JaredPointer
COME AT ME BRO
Just thought I'd ask you guys how you intend on spending your economic stimulus check. Since it's free money and all, you shouldn't feel guily for splurging. :rofl (And yes, I know that it's not free money.)
Stimulus Incentive Check
- Thread starter JaredPointer
- Start date
cwcad
New Normal
My wife has already spent it in her mind four times. I am not sure what it will go towards but I am sure that I will not have a say at all in what is done with it.:wall:lol2:
Stephan
Mr Detailer
I am having sprinklers put in, so thats going to help pay for some of it...
Stephan
Mr Detailer
true...thats amazing, heres some money, and oh by the way we will have to tax you on that...
JaredPointer
COME AT ME BRO
Not quite. Maybe you should look at this. From the IRS website:
Q. Is my Stimulus Payment taxable?
A. No. You will not owe tax on your payment when you file your 2008 federal income tax return. But you should keep a copy of the IRS letter you receive later this year listing the amount of your payment.
Q. If my Stimulus Payment is not going to affect my 2008 tax refund or increase the tax I owe next year, why is it I need to retain the letter that lists how much I received?
A. In the event you do not qualify for the full amount on your 2007 return but you do on your 2008 return, you will need to have the letter as a record of the amount you previously received. [New 4/11/08]
Q. Will the payment I receive in 2008 reduce my 2008 refund or increase the amount I owe for 2008?
A. No, the Stimulus Payment will not reduce your refund or increase the amount you owe when you file your 2008 return.
For more facts about it go here: Stimulus Payments: Answers to Frequently Asked Questions
Also here: FactCheck.org: Is the economic stimulus payment taxable?
There are certain factors which could reduce deductions on a state to state basis, but I think they are trying to "work those out."
Reddwarf
New member
Since it is intended to be a stimulus to the US economy I feel it should be spent on things made in America. Now darn near everything is made in China or some other country. So I'm thinking American beer and hookers. :lmfao
shineycar
OCD
im with cwcad!!!! 
except i will get a very small percentage to do with what i want.. if i see $100 of it, that will be something.
i just try not to bring it up until the check comes that way there are no plans being made for where to spend it.... :lol2:
except i will get a very small percentage to do with what i want.. if i see $100 of it, that will be something.
i just try not to bring it up until the check comes that way there are no plans being made for where to spend it.... :lol2:
GearHead_1
Long Time Member
Well I'm spending mine on something made in America. I'm putting it in savings until my property taxes are due next November. Pretty boring huh?
rabbi
The Whaler Loves Detail City
I'm putting mine towards a bed.
assout:
assout:
Tex Star Detail
Formerly TexasTB
I am going to buy a bunch of gas and lead based toys and shove them up Bush's ass.
Reddwarf
New member
I think that is a wise decision. Use the Govt money to bay the govt!
TB, I like the way you think. :rockon
JaredPointer
COME AT ME BRO
GearHead_1
Long Time Member
The sad part of it is that the $1200 I will receive will only cover about 1/3 of the property tax here in the thriving metropolis of Salem, Utah (Population 7000 and some odd). :yay
GearHead_1
Long Time Member
I thought that was against the law to do to a fellow Texan.
Tex, it's good to see you posting.
Tex Star Detail
Formerly TexasTB
Bush isn't a Texan, he's a terrorist..... lol
But to answer the OP's post.... My soon to be Ex is getting it...
But to answer the OP's post.... My soon to be Ex is getting it...
Reddwarf
New member
That is a beautiful part of the State if I recall correctly from my drive by many years ago. Along the mountains?
The property taxes here are killer as well and we don't have any scenic mountains!
YNOT
Poorboys Rules!
My wife and I are going to Vegas in November to attend the SEMA show.
We plan to save it until then so we have some extra spending cash!
It's been since the 05 SEMA show that we've been to Vegas after going ever year prior to that...I'm dying to get back to my second home!!!
Thanks Uncle Sam for the extra money that you're going to tax me on anyway!:crazy:
We plan