by having to pay in more for people who didn't have the intelligence or drive to do what they did. If you want money, go make it just like they did. This is the land of opportunity. Why should the rich subsidize the poor? It's just not fair. Would you want to be told that the harder you work, the more you have to pay? So some slow poke who likes to sleep late can pay less tax? It's just not right. I'm not sure where you're coming from by quoting me with that.. I'm talking about what's best for the country.. And as we see, it's best for the country as a whole to pay off this deficit.. We've seen that Bush's "trickle down" tax cuts are not working.. Just like they didn't work when Reagan did a similar cut.. Giving money to the people who will actually spend it is what seems to work best at stimulating the economy.. (hence the recent "stimulous" package.. Gives people jobs and creates more wealth for the rich in the process.. The world is not a fair place.. If it was, I wouldn't be watching snobs on TV constantly spending Daddy's millions on a birthday party.. So it works both ways here.. You act as if the poor and "lazy" have some wonderfull life.. And millionares just can't bare a 5% tax hike. Gimme a break.. I guess my question really is why should they pay more? Because they have it? They worked for it. Would you want to be penalized and told that the harder you work and the more successful you are, the more you have to pay? It is not a question of fair so much as right. And who cares if a rich kid has a big birthday party? It's their money to spend as they see fit. If you want to live that way, go ahead - make the money yourself. The answer for me.. Is that the country needs them to right now.. I have no problem with an equal percentage rate when we're not drowning in debt.. Remember, the whole start of this topic was because Warren Buffet came out and said he was getting taxed at a far less percentage rate than the middle class was.. So with that argument.. The rich are getting taxed at a lesser rate than the middle class.. And as far as "they worked for it".. I've heard that the overwhelming majority of the overly wealthy in the U.S. did NOT in fact work for it.. They inherited it.. I think you give the rich too much credit... |
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Warren Buffet, the second richest man in the world, pays a lower percentage of his income than you. Think about that in November and vote for the Democrat! that may be true but he still pays a lot more than I do. And if I had his skills, I would have his money too. He earned it, not me. The only reason why Warren Buffet is an issue, is because he himself came out and said he was getting taxed far less than he should be.. Apparantly, he showed the percentages and it was far less than the average citizen.. The rich already have a break.. They make money off interest rates where the middle class get screwed on the same.. They don't need the tax breaks.. In the future, when we have a fiscally responsible (non republican) president.. They can cut taxes for the rich all they want... Right now, facing the ever growing record deficit.. It's best for the country as a whole, to raise taxes on the rich.. The rich don't have that much an effect on the economy anyways... They have plenty of money to put into the market as is.... I am so far from rich it's not funny - let's get that straight. But I think there is something inherently wrong in part of the population working hard and taking risks and then being told that because they did, they now are going to be punished by having to pay in more for people who didn't have the intelligence or drive to do what they did. If you want money, go make it just like they did. This is the land of opportunity. Why should the rich subsidize the poor? It's just not fair. Would you want to be told that the harder you work, the more you have to pay? So some slow poke who likes to sleep late can pay less tax? It's just not right. I'm not sure where you're coming from by quoting me with that.. I'm talking about what's best for the country.. And as we see, it's best for the country as a whole to pay off this deficit.. We've seen that Bush's "trickle down" tax cuts are not working.. Just like they didn't work when Reagan did a similar cut.. Giving money to the people who will actually spend it is what seems to work best at stimulating the economy.. (hence the recent "stimulous" package.. Gives people jobs and creates more wealth for the rich in the process.. The world is not a fair place.. If it was, I wouldn't be watching snobs on TV constantly spending Daddy's millions on a birthday party.. So it works both ways here.. You act as if the poor and "lazy" have some wonderfull life.. And millionares just can't bare a 5% tax hike. Gimme a break.. I guess my question really is why should they pay more? Because they have it? They worked for it. Would you want to be penalized and told that the harder you work and the more successful you are, the more you have to pay? It is not a question of fair so much as right. And who cares if a rich kid has a big birthday party? It's their money to spend as they see fit. If you want to live that way, go ahead - make the money yourself. The answer for me.. Is that the country needs them to right now.. I have no problem with an equal percentage rate when we're not drowning in debt.. Remember, the whole start of this topic was because Warren Buffet came out and said he was getting taxed at a far less percentage rate than the middle class was.. So with that argument.. The rich are getting taxed at a lesser rate than the middle class.. And as far as "they worked for it".. I've heard that the overwhelming majority of the overly wealthy in the U.S. did NOT in fact work for it.. They inherited it.. I think you give the rich too much credit... I know that somebody worked for it and I know it wasn't me. What started this whole argument was some chick whining because she is getting a small refund and thinks that someone who makes more should subsidize her. I disagree. I don't think she had any concerns about the country or anything else besides her next trip to Abercrombie & Fitch. |
