So, I was checking my bank balance online and huzzah! I got my E.S.R. Check, but it was only for $488. Why is this? I thought I was getting $600 since I am single. I believe it was written single and 1 on my return earlier in the year. Could this of affected my rebate? Help! How much did yall get?
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It's variable from $300 to $600 for individuals, depending on various factors of how much you made, how much in taxes you paid in, and if you're over a certain dollar amount.Check out the calculator on the IRS's website:http://www.irs.gov/app/espc/It can make sure that $488 is accurate.
according to the Calculator i should recieve the full amount!! G.Y. Tripple Treads Here I come!! Just as soon as I get the check. The proccessing center has stated the they have begun sending them out so i should be just a couple more days.
atleast yall got yours already i gotta wait. since i di my taxes online and had the company take there fees out of the rebate i will be waiting for a papercheck
I received a statement stating that I was getting $1500 next friday. new pool liner will take most of it. at least I'm spending it localy althought most of it will be labor.
Quote, originally posted by vibe-04 »Hi, Canadian here, do you guys think the Stimulus check (cheque) will work?Sounds a bit hokey that a one time spending spree would save the economy. No, it won't work, you nailed it, definitely hokey. The government is simply borrowing more money from the Chinese to buy some votes. It doesn't create any real wealth. Much like the idea of hiring people to break windows so that people will spend money and hire other people to fix them as a way to cure unemployment.To stimulate the economy marginal tax rates need to be cut to encourage risk taking and investment, which is what ultimately creates wealth.And while I'm at it, they need to quit cutting interest rates, undermining the dollar and creating inflationary expectations, and we need to drill for oil in the US, offshore and in ANWR, and build nuclear power plans so we don't keep buying oil and funding those who wish to destroy us. And lose the ethanol mandates that are worse for the environment and causing world food prices to spike, putting more pressure on consumer spending here and risking starvation in third world countries.
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You shuld hve gotten two notices stating how much you were getting. I just got my second last week for $1200.Oh and forget about spenidng it for goods, sorry merchants but it is going in the bank and will probably be spent on gas. Not that the oil comps need it but the way gas is, come on! Such nice timing and I am sure anyone that is a few house payments away from losing their house will use it for a mortgage payment rather then go out and spend it on materials things.
My mother got her 300 on the 9th.She didn't get any notices.I do all of her mail,banking.etc. for her so there is no way she got a notice.I haven't gotten any notices either,but I'm not expecting mine until the week of 6-13.
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Quote, originally posted by vibe-04 »Hi, Canadian here, do you guys think the Stimulus check (cheque) will work?Sounds a bit hokey that a one time spending spree would save the economy. Hmm, I remember the Alberta goverment issued "energy rebate" checks for every man, woman and child for $400 a piece back in 2005 for Albertans who filed a 2004 tax return. It created a temporary buzz at the time, but no real long lasting effects that anyone still talks about. I think they were nicknamed "Ralph bucks" after the premier of the time, Ralph Klein.Unfortunately I didn't move to Alberta till spring of 2005 so I wasn't eligible.There were alot of gaffs too. Checks were also issued to some prisoners and several people who weren't eligible.
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Quote, originally posted by Herb »Hmm, I remember the Alberta goverment issued "energy rebate" checks for every man, woman and child for $400 a piece back in 2005 for Albertans who filed a 2004 tax return. It created a temporary buzz at the time, but no real long lasting effects that anyone still talks about. I think they were nicknamed "Ralph bucks" after the premier of the time, Ralph Klein.There was a huge surplus and Ralph was "the king" at securing loyalty. Too bad you missed out. Are you an ex pat Ontarian or Newfie?
Quote, originally posted by gr8vibe »but it was only for $488. Why is this? I thought I was getting $600 since I am single. I believe it was written single and 1 on my return earlier in the year. Could this of affected my rebate? Help! How much did yall get? Quote, originally posted by HawaiiPontiacLover »Tell me about it. I only got $398. Pfft. So no, I will *NOT* be doing any spending!I don't want to hear it...Me-$0.00Parents-$0.00Brother-$0.00So there
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So by getting $0 did you earn a whopping salary last year or where there other things that contributed to losing out on it?Don't need exacts, just thought it might be good to get a heads up for some people who might not know...
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Quote, originally posted by VforVIBE »Me-$0.00Parents-$0.00Brother-$0.00You-make too much moneyParents-make too much moneyBorther-makes too much moneyLOL! sorry buddy. Just an FYI for everyone it is dependent on your gross salary, your gross adjusted salary (i.e. after taxes, 401k contributions, etc.) and also whether or not you owed or were paid money back this past year. I was paid money back and fell into the realm of the 600.
