Looks like we are getting that refund - Chicagoland Sportbikes
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post #1 of 55 (permalink) Old 02-07-2008, 06:22 PM Thread Starter
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Looks like we are getting that refund

WASHINGTON - The Senate passed an economic rescue plan Thursday that would speed $600 to $1,200 in rebates to most taxpayers and $300 checks to low-income people, including disabled veterans and the elderly.

The 81-16 vote capped more than a week of political maneuvering that ended only when majority Democrats dropped their demand that the proposal offer jobless benefits, heating aid for the poor and tax breaks for certain industries.

GOP senators blocked those ideas, but agreed to add the rebates for older people and disabled veterans to a $161 billion measure the House passed last month.

House leaders said they would act as early as Thursday night to send the measure to President Bush.

The Senate plan would rush rebates _ $600 for individuals, $1,200 for couples _ to most taxpayers and cut business taxes in hopes of reviving the economy. Individuals making up to $75,000 a year and couples earning up to $150,000 would get rebates.

People who paid no income taxes but earned at least $3,000 _ including through Social Security or veterans' disability benefits _ would get a $300 rebate.

If the House follows suit as expected and Bush shortly thereafter signs the measure, the rebate checks would be expected to begin arriving in May. The rebates would be based on 2007 tax returns, which are not due until April 15.

The bill had stalled for more than a week in the Senate. The turnaround came after Democrats fell just one vote short Wednesday of overcoming a GOP filibuster and pressing ahead with their $205 billion plan.

Democrats decided on Thursday against insisting on their package. Instead, they agreed to speed the bipartisan measure, costing about $167 billion, to Bush.

"It's our responsibility to pass the strongest bill that we can, and so I think it's tremendous what we'll be able to accomplish," said Majority Leader Harry Reid, D-Nev. "We had to finish this quickly."

The retreat came after House Speaker Nancy Pelosi sided with Republicans, including Senate Minority Leader Mitch McConnell of Kentucky. Pelosi, D-Calif., urged the Senate to stop its infighting and pass the bill.

"There's no reason for any more delay on this," Pelosi said.

Thirty-three Republicans joined 46 Democrats and the Senate's two independents to pass the measure. Sixteen Republicans voted against the plan.

Reid defended his decision to try to pressure Republicans on the larger proposal by offering it as a take-it-or-leave-it proposition along with the rebates for older people and veterans. "I feel very strongly that we did the right thing," Reid said.

Democrats said Republicans would pay a political price for their opposition. The more expensive proposal would have extended unemployment for 13 weeks for people whose benefits had run out; added $1 billion in heating aid for the poor; and provided tax breaks for the home-building, renewable energy and coal industries.

"If today (Republicans) are squirming because they voted 'no,' that's what democracy is all about," said New York Sen. Charles Schumer, the head of the Senate Democratic campaign committee. "The political chips will fall where they may."

But Democratic Sen. Max Baucus of Montana, chairman of the Senate Finance Committee, said: "Discretion is the better part of valor. The best thing for us to do is declare a big victory that we've achieved, namely getting the rebate checks to 20 million seniors and 250,000 disabled veterans."

The measure moved through Congress with remarkable speed amid a series of deflating economic reports. Some Republicans, however, expressed reservations that the rebate checks would help much. Other lawmakers worried about expanding the budget deficit.

"We have to remember that every dollar being spent on the stimulus package is being borrowed from our children. And our children's children," said Sen. Judd Gregg, R-N.H., who voted against the bill.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #2 of 55 (permalink) Old 02-07-2008, 06:26 PM
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perfect that $600 to $1200 check in May will be just in time for my summer trackdays
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post #3 of 55 (permalink) Old 02-07-2008, 06:26 PM
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Looks like Tony is getting a new Arai after all




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post #4 of 55 (permalink) Old 02-07-2008, 06:27 PM
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jeff still has to pay his taxes

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post #5 of 55 (permalink) Old 02-07-2008, 06:27 PM
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jeff still has to pay his taxes
That is 'cuz mommy and daddy still claim you for living in their basement.
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post #6 of 55 (permalink) Old 02-07-2008, 06:32 PM
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ha i still have had a job over a year now though. and my boss doesnt take taxes out

so i have to pay them myself and i havent sent them in yet

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post #7 of 55 (permalink) Old 02-07-2008, 06:40 PM
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will i be getting a refund since i have paid taxes?

and where is the govt getting this money from. just another loan from china or the mid east. no wonder the dollar is tanking. i should buy some stock in the company that sells the paper that they print all of this imaginary money on.

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post #8 of 55 (permalink) Old 02-07-2008, 06:43 PM Thread Starter
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This is like the refund everyone got a few years ago. Look at it this way Uncle sam is giving you a gift that you will have to claim and pay on possibly the following year.

