 Where's My $600 Economic Stimulus Check?
from Girl600.com
January 27, 2008
Rich, Better Have My Money New Rims for Everybody. It's like Oprah is running the country. Look up under your chair, its yo stimulus check. How the stimulus would workHow much are the tax rebates? The amounts would vary based on how much tax you paid in 2007 and whether you have children. Here's how it breaks out: * Most people would get a rebate of $600 per individual or $1,200 per married couple filing jointly. * But if the tax you paid last year was between $300 and $600 per person or between $600 and $1,200 per couple, you would get a rebate of the tax you paid. * If you worked last year but paid little or no federal income tax, you would get a flat rebate of $300 per individual or $600 per married couple. * In addition to the above amounts, parents would get $300 per qualifying child. What is a qualifying child? The definition is long. The short version is a child under the age of 17 whom you support and who lives with you more than half the year. We're a married couple with four young children. What would we get? If you earn $150,000 or less, you probably would get $2,400. That's $1,200 for you and your spouse, plus $300 for each of your dependent children younger than 17. But if you paid less than $1,200 in tax in 2007, your rebate could be reduced. Who wouldn't get rebates? About 17 million higher-income households. The rebates would be phased out for singles earning more than $75,000 of what your tax form calls adjusted gross income, and couples with more than $150,000 of such income. mentioned in this podcast: money,finance,politics,Washington DC, economy,history,George Bush, republicans, democratics, elections
|
