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

[dogma512]

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?

Wrong. It's not our money. Our money has long sense been spent. In fact all of our tax revenue for then next ~4 years has already been spent . Uncle Sam is issuing treasury bonds to borrow money (from China, Europe, OPEC nations, etc.) to give everyone a check, that we get to pay interest on. Not only that, since this little scheme is inflating the national debt it will probably increase the rate of inflation and thus devaluing the funds we already have.

This type of stunt has been tried before and the result was that people took the checks and either payed down debt or deposited them into savings.

 

[entropy]

Replacing the dying TV with a 32" LCD, buying parts to finish up an AK build, and paying bills.

 

[yakkingallover]

Mine is going into savings for a house(I wish ammo) and to buy some Fairtax stickers so we can actually have the citizens we are, running the show instead of the subjects they are trying to make us by doling out legally counterfeitted money.

 

[tasco 74]

I Like A Centerfire Rifle But.......

it will probably go put to gas in my car...... i'm thinking the about the only reason this is in the works is to make bush,chaney,and the rest of the oil bandits even richer............................

 

[Lupinus]

Mine is going to pay down some credit on my cards, nothing I have is extremely high but it's my prefered debt pay off because the "money" is still there if and when needed.

It is likely to end up partly paying for a trip to Charleston later this year

 

[Ala Dan]

No Gun

car tune up, rest for fuel~!

 

[Cosmoline]

This entire economy is set to crash and burn over fuel prices and they're sending out absurd little bonus checks.

One thing I can promise, anything I get won't go for gasoline! I don't buy gasoline anymore. I run on air and bratwurst.

 

[Jeff F]

I think I will add some to it and get his and her Ar's.

 

[Lupinus]

Cos-

More money to buy party supplies and ammo to defend against the zombie hordes.

 

[mgregg85]

Man I want a 10mm, perhaps a glock 29.

Might just have to pay those damn bills though.

 

[LeafsFan]

I bought a couple thousand rounds of ammo a month ago so this will cover that expense, and the rest will go into savings.

 

[Kind of Blued]

My Tax lady told me that you get the check this year and next year they take it back out of your next refund.
So whats the point?

Not true, although I heard we were having a problem with "tax people" spreading this. That was that case the last time this stunt was attempted, I believe in 2000, but this one is different.

I don't buy gasoline anymore. I run on air and bratwurst.

If you're like me, one of those creates the other with a little help from my internal organs. I may have to try that! Renewable fuel? With cheddar? Sounds good to me.

 

[Bendutro]

I'm one of those that was in a negative bracket this year because I'm finishing my BSME (3 weeks left!) and I have two young kids.

Wife and I will receive the maximum $1200 +300/kid. Plan on investing some, but also plan on buying a book or two about von Mises economic theory and Maybe a book from Murray Rothbard so I can teach my kids in years to come about the folly of excessive fiscal intervention and the serious dangers of wealth redistribution schemes.

 

[XD-40 Shooter]

I've already spent my stimulus check, just waiting for it to drop into my account, I chose direct deposit, so it shouldn't be long.

Here's what I got :

Wideners = 11,000 Wolf Small Pistol Primers, $229 delivered.

Sportsmansguide = 500 rounds Wolf 7.62x39, Bianchi XD holster, target stand, 2 boxes CCI maxi-mag 22 magnum, 2 boxes Hornady Tap 155 grain 40 S&W, 10 pack of target backers, and 6 silicone gun wipes. This order came out to $270 delivered.

I think I did alright.

 

[Rugerlvr]

Spent. CMP correct grade SA M1 Garand and 1300 rounds of HXP .30-06

 

[jfountain2]

well I was going to get a S&W M&P but my TV just went out Sunday so I think I will have a hard time convincing my wife she doesn't need a TV and I need another gun....

 

[usmarine0352_2005]

I spent mine a month ago on a "52 inch Samsung Flatscreen LCD TV and PS 3.



LOL.


No guns for me.

 

[usmarine0352_2005]

Save it. Wait till gas hits $4 a gallon this summer and you'll be selling that new rifle you bought to pay for gas

At the rate it's going, I see $1,200 just covering 1 tank of gas.

YAY

 

[shooter94]

President Bush's tax rebate checks are going out the door! Electronic checks are being deposited into checking accounts now and May 9th is the start up date for hard copy checks.

So, do you plan on a gun purchase with the rebate money? If so, what gun?

With so many guns on allocation or back order, I just might try to find a used GI Springer...

I've heard the credit card companies are gearing up for the rebates by raising interest rates...

 

[Arkansas Smith]

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

What I'd give to be able to say that. I can barely afford food, gas and rent. Mine is going to pay off a credit card also.

 

[2TransAms]

I paid a crapload of taxes on 4/15. Now they're kicking back a little bit to stimulate the economy,which I in turn am giving right back to the county for property taxes. The Feds are basically paying my property taxes.

 

[catfish101]

Fuel which will end up in the Middle east.

 

[flynlr]

it will be a True rebate for me. after sending them a check for 1700 on april 15th , we get back 1200.
.
Now when can i get back the other 10k I paid to em last year.

 

[Elza]

Ltlabner: 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".

Add me to that list.

 

[Wayne G.]

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.

AMEN! And our grandchildren get the tab.
I don't even have kids yet by the way.