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #9 of 55 (permalink) Old 02-07-2008, 06:45 PM
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Quote:
Originally Posted by HeavyHand View Post
will i be getting a refund since i have paid taxes?

and where is the govt getting this money from. just another loan from china or the mid east. no wonder the dollar is tanking. i should buy some stock in the company that sells the paper that they print all of this imaginary money on.
its easy to spend money when your hand is on the crank of the printing press

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post #10 of 55 (permalink) Old 02-07-2008, 06:48 PM
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is this a free check or a advance on next years tax refund? i never ot one of the refunds a few years back that is why i am skeptical.

-Nick
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post #11 of 55 (permalink) Old 02-07-2008, 06:50 PM Thread Starter
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Quote:
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is this a free check or a advance on next years tax refund? i never ot one of the refunds a few years back that is why i am skeptical.
No they are giving you 600 dollars it will be sent out to you automatically tho you will have to claim it nexted year on your taxes as income.

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #12 of 55 (permalink) Old 02-07-2008, 06:53 PM
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Individuals making UP TO $75,000 a year would get rebates - Well fuck me then

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post #13 of 55 (permalink) Old 02-07-2008, 06:57 PM
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Individuals making UP TO $75,000 a year would get rebates - Well fuck me then
How you doing.

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post #14 of 55 (permalink) Old 02-07-2008, 06:58 PM
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So that means if we make over $75 K we are not getting a refund?? WTF
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post #15 of 55 (permalink) Old 02-07-2008, 06:59 PM
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Quote:
Originally Posted by G2G View Post
So that means if we make over $75 K we are not getting a refund?? WTF
Thats how I read it - >$75K = no free 6 hundie (well, its not really free as I am sure you have paid it out somehow)

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post #16 of 55 (permalink) Old 02-07-2008, 07:00 PM
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Originally Posted by G2G View Post
So that means if we make over $75 K we are not getting a refund?? WTF

That only counts for "declared income" Steve. You'll be fine.


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post #17 of 55 (permalink) Old 02-07-2008, 07:01 PM
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I thought maybe we would get a pro rated refund if we made over $75K. I hope so.
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post #18 of 55 (permalink) Old 02-07-2008, 07:04 PM
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Originally Posted by G2G View Post
I thought maybe we would get a pro rated refund if we made over $75K. I hope so.
The Term "Hope" used on anything that has to do with the Federal Gov't is time and breath wasted

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post #19 of 55 (permalink) Old 02-07-2008, 07:07 PM
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Quote:
Originally Posted by Bug View Post
Thats how I read it - >$75K = no free 6 hundie (well, its not really free as I am sure you have paid it out somehow)
It's based on 2007 tax filings. the only question is if it's based on gross pay for the year, or your taxable filings.

75K for individual filers is the cap
and
150K for couples filing together.

if your over those you wont be geting a check, now if it's based off of taxable income and your close to those totals I think you can still contribute to an IRA for last year, which would affect your taxable income. but it would depend on how close you are.

This is the one time I am not complaining about my wife being an underpaid teacher




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post #20 of 55 (permalink) Old 02-07-2008, 07:10 PM
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Quote:
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It's based on 2007 tax filings. the only question is if it's based on gross pay for the year, or your taxable filings.

75K for individual filers is the cap
and
150K for couples filing together.
To quote "Heather" from the Movie "Heathers"

"Fuck Me Gently With A Chain Saw"


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post #21 of 55 (permalink) Old 02-07-2008, 07:12 PM
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Oh well its only $600 bucks its not like it will break the bank or anything.
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post #22 of 55 (permalink) Old 02-07-2008, 07:13 PM
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Oh well its only $600 bucks its not like it will break the bank or anything.
It's an Arai

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post #23 of 55 (permalink) Old 02-07-2008, 07:24 PM
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This is the one time I am not complaining about my wife being an underpaid teacher
lol or a Target employee.

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post #24 of 55 (permalink) Old 02-07-2008, 07:25 PM
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It's an Arai


I have 2 already.
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post #25 of 55 (permalink) Old 02-07-2008, 07:27 PM
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I have 2 already.
Both older than PTG though

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post #26 of 55 (permalink) Old 02-07-2008, 07:33 PM
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Both older than PTG though
bhahahahahahahahhahaha!!!!!!

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post #27 of 55 (permalink) Old 02-07-2008, 07:40 PM
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Both older than PTG though
So, has anyone submitted a PTG graphic to Arai for a helmet design?

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post #28 of 55 (permalink) Old 02-07-2008, 08:02 PM
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I'm donating my entire refund to the Manheim whore college fund because a whore is a terrible thing to waste.

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post #29 of 55 (permalink) Old 02-07-2008, 08:03 PM Thread Starter
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Oh shit another thread going south towards ripping on PTG this one should be good. Let the PTG Jokes commence

go time traveler style and go back in time, fuck his grandma, then shoot forward in time and then fuck his mom. Then return back to present state and call him a the product of two incest whores and hes your son and show video of you plowing the both members of his family. .
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post #30 of 55 (permalink) Old 02-07-2008, 08:05 PM
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I work part time, does that mean I will be getting monies?

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