What Will You Do With Your Economic Stimulus Check?

[Hibiki]

Yeah, and I live in Illinois, which has the highest gas prices in the continental US. It cost me over ten bucks just to drive out to pick up my check yesterday. If gas price was even 50 cents cheaper it would be wonderful, but I don't think it would help the economy much.

Not that I think this will either.

see, i'm thinking they'll ask for a cash in during tax time next year or at some inconvenient point and we're all so screwed that most won't be able to pay and boom, markets fall. although i don't have a complete grasp on the sytem and how it works. this is how i work it in my brains.

 

[Joe Kalicki]

 

[Hibiki]

ouch.

 

[Joe Kalicki]

It's okay sweety. Daddy will make sure you get that new dress.

 

[E]

see, i'm thinking they'll ask for a cash in during tax time next year or at some inconvenient point and we're all so screwed that most won't be able to pay and boom, markets fall. although i don't have a complete grasp on the sytem and how it works. this is how i work it in my brains.

I'm not sure what you mean. They can't/won't ask for the money back. Yes, you will pay taxes on the money next year, but it's income; what do you guys expect.

Hard to argue about a gas break though, especially since I drive 120 mi/day to/from work.

 

[Ultimate Houde]

I'm not sure what you mean. They can't/won't ask for the money back. Yes, you will pay taxes on the money next year, but it's income; what do you guys expect.

Hard to argue about a gas break though, especially since I drive 120 mi/day to/from work.

I use to drive that much. What I ended up doing was getting a better fuel efficient car and moved closer.

But even that's not cutting it now.

 

[AnTwan]

It really is the single biggest strain on our economy right now. Especially in the north east where heating oil is a major concern also. And they aren't treating it like income, more like a loan. We have to pay it all back eventually. The first one we got was supposed to be permanent. We just paid income tax on it. Now they are making us pay that back too. We have to give back the money and they keep the taxes they collected on it. It's a flawed system. The sad thing is someone in the administration thinks it works but it is only a short term gain. No one is thinking long-run for some reason. This is why I need to graduate and become an advisor somewhere

 

[E]

I use to drive that much. What I ended up doing was getting a better fuel efficient car and moved closer.

But even that's not cutting it now.

I bought a more fuel efficient car as well. It definitely helped.

 

[Iceshadow]

Yeah, and I live in Illinois, which has the highest gas prices in the continental US. It cost me over ten bucks just to drive out to pick up my check yesterday. If gas price was even 50 cents cheaper it would be wonderful, but I don't think it would help the economy much.

Not that I think this will either.

How much is gas there? Down here it's $2.86 for the unleaded.

 

[Joe Kalicki]

How much is gas there? Down here it's $2.86 for the unleaded.

The cheapest I've paid recently was $2.99.

 

[Ultimate Houde]

2.97

 

[Hibiki]

I'm not sure what you mean. They can't/won't ask for the money back. Yes, you will pay taxes on the money next year, but it's income; what do you guys expect.

Hard to argue about a gas break though, especially since I drive 120 mi/day to/from work.

im thinking of it like a cash advance or a loan to boost the economy. but since your confused, i doubt that's right at all.

 

[moonmaster]

:lol: :lol: :lol:

That is all.

 

[thee great one]

Wow you guys are helpful.

 

[Lynx]

I'm confused now.

AnTwan says you have to pay it back. E's saying you just have to pay taxes on it. If you have to pay it back. . .that's ridiculous. No one is going to use that money. They're just going to save it to pay back next year. If you just have to pay taxes on it, that's understandable.

SO! Which is it? A loan or taxable income?

 

[the watcher]

I'll most likely I'll save most of it. There's not a whole lot things I what to buy right now.

Canada doesn't lose!

Yeah you just stay neutral.

I'm not sure what this is.

Can someone help with the details?

Cause I will probably have to pay like I did last year.

Basicly the government (Bush) thinks that give us a tax releaf (giving back some money to us) will get us to go out and spend more money, thus stimulate and possibly saving the economy. You won't have to pay... (hopefully not in the long run)

 

[E]

SO! Which is it? A loan or taxable income?

Taxable income. Not a loan.

The government might not be too bright, but they aren't going to make unsolicited loans to people who can't pay them back, especially considering a lot of lower income individuals will be getting checks. They aren't going to allow another subprime meltdown.

 

[moonmaster]

Wow you guys are helpful.

Aw, you're welcome TOG.

 

[thee great one]

Thanks Watcher.


Now how I do find out if I am qualified for one of these?

 

[Planet-man]

How much are they giving you guys?