michelled's Blog

Welcome to America..Land of Life,,Liberty and the Pursuit of Happiness..And Hell,,IF you're TOO lazy to persue it,,why,,,We'll just GIVE you a FREE ride...LMAO..

It was,,IMHO,, this very SAME approach to the "American Dream" that set into motion the course of events that lead to the Housing BOOM and it's eventual and inevitable Collapse..

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I've read quite a bit about it, but how about someone with 3 wage earners in the household, but I can still claim them as dependents because they are full time college students. They each earn less than the maximum. I need their deductions as dependents. Will the househole income be used to qualify or what they earned? Trust me, college students need it more than anyone.

Michelled - It's all preliminary right now, but from what I've seen so far -

A)You would not get the $300 rebate per child dependent unless they were under the age of 17

B)They would not receive a rebate unless they earned at least $3000 in 2007 income. If they earned at least $3000, they would receive a rebate whether they earned enough to pay taxes or not.

C)Household income for separate filers does not come into play, only tax return info does.

Thanks DEOP for responding. I'm concerned that my parents will be left out of the program when they could really use a helping hand. I was disappointed that no media has addressed it specifically. Weird considering this is a retirement place....

Don't hold your breath DEOP, even though we payed our income taxes over all those years, you will find we are out of the loop; and in the mist of those who have never paid taxes ( Freeloaders)

welshtaff, you're right about seniors out of the loop. Look at taxable social security benefits - since this became taxable in 1984, the income level at which they become taxable has not changed even once. In 1984, 1/2 SS benefits + other income had to exceed $32,000 for SS benefits to be taxable. In 2007, this level is still $32,000. Yet when the politicians lie about tax cuts, they always claim help for the seniors. BS

...Despite my distaste for Huckabee's views and his presidential run, he did say something very Ron Paul-esque last night n the debate, about just who's economy all this will help.

...We have to borrow the money from China for these "rebates," and then Americans will most likely spend this money on Chinese goods at Wal-Mart. How in the heck is that good for the American economy?

...As Paul points out, if we don't actually borrow the money from China, we'd have to just ask the fed reserve to print more out of thin air, debasing the currency further, and plus interest.

...Seems like a lose, lose situation either way. When will people learn that there is no such thing as a "free lunch?"

Notice to taxpayers: "Take the money (whatever amount) and run like a thief." Notice to non taxpayers: Take the money (whatever amount) and remain seated awaiting your next hand-out. Notice to politicians: Take the money (whatever amount) and remain a thief. Notice to retirees: Take the money and reamin paying taxes on your only nest egg.

Hey, this is even better than "to whom according to their need; from whom according to their ability." And all this time we were worried about Karl Marx and Vladimir Lenin.

Not me, I will invest in can goods and lead.