Tax rebate. How will you spend it? (Merged threads)

[MakAttak]

See I clicked this thinking I'd hear what President Bush is doing with HIS rebate check...

Me? I'm think a CMP Garand... drool....

 

[ImARugerFan]

Maybe some carpet, window trim, etc.. for the house.

 

[SRT1]

Mines going straight into the bank to cover the upcoming real estate taxes. Meh. I'd rather use it for a Dan Wesson CBOB.
The government giveth, and the government taketh away.

 

[dcoop]

You should get something:

Eligibility for the stimulus payment is subject to maximum income limits. The payment, including the basic amount and the amount for qualifying children, will be reduced by 5 percent of the amount of income in excess of $75,000 for individuals and $150,000 for those with a Married Filing Jointly filing status.

Source: http://usgovinfo.about.com/od/incometaxandtheirs/a/irsonrebate.htm

 

[Paragon]

Getting the driveway paved. Pretty lame, eh?

 

[ken grant]

It is not a TRUE Tax rebate. There are millions who will recieve it that paid NO TAXES at all.

I don't think it should happen. The only ones who will get benifit are the Chinese.
The USA borrows the money from China and most people will spend their so-called rebate on goods from China.

 

[ApexinM3]

Ammo. As much as I can get with that money, too.

 

[v35]

Mines going right back into savings to replace the money that went out a couple of weeks ago to pay the taxes. Not really sure how that is going to "stimulate the economy".

Ditto.

 

[eric.cartman]

Credit cards: paid off!
Dell preferred account: paid off!
Bank credit line: NOT paid off with $2800 more to go

Man, I spent over 15K paying off debt in last 18 months. So this isn't going to stimulate the economy

No guns for me on this one. Need to get out of debt and wife wants a TV for the living room

 

[IllHunter]

I concurr with ApexinM3

Ammo in every caliber I own, every penny and maybe some more.

 

[misANTHrope]

I suspect I won't be getting one. See, I owe the DoD money from my abortive NROTC scholarship... last year my meager tax refund was, um, redirected. Wouldn't be surprised if this check got the same treatment...

 

[Rokyudai]

Visa monster to be fed.

I have one of two school loans that I will pay off.

I want my wife to take some to buy something nice for herself but she will probably put it towards something for the house.


I bought a beautiful S&W 629-2 this past weekend, I think I'm done for now.

 

[Cogster1]

870 Express

Finally going to get the shotgun back that I should have never sold in the first place. All those people that say "NEVER!" to selling a gun - I agree 100%

 

[ZeSpectre]

New house so.....
New water heater
New washer
New dryer

Not upset about it though since it is now MY house I'm spending my money on, not someone else's rental!

 

[Standing Wolf]

It's not Bush's money. It's ours.

We earned it. We gave way too much of it to local, state, and federal government. Now we're grateful we're getting a little of it back?

I say we tighten the leash and make government do with a lot less money across the board.

 

[41magsnub]

Hell, at least you all get checks. I get nothing (combined salary of wife and I is too high)

Quit your job so you make less money, then you could get the check. Wait.. that logic doesn't seem to work out...

 

[45Badger]

It is not a TRUE Tax rebate. There are millions who will recieve it that paid NO TAXES at all.

I don't think it should happen

Ditto. It's a bull$hit, lazy, election year pandering move by both parties to buy votes and make us think they are doing something for us. It's our money in the first place. We sent it in, they wasted it trying to bail out every overleveraged idiot or business involved in mortgaged backed securities, and now we're supposed to be grateful that they pass out (borrowed from the future) chump change.

Those of us who live within our means (no consumer debt!), have 30 year fixed mortgages at 6%, save 10-15% of our income, and don't speculate on high risk portfolios are screwed. Earning too much to qualify for a rebate makes it even nicer

From all of us (the few who live wisely within our means) to all of you (the many who don't) a simple request-

Please spend it wisely. Invest in college or retirement funds, or use it to buy daily consumables (food, gas, domestic ammo, etc). Don't use it to buy crap that depreciates 20-50% the minute you walk out the door or drive it home. Please don't pass your bad financial choices onto our children's backs through a higher national debt. As it is, they are already in debt up to their eyeballs, and will be hard pressed to maintain our standard of living.

Rant over

 

[strat81]

Jeez, ANOTHER one of these threads?????????

 

[eflatminor]

Show me one economist

Show me one economist, just ONE, that thinks our government not spending enough money is the reason for the sluggish ecomony. Anyone here, economist or not, really believe the anwser is to spend MORE?!

These checks are not going to stimulate anything and will only put our country deeper into debt. If I ran my house or my business with regard to debt the way our government is run, I'd have been out on the street long ago.

 

[Avenger29]

These checks are not going to stimulate anything and will only put our country deeper into debt. If I ran my house or my business with regard to debt the way our government is run, I'd have been out on the street long ago.

Yep. It's real easy for the gov't to spend what isn't rightfully their's in the first place.

But, if I get a check, I'm going to put it towards an AR-15. I need a decent fighting rifle for the coming collapse...I'm a student. I have a decent job and keep my GPA up so I am eligible for scholarship money. I had to pay $1200 per semester last year out of my own pocket, but this year, I am not going to have to spend as much. I have no debts, and no evil credit card to get me in trouble (not planning on having one, either). Makes life a bit more difficult as far as obtaining stuff (difficult to order off of internet w/o credit card). But saves me money. (MidwayUSA and Amazon.com would own me if I had a credit card).

 

[Crow1108]

I'm not getting a single penny. My wife has a Tax ID number rather than a social security number (she's a resident alien). According to the IRS website, we won't even get the single rate :banghead: .

 

[PTK]

Already paid off my credit cards (I refuse to carry debt), so this money will just go into either a Quigley rifle I have my eyes on, or a few crates of 7.62x54R

It's not Bush's money. It's ours.

We earned it. We gave way too much of it to local, state, and federal government. Now we're grateful we're getting a little of it back?

I say we tighten the leash and make government do with a lot less money across the board.

Well said, sir!

 

[jerkface11]

The governments answer to inflation is to print more money. It's almost like they don't know what they're doing.

 

[PTK]

The governments answer to inflation is to print more money. It's almost like they don't know what they're doing.

Almost? Only almost? They don't know what they're doing, financially. That much has been painfully obvious since the early 1900s, and fairly evident since the 1800s.

 

[Waitone]

The stimulus is nothing of the such. The check payment is a way to conduct a census. All kinds of interesting information will be developed from the filing. The giveaway was setting the income level low but having to have filed in 2008.