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Follow-up
February 10, 2008, 3:06pm
Kathy: It all really depends on how you do your taxes. The 174,000 is based on your "net income tax liability" which in some cases could be significantly lower than your actual gross pay. It is based on tax law, which can be complicated. A tax professional could probably explain the full details, however your rgoss income is never lower (i think) than your "net income tax liability". (I hope that makes sense).
Brent: This is NOT a loan against your 2008 taxes, it is a rebate, you never pay it back. The idea behind it is for you to take some of the government's money and go on a shopping spree to boost the economy.
For those of you who complain "Why am I not getting a piece" or whatever, this is not a welfare check, cost of living offset, or any other method designed to improve your financial situation or help pay bills. This is a way the government has designed to hopefully boost the economy, nothing more.
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Follow-up
February 10, 2008, 3:06pmKathy: It all really depends on how you do your taxes. The 174,000 is based on your "net income tax liability" which in some cases could be significantly lower than your actual gross pay. It is based on tax law, which can be complicated. A tax professional could probably explain the full details, however your rgoss income is never lower (i think) than your "net income tax liability". (I hope that makes sense).
Brent: This is NOT a loan against your 2008 taxes, it is a rebate, you never pay it back. The idea behind it is for you to take some of the government's money and go on a shopping spree to boost the economy.
For those of you who complain "Why am I not getting a piece" or whatever, this is not a welfare check, cost of living offset, or any other method designed to improve your financial situation or help pay bills. This is a way the government has designed to hopefully boost the economy, nothing more.