Parents made too much money last year, ya stocks... as for me and my brother, we are dependents... so maybe next time... PS please don't call me buddy, it makes me feel like a guy.
“I live my life free of compromise, and step into the shadows without complaint or regret.â€
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Quote, originally posted by VforVIBE »Parents made too much money last year, ya stocks... as for me and my brother, we are dependents... so maybe next time... PS please don't call me buddy, it makes me feel like a guy. If you dont mind me asking which stocks??? As a stock investor myself I'm always looking for ideas.Sorry for going a bit off topic!! You can PM me if you like to keep it out of this thread.
Quote, originally posted by jimincalif »No, it won't work, you nailed it, definitely hokey. The government is simply borrowing more money from the Chinese to buy some votes. It doesn't create any real wealth. Much like the idea of hiring people to break windows so that people will spend money and hire other people to fix them as a way to cure unemployment.To stimulate the economy marginal tax rates need to be cut to encourage risk taking and investment, which is what ultimately creates wealth.And while I'm at it, they need to quit cutting interest rates, undermining the dollar and creating inflationary expectations, and we need to drill for oil in the US, offshore and in ANWR, and build nuclear power plans so we don't keep buying oil and funding those who wish to destroy us. And lose the ethanol mandates that are worse for the environment and causing world food prices to spike, putting more pressure on consumer spending here and risking starvation in third world countries.dang... you nailed it. my thoughts exactly. but dont forgot we need to start using the energy we already have in the ground... COAL. we have OVER TWO HUNDRED YEARS worth of coal that we are sure of. its like we are going to the store to buy ten dollar cigarettes when we own a tobacco farm. i love america. I LOVE THIS COUNTRY MORE THAN ANYTHING. but we have got to quit sending it to hell in a handbasket. the wacko liberal nut jobs have got to stop choking the entrepreneurial system of the country with higher and higher taxes, unreal cafe standards, and lunatic environmental policies. and the greed loving rich with there fingers in big oil have got to be given the finger. so you know what would happen if this country invested in some coal to oil plants? we would wind up making saudi arabia look like a bunch of hobo's. look what the liberal local guvment is doing in california. cali is about to turn over a 18 BILLION, thats billion with a B, dollar deficit. do you know what their answer to this is???? they are going to implement new taxes on virtually everything. heck they are even gonna tack on 9 cents tax to every itune that is bought in cali. wow they are so smart, people are struggling trying to pay high morgages, and unreal prices for gas, so lets tax the hell out of them. and the kicker of it all is their reasoning for these taxes are and i quote, "to pay for the deficit and NEW PROGRAMS!!!!!!! heaven forbid they kick around the notion of cutting government spending. this mean that everyone in cali owes 486.00$ just to pay for the deficit, on top of the taxes they are already paying. i think it is high time we follow one of my favorite lines of text ever. it goes like this. When in the Course of human events it becomes necessary for one people to dissolve the political bands which have connected them with another and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. every time i read that i get chills. i have them right now just posting that. that is exactly what we need to do. we are being taxed to death and the politicians, liberal groups, big business, and every other greedy puppeteer does not give a damn about our safety or happiness. all they want is to extract every dollar they can from us, and i say its time we point some barrells at them and say enough is enough and get out...
Quote, originally posted by injun_josh »look what the liberal local guvment is doing in california. cali is about to turn over a 18 BILLION, thats billion with a B, dollar deficit. do you know what their answer to this is???? they are going to implement new taxes on virtually everything. Yeah, I'm painfully aware, I live in Taxifornia. Every day it is a new number, $8 billion, $15 billion, $20 billion. The Governator is setting us up. Of course it is all BS, the state is going to take in a bit more money this next year than it did last. If they simply FROZE spending at last year's level, problem virtually goes away. Yet they squeal like it is the end of the world. Was Calif government really too small this last year? Hardly. I'm born and raised, and lived in Calif all my life. But I will probably leave the state when I retire. My kids likely won't be able to afford to live here, and if I move to a state that doesn't have an income tax it is like a 10% raise. Quote, originally posted by injun_josh »We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Amen bro. I have a replica of the Declaration framed and hanging in my office.Quote, originally posted by injun_josh »every time i read that i get chills. i have them right now just posting that. that is exactly what we need to do. Unfortunately it has grown too large to let itself be abolished. I kinda like the idea of the Free State Project, but don't know that it will get enough traction.