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Warren Buffet, the second richest man in the world, pays a lower percentage of his income than you. Think about that in November and vote for the Democrat! that may be true but he still pays a lot more than I do. And if I had his skills, I would have his money too. He earned it, not me. The only reason why Warren Buffet is an issue, is because he himself came out and said he was getting taxed far less than he should be.. Apparantly, he showed the percentages and it was far less than the average citizen.. The rich already have a break.. They make money off interest rates where the middle class get screwed on the same.. They don't need the tax breaks.. In the future, when we have a fiscally responsible (non republican) president.. They can cut taxes for the rich all they want... Right now, facing the ever growing record deficit.. It's best for the country as a whole, to raise taxes on the rich.. The rich don't have that much an effect on the economy anyways... They have plenty of money to put into the market as is.... I am so far from rich it's not funny - let's get that straight. But I think there is something inherently wrong in part of the population working hard and taking risks and then being told that because they did, they now are going to be punished by having to pay in more for people who didn't have the intelligence or drive to do what they did. If you want money, go make it just like they did. This is the land of opportunity. Why should the rich subsidize the poor? It's just not fair. Would you want to be told that the harder you work, the more you have to pay? So some slow poke who likes to sleep late can pay less tax? It's just not right. I'm not sure where you're coming from by quoting me with that.. I'm talking about what's best for the country.. And as we see, it's best for the country as a whole to pay off this deficit.. We've seen that Bush's "trickle down" tax cuts are not working.. Just like they didn't work when Reagan did a similar cut.. Giving money to the people who will actually spend it is what seems to work best at stimulating the economy.. (hence the recent "stimulous" package.. Gives people jobs and creates more wealth for the rich in the process.. The world is not a fair place.. If it was, I wouldn't be watching snobs on TV constantly spending Daddy's millions on a birthday party.. So it works both ways here.. You act as if the poor and "lazy" have some wonderfull life.. And millionares just can't bare a 5% tax hike. Gimme a break.. I guess my question really is why should they pay more? Because they have it? They worked for it. Would you want to be penalized and told that the harder you work and the more successful you are, the more you have to pay? It is not a question of fair so much as right. And who cares if a rich kid has a big birthday party? It's their money to spend as they see fit. If you want to live that way, go ahead - make the money yourself. The answer for me.. Is that the country needs them to right now.. I have no problem with an equal percentage rate when we're not drowning in debt.. Remember, the whole start of this topic was because Warren Buffet came out and said he was getting taxed at a far less percentage rate than the middle class was.. So with that argument.. The rich are getting taxed at a lesser rate than the middle class.. And as far as "they worked for it".. I've heard that the overwhelming majority of the overly wealthy in the U.S. did NOT in fact work for it.. They inherited it.. I think you give the rich too much credit... I know that somebody worked for it and I know it wasn't me. What started this whole argument was some chick whining because she is getting a small refund and thinks that someone who makes more should subsidize her. I disagree. I don't think she had any concerns about the country or anything else besides her next trip to Abercrombie & Fitch. Well, I was talking about the top of this quote.. So, my bad.. Two differant things.. |
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Warren Buffet, the second richest man in the world, pays a lower percentage of his income than you. Think about that in November and vote for the Democrat! that may be true but he still pays a lot more than I do. And if I had his skills, I would have his money too. He earned it, not me. The only reason why Warren Buffet is an issue, is because he himself came out and said he was getting taxed far less than he should be.. Apparantly, he showed the percentages and it was far less than the average citizen.. The rich already have a break.. They make money off interest rates where the middle class get screwed on the same.. They don't need the tax breaks.. In the future, when we have a fiscally responsible (non republican) president.. They can cut taxes for the rich all they want... Right now, facing the ever growing record deficit.. It's best for the country as a whole, to raise taxes on the rich.. The rich don't have that much an effect on the economy anyways... They have plenty of money to put into the market as is.... I am so far from rich it's not funny - let's get that straight. But I think there is something inherently wrong in part of the population working hard and taking risks and then being told that because they did, they now are going to be punished by having to pay in more for people who didn't have the intelligence or drive to do what they did. If you want money, go make it just like they did. This is the land of opportunity. Why should the rich subsidize the poor? It's just not fair. Would you want to be told that the harder you work, the more you have to pay? So some slow poke who likes to sleep late can pay less tax? It's just not right. I'm not sure where you're coming from by quoting me with that.. I'm talking about what's best for the country.. And as we see, it's best for the country as a whole to pay off this deficit.. We've seen that Bush's "trickle down" tax cuts are not working.. Just like they didn't work when Reagan did a similar cut.. Giving money to the people who will actually spend it is what seems to work best at stimulating the economy.. (hence the recent "stimulous" package.. Gives people jobs and creates more wealth for the rich in the process.. The world is not a fair place.. If it was, I wouldn't be watching snobs on TV constantly spending Daddy's millions on a birthday party.. So it works both ways here.. You act as if the poor and "lazy" have some wonderfull life.. And millionares just can't bare a 5% tax hike. Gimme a break.. I guess my question really is why should they pay more? Because they have it? They worked for it. Would you want to be penalized and told that the harder you work and the more successful you are, the more you have to pay? It is not a question of fair so much as right. And who cares if a rich kid has a big birthday party? It's their money to spend as they see fit. If you want to live that way, go ahead - make the money yourself. The answer for me.. Is that the country needs them to right now.. I have no problem with an equal percentage rate when we're not drowning in debt.. Remember, the whole start of this topic was because Warren Buffet came out and said he was getting taxed at a far less percentage rate than the middle class was.. So with that argument.. The rich are getting taxed at a lesser rate than the middle class.. And as far as "they worked for it".. I've heard that the overwhelming majority of the overly wealthy in the U.S. did NOT in fact work for it.. They inherited it.. I think you give the rich too much credit... I know that somebody worked for it and I know it wasn't me. What started this whole argument was some chick whining because she is getting a small refund and thinks that someone who makes more should subsidize her. I disagree. I don't think she had any concerns about the country or anything else besides her next trip to Abercrombie & Fitch. Well, I was talking about the top of this quote.. So, my bad.. Two differant things.. Gotcha. No prob. 
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