grammy838 Posted April 28, 2008 Report Share Posted April 28, 2008 Today is April 28th. Did any one receive the stimulus package today that was supposed to receive it this Friday? Just curious. Link to comment Share on other sites More sharing options...
NYKristen Posted April 28, 2008 Report Share Posted April 28, 2008 Today is April 28th. Did any one receive the stimulus package today that was supposed to receive it this Friday? Just curious. Nothing yet...but I found this article: Tax Rebates Come A Week Early WASHINGTON, April 26, 2008 -------------------------------------------------------------------------------- (AP) President Bush said tax rebates will start going out Monday, earlier than previously announced, and should help Americans cope with rising gasoline and food prices, as well as aid a slumping economy. Democrats said they were glad the rebate checks were about to go out, but suggested that multinational oil companies were not among the businesses the stimulus package was originally designed to help. "Starting Monday, the effects of the stimulus will begin to reach millions of households across our country," Bush said Friday in remarks on the South Lawn of the White House. Those first rebates will be directly deposited into people's bank accounts. The Internal Revenue Service had been saying direct deposits wouldn't start until next Friday. Bush said paper checks would begin going out on May 9, a week earlier than previously announced. "The money is going to help Americans offset the high prices we're seeing at the gas pump, the grocery store, and also give our economy a boost to help us pull out of this economic slowdown," Bush said. Bush's emphasis on fuel and food prices differed from other comments he's made since signing the economic stimulus legislation, intended to aid the economy by boosting overall consumer spending — which accounts for roughly two-thirds of the nation's economic activity. Bush has suggested the rebates could trigger a spending spree. "When the money reaches the American people, we expect they will use it to boost consumer spending," he said last month. By saying expressly that people could use these one-time checks to pay for such necessities as food and gas, Bush underscored the deepening challenges facing the economy. Democrats were quick to pick up on the change of focus. "It's galling to think that taxpayers' stimulus checks will be lining the pockets of OPEC. The sad truth is that the average American family will spend almost their entire stimulus check on higher gas prices this year," said Sen. Charles Schumer, D-N.Y., chairman of the Joint Economic Committee of Congress. OPEC is the Organization of Petroleum Exporting Countries. "Unless the administration gets OPEC to increase oil supply, American consumers are going to be in for a scorching summer of $4 gasoline with no relief in sight," Schumer said. House Speaker Nancy Pelosi, D-Calif., agreed that people "need this rebate to cope with the rising cost of gas and groceries." She said that, while the rebates would help to get the economy moving, there was a need for a second stimulus package "and we have begun some conversation with the administration and Republicans." As he had earlier in the week, Bush used the word "slowdown" to describe the state of the economy. He has denied that the nation is in a recession, although many economists say it is. "It's obvious our economy is in a slowdown. But, fortunately, we recognized the signs early and took action," Bush said. The rebates — up to $600 for an individual, $1,200 for a couple and an additional $300 for each dependent child — are the centerpiece of the government's $168 billion stimulus package, enacted in February. Roughly 130 million households are expected to get them. Bush made the comments before boarding his helicopter at the start of a day trip to Connecticut. People must file a tax return for their 2007 income to be eligible for a rebate check. The IRS now says all checks for those who filed tax returns on time are scheduled to be deposited or mailed by July 11. The economy — burdened by the collapse of home prices, a financial and credit crisis, and now rising energy and food prices — grew at an anemic 0.6 percent in the final three months of last year and is believed to have gotten even weaker in the first three months of this year. The government will report on the first quarter's performance next week. With the economy faltering, the nation's unemployment rate has climbed to 5.1 percent, the highest since September 2005, when it suffered from the devastating blows of the Gulf Coast hurricanes. Job losses in the first three months of this year neared the quarter-million mark. Foreclosures have surged to record highs and financial companies have taken multibillion losses on mortgage investments that soured. The situation has sent a tremor through Wall Street and has sent the administration, Congress and presidential contenders looking for ways to provide relief. Link to comment Share on other sites More sharing options...
grammy838 Posted April 28, 2008 Author Report Share Posted April 28, 2008 I saw that too. I haven't received mine either, but I wasn't sceduled to get it until May 9, maybe it'll come next Monday? Link to comment Share on other sites More sharing options...