"We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle." - Winston Churchill---------------------------------Who is John Galt?2 Vibes, 03GT & 07 base (kids drive)1993 Lexus LS4001980 Fiat Spider
I got mine, $900 for me and my son. This will be going toward gas and daycare.This topic was brought up on dicussion on day about people receiving more back during income tax because they have kids. That it's not right, having kids is an option you make and wy should you get more because you have one. I am partial to this thought since I have a kid. I think the legitamitly working people should be able to get this but the people who are on welfare (meaning the ones who take advantage) shouldn't get it. It's not fair that I work my (removed) off to take care of my son and I and these people do nothing and get all this money back. I say welfare reform! That should save a whole lot of money.But that's another topic of dicussion.
Do I hear a young Conservative in the making????I got the full amount. Instead of spending mine on something cool. I had to buy a new transmission for my lawn tractor. Can you believe $350.00 for a mower transmission? It only weighs 25 pounds. Troy-Bilt wanted $450.00 with shipping. Thank goodness for ebay.
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Quote, originally posted by kittyboop »This topic was brought up on dicussion on day about people receiving more back during income tax because they have kids. That it's not right, having kids is an option you make and wy should you get more because you have one. I am partial to this thought since I have a kid. I think the legitamitly working people should be able to get this but the people who are on welfare (meaning the ones who take advantage) shouldn't get it. It's not fair that I work my (removed) off to take care of my son and I and these people do nothing and get all this money back. I say welfare reform! That should save a whole lot of money.But that's another topic of dicussion. If on welfare does one still file an income tax? The checks are only for those that do, at least that is what I know...If on Welfare and you are paying income tax then yes I say these people too deserve the check. They are paying into the system so why not? I digress though...
I am being led to understand that this "rebate" is simply an advance on next years taxes! Anyone know any facts behind this? I know my wife and I expect to get $1500 for the 2 of us and our son, as per the calculator on the IRS site, but it would suck to think that 1) they would tax us for that next year, or 2) take it right from our refund next year!
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I heard that too. Not sure how that would work.My wife and I only got $600. Used that calculator on the IRS website, but they never explained why we didn't get the other $600.
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Quote, originally posted by damronjr »I am being led to understand that this "rebate" is simply an advance on next years taxes! Anyone know any facts behind this? I know my wife and I expect to get $1500 for the 2 of us and our son, as per the calculator on the IRS site, but it would suck to think that 1) they would tax us for that next year, or 2) take it right from our refund next year!Those are both myths. It is not an advance on your refund and you won't be taxed on it.
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Quote, originally posted by damronjr »I am being led to understand that this "rebate" is simply an advance on next years taxes! Anyone know any facts behind this? I know my wife and I expect to get $1500 for the 2 of us and our son, as per the calculator on the IRS site, but it would suck to think that 1) they would tax us for that next year, or 2) take it right from our refund next year!I never heard this myself... It is purely a gift of funds that no one is really spending, more like banking.
waiting... waiting... waiting...We sent in our taxes right on tax day (weren't too thrilled about owing this year so we sent a paper check to postpone the inevitable blow to our bank account)The last time I looked at the IRS website, our check was supposed to have been 'sent' on May 31st. They also say that we should wait two weeks to get the check (which would be today...). We'll see.Edit: Ok, I meant May 30 It still isn't here yet, though.
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taken from another siteIf the last two digits of your Social Security number are:Your check should be in the mail by:00 - 09 May 1610 - 18 May 2319 - 25 May 3026 - 38 June 639 - 51 June 1352 - 63 June 2064 - 75 June 2776 - 87 July 488 - 99 July 11
There are three reasons you might not get a rebate, or get a lesser rebate.1. Make too much.2. Make too little so you pay too little in taxes.3. You do not have the right kind of qualifying incomeIf you qualifty for more based on 2008 invcome/tax paid you will get it next year.
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Quote, originally posted by damronjr »I am being led to understand that this "rebate" is simply an advance on next years taxes! Anyone know any facts behind this?Quote in the letter I got from the IRS telling me my check was on the way. "You will not be required to report the amount of your stimulus payment as taxable income on your 2008 federal income tax return."
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Quote, originally posted by vibe-04 »Hi, Canadian here, do you guys think the Stimulus check (cheque) will work?Sounds a bit hokey that a one time spending spree would save the economy. Most people have forgotten the we got a stimulus check around August '01...of course the 11th of September shifted our attention.