Really??

win

i suspect i might have one as well. i never see the other end of my paycheck as it seems to be all gone by the time i get there.

How are you using your "recession rebate"?
 

Buying euro.

it's not a rebate from last year's taxes

it's a rebate on THIS year's taxes

in other words, a family of four will be getting $1600 NOW, but $1600 less next year.

most people don't know this, and will be fucked come April 2009

It's going to be used to pay the interest on my school loans that are accumulating as we speak, so that the interest doesn't capitalize, and I owe less overall.

The IRS says otherwise:
http://www.irs.gov/newsroom/article/...179181,00.html

I heard this also. From someone who does taxes for a living.

We'll be paying off our new computer.

Making payments on my credit card debt...*sigh*

I'll follow The Plan exactly as it was laid out - From me to the government; from the government back to me; then I give it back to the real government (Exxon-Mobil, Chevron, et al).

You didn't really think the price-gouging and the Impetus Check timing was coincidental, did you?

As Bill Maher said recently (paraphrased), "I'm no conspiracy theorist, but If Colonel Sanders was President, and the price of chicken tripled during his administration, somebody might start asking some questions, right?"

Irony.

If I didn't work on a new bussines venture, I'd have made to much money and not qualified.

But because I did, I took a large hit to my income (by over 50%) got a ginormous tax refund since I paid on my higher level of income which I didn't have anymore, and then qualified for the rebate.

Had I actually just paid all that money into the government I wouldn't have gotten anything back.

Screwy system that they decide you make to much to get a refund on what you put in.

Anyways all that being said it just goes into (along with the refund) the warchest to keep the new business afloat until it can break even on its own.

I'm going to buy some euros.

I think Derwood had it right.

It is not rebate on 07 taxes....its more like a "prebate" on '08 taxes, but based on your '07 tax return. And there will be another form to attach to your 1040 next year.

The IRS faq cited above is a bit misleading...its correct that it wont reduce the overall refund you receive in 08...it just pays a portion of it a year in advance.

But maybe I have it wrong. In any case, I'm not getting a check...so I have no stake in it.

From what I'm reading, that's not correct either. It's an "advance" on any tax credits you might be eligible for next filing. It neither reduces nor increases your refund.
This was done a couple years back, when families were getting checks of $400 per child; the following year, the dependent child deduction, which was about $3000, was reduced by $400. So come next year's filing, if that child deduction was to be $3000 per, it'd be reduced by $300 per and your own allowance reduced by $600.

Were getting a new couch for our new house. Hubbies getting an Ipod phone and the rest will go in savings. It will help to get our small balance back up to where it was before this winter's heating costs led to us slowly "borrowing" from ourselves to pay the bills. That was with a brand new 97% high efficiency furnace.:grumpy:

I wish we were getting ours.....but since we are on a payment plan for 2006 taxes, they are taking it to pay that off :( I could really use that 1200 in one chunck instead of having an extra 75 bucks a month.

Oh well

I feel your pain. We owe 1200 on our utility bill, a balance I could pay off with this check, but won't. Why? Because no matter what we do, we will still get socked with an outrageous bill we can't pay and be out $1200 all at once.
We cook on the grill(in the dead of winter), had the thermostat on a constant 64, I take 8 minute showers and chase the kids out after 10, hang laundry on a line to dry and never do laundry in warm water. Yet, we still got hit so bad that last summer, they shut off our electric.

News reports are all over this rebate as being not so much as the "Economic Stimulus" it was purported to be but just a panacea to help with bills, the most prevalent being utility and credit cards. No increase in conspicuous consumption will be evident.

I'm going to buy a shovel. Then I'll use it to dig a hole in the sand to bury my head. Blissful ignorance reached!

beer!!!!!!!!

gonna bank half of it and blow the rest of it on a new bike (for the wife) a new 22 LCD widescreen monitor (for me, already got it and its SWEEEEEEET) and whatever the kidlet decides on getting (probably 6 month of WoW)


http://www.sceptre.com/Products/LCD/...x22hg_Naga.htm

Tequila

car repairs

We used some of it to pay for repairs/maintenance on my car. The rest will go to the credit card bill, in attempts to get a zero balance on it.

I don't get HBO any more, man I miss Maher.

credit cards baby!

I bought an LCD TV for my bedroom.

I actually got a check. I didn't think I was going to get one based on the letter they sent out a few months ago.
Just going to put it in the savings for now.

Please send some of that to me.

We bought a new fridge. When we got the deposit, I took what equals one week's pay from it, paid some bills, put the rest in the bank for a fridge and a new floor...
Well, the store offers a 3 month, 0 interest store card, so I took it, put the fridge on it. It'll cost 250 a month, less than I put into the savings anyway, so we won't lose it and we won't have to pay any interest on the purchase.
I can still get the kitchen floor and not make much of a dent in the savings.
Thanks, Uncle Sam. You made my passbook look purty.

Folley Beach, South Carolina on Friday then to Carowinds Amusement Park on Saturday.

Just used it to buy an aquarium cleaning filter/pump and some supplies for the fish.

Apparently, the US economy doesn't require my economic stimulation this year. The designated date for mine has come and gone, with no "rebate" arriving.

Which, honestly, sucks for me right now... then again, I might be laughing at all y'all in a years' time.

I changed my mind about purchasing the 32 GB IPod when I noticed the 80 GB Zune was listed at $240 on amazon.com, so I am going to test out Microsoft's MP3 player product line. Oh yeah, I also purchased:

Seagate FreeAgent Go 120 GB USB External Hard Drive
Belkin Neoprene Armband for Zune
Zune Car Pack v2
Season 1 of Battlestar Galactica (have not seen this series yet!)

And now I wonder what I will do with the remaining $100. Any suggestions?

Well, we were saving it for the Chicago move. But then JJ's camera broke. Bummer.

The whole thing went to a new camera. Good for him, not so much for our cushion. Luckily, everything has been cheaper so far for the move. :)

Road trip next month for vacation. Start in New York, drive to Smoky Mountains, spend a couple days there, then 2-3 days driving back north on Blue Ridge Parkway. Then visit some parks and civil war monuments in Virginia, West Virginia and Pennsylvania and back home. All in 10 days or less.

Did you get a letter? Any single making $75k or less and filed an income tax return for 2007 gets $600, married couples making $150k or less get $1200.
If you got a tax refund and it was auto-deposited, the rebate is as well. Banks won't send notices about the deposit, either.
Even if you did not qualify, a letter would have been sent stating so.

I'll be paying rent with my stimulus check. Yay!!! :(

How will I be using my What, now?
Apparently, my check is stimulating the Federal Reserve.
I can't actually SEE if they're stimulated, as I'm bent over. But judging from the rectal pain, I'll just assume that they are, in fact, stimulated.

Ok, that's funny.

I'm killing two birds with one stone - by putting mine under the mattress where it will hopefully stimulate me.