Charmed Posted April 28, 2008 Report Share Posted April 28, 2008 I got mine!!! WOOHOO!!!! Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 Don't everyone get your panties in a bunch...you'll all get your undeserved money. Link to comment Share on other sites More sharing options...
debbers84 Posted April 28, 2008 Report Share Posted April 28, 2008 Don't be the good american DONT GO OUT AND SPEND IT ON CRAP!!!!!!!!!!!!! PAY OFF BILLS!!!!!!!!!! Link to comment Share on other sites More sharing options...
grammy838 Posted April 28, 2008 Author Report Share Posted April 28, 2008 Don't everyone get your panties in a bunch...you'll all get your undeserved money. I don't know- i work, my husband works, we both pay taxes, neither of us have ever been on welfare, and the gov. is going to hand out money, then I guess I do deserve to get some of it too. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 And the Roman Emperors gave the citizens gladiators and lions. Same tactic. Link to comment Share on other sites More sharing options...
grammy838 Posted April 28, 2008 Author Report Share Posted April 28, 2008 I got mine!!! WOOHOO!!!! Just out of curiosity- were you supposed to get yours this Friday? just trying to figure out how they are doing it. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 No that's not really true. It stated BY May 2nd - then by May 9th - ect.... depending on the last 2 digits of your SS # They actually started last Friday, but some banks don't show until the next business day. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 its all a plan for money to go to bush's secret oil companies so right before he leaves he's gauranteed to be filthy rich Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 Well I am getting it all in 1 dollar bills. My mattress is getting a little "lumpy" so it will be good stuffing. Link to comment Share on other sites More sharing options...
Charmed Posted April 28, 2008 Report Share Posted April 28, 2008 Just out of curiosity- were you supposed to get yours this Friday? just trying to figure out how they are doing it. I think if you got your taxes back by direct deposit then it should show up at some point this week if your soc. sec. # ends in 00-20. Otherwise checks start going out by the end of the week or something like that. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 Don't be the good american DONT GO OUT AND SPEND IT ON CRAP!!!!!!!!!!!!! PAY OFF BILLS!!!!!!!!!! We are going to buy a Made in China big screen TV at Walmart. Then we are going to hope and pray they give us another stimulas rebate so we can pay our NYSEG bill and watch it. Link to comment Share on other sites More sharing options...
Guest Just Lookin Posted April 28, 2008 Report Share Posted April 28, 2008 Just found this on CNN. I guess they are starting today. http://money.cnn.com/2008/04/28/news/econo...dex.htm?cnn=yes Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 I don't know- i work, my husband works, we both pay taxes, neither of us have ever been on welfare, and the gov. is going to hand out money, then I guess I do deserve to get some of it too. You'll just be paying it back next time you do you taxes...smoke and mirrors... Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 Will I have to pay it back? No. And here's why. Your stimulus payment is a one-time tax cut - an advance on a credit you'll receive on your 2008 return. You will not owe tax on your payment when you file your 2008 tax return, and it will not increase the amount you owe or reduce your 2008 refund. The stimulus payment is based on your 2007 income initially. If it turns out that your 2008 income and number of children would have qualified you for a larger rebate than the one you received, you'll be sent the difference. If it turns out your 2008 income was lower than in 2007 and you should have gotten a lower rebate, you get to keep the difference. "If you were supposed to receive a larger payment than you did, you will get the extra money," said Treasury spokesman Andrew DeSouza. "If you received more than what you should have gotten, you will not be penalized." Link is above or here..-->http://money.cnn.com/2008/04/28/news/economy/rebate_update_monday/index.htm?cnn=yes Link to comment Share on other sites More sharing options...
