Comments on: What Exactly Is a Tax Rebate? And More Importantly, What Does It Mean For Me?

By: Kelly

Kelly — Sun, 03 Feb 2008 19:11:17 +0000

See http://www.taxgirl.com/ask-the-taxgirl-more-on-the-rebates/

By: Ellen R. Hargis

Ellen R. Hargis — Sun, 03 Feb 2008 16:19:30 +0000

Will Senior Citizens be included in this tax rebate if they pay taxes on social security and investment income. I have heard they are not included because they do not receive a pay check so to speak. I think this is grossly unfair if true.

By: Ask the Taxgirl: More on the Rebates!

Ask the Taxgirl: More on the Rebates! — Thu, 31 Jan 2008 03:09:44 +0000

[...] that nothing is set in stone yet. Despite an accord of sorts between the House and the White House, as reported here, there are still details to be worked [...]

By: Economic Stimulus - Will It Help Writers?

Economic Stimulus - Will It Help Writers? — Sat, 26 Jan 2008 19:51:10 +0000

[...] not impressed the proposed economic stimulus package. Kelly, our TaxGirl has a post that gives the details as known at the moment. Plus she explains exactly what a tax rebate actually is, and what it [...]

By: Tax Rebates: How Much Do They Want To Give You?

Tax Rebates: How Much Do They Want To Give You? — Sat, 26 Jan 2008 02:31:10 +0000

[...] ® has all the information you need to know. I’ll run down a couple highlights, and here’s a good post of Kelly’s for more details. Caveat lector: This isn’t law yet, so everything is subject to [...]

By: Death & Taxes

Death & Taxes — Fri, 25 Jan 2008 18:49:09 +0000

Someone at Taxalmanac.org mentioned that one filer is mad because this is the year her ex gets to claim the children. I suspect we will not see many 8332s given this year.

By: Another Tax Geek

Another Tax Geek — Fri, 25 Jan 2008 17:12:11 +0000

It’s interesting, because what I just read in CCH agrees with how D & T described it – an advance refund on the elimination of the 10% bracket (coincidentally also the only approach that makes sense and is fair IMO). This is contrary to Taxgirl’s and several other descripstion though, that have the payment as pure payment from the gov’t. Also, if it’s really an elimination of the 10% bracket, does that mean everyone gets the benefit, even if phased out of receiving a check.

Overall the whole thing’s a dumb idea. It would make a lot more sense IMO, for long term economic strength, to do something to that encourages more saving at lower and middle class levels. Say, making the first 10K of interest & dividend income tax free.

I find it interesting that the media and democrats are so worked up about the benefits to business, when every proposal floated has been merely a timing difference (including the 5 yr NOL c/b). The real loss to treasury in this deal is at the individual level, not the business level.

By: Death & Taxes

Death & Taxes — Fri, 25 Jan 2008 13:11:33 +0000

From what I read, they are building a 6000/12000 zero bracket for one year to justify the permanent outflow. Never get in the way when a drunk Congress and the Executive branch decide to shovel money out of our Treasury.

This past summer we took a bus ride up Cadillac Mountain near Bar Harbor, skirting the edge of sheer drops. I feel like we are doing it again, except someone has tampered with the steering.