grammy838 Posted April 28, 2008 Author Report Share Posted April 28, 2008 Will I have to pay it back? No. And here's why. Your stimulus payment is a one-time tax cut - an advance on a credit you'll receive on your 2008 return. You will not owe tax on your payment when you file your 2008 tax return, and it will not increase the amount you owe or reduce your 2008 refund. The stimulus payment is based on your 2007 income initially. If it turns out that your 2008 income and number of children would have qualified you for a larger rebate than the one you received, you'll be sent the difference. If it turns out your 2008 income was lower than in 2007 and you should have gotten a lower rebate, you get to keep the difference. "If you were supposed to receive a larger payment than you did, you will get the extra money," said Treasury spokesman Andrew DeSouza. "If you received more than what you should have gotten, you will not be penalized." Link is above or here..-->http://money.cnn.com/2008/04/28/news/economy/rebate_update_monday/index.htm?cnn=yes Thanks. Couldn't have said it better myself. @ Link to comment Share on other sites More sharing options...
bloodthirst Posted April 28, 2008 Report Share Posted April 28, 2008 If you guys are smart, you'll try to save as much of that money as possible. Things are bound to get worse before they get any better and you will be glad you have a few extra bucks. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 If you guys are smart, you'll try to save as much of that money as possible. Things are bound to get worse before they get any better and you will be glad you have a few extra bucks. Say Bloodthirsty why is it just because the network news keep bombarding us with how bad it is out there that you take it for granted that means its so true? I have never had it better myself, I am a self employed contractor and my work for the last 4 years has been non stop good and yes I live in the triple cities. And to add to that note I know nobody that you would consider Rich and non of my personal friends are in the great recession I keep hearing about. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 Thanks. Couldn't have said it better myself. @ No Problem. BUT -- Remember this is considered an advance towards 2008 tax return. This is the same thing as 2001 when the great government gave the "rebate" to help "jump start" spending again because the GOVERNMENT could not control the financial status they were either elected into or appointed to. Do Not SPEND This Money ! You'll only end up the same as you are now later, like the end of September or so if things continue the way they are. Your stimulus payment is a one-time tax cut - an advance on a credit you'll receive on your 2008 return Link to comment Share on other sites More sharing options...
bloodthirst Posted April 28, 2008 Report Share Posted April 28, 2008 Say Bloodthirsty why is it just because the network news keep bombarding us with how bad it is out there that you take it for granted that means its so true? I have never had it better myself, I am a self employed contractor and my work for the last 4 years has been non stop good and yes I live in the triple cities. And to add to that note I know nobody that you would consider Rich and non of my personal friends are in the great recession I keep hearing about. I'm not exactly poor myself but definitely not loaded. What I meant is that gas and food will both be going higher in price and it might be smart to prepare for the extra cost. I'm glad that you have been able to have steady work and made a good life for yourself. It just shows that with the right attitude and some hard work, it is not impossible. Link to comment Share on other sites More sharing options...
Guest Guest Posted April 28, 2008 Report Share Posted April 28, 2008 Well I am getting it all in 1 dollar bills. My mattress is getting a little "lumpy" so it will be good stuffing. Finally, someone that understands how our government is really working to rip off all us taxpayers. I think I'll take and get enough penny's to pay next month's NYSEG bill and pay it in person. Just for giggles, I might do the same with Time Warner. After all, they legally have to take them because penny's are legal . Link to comment Share on other sites More sharing options...
Spuds Posted April 28, 2008 Report Share Posted April 28, 2008 DELETED I don't know about the economy, but you should be plenty stimulated! Link to comment Share on other sites More sharing options...
bloodthirst Posted April 28, 2008 Report Share Posted April 28, 2008 Finally, someone that understands how our government is really working to rip off all us taxpayers. I think I'll take and get enough penny's to pay next month's NYSEG bill and pay it in person. Just for giggles, I might do the same with Time Warner. After all, they legally have to take them because penny's are legal . If this is true, I may just be joining you in that little protest. Anyone know the law on this penny deal? @ Link to comment Share on other sites More sharing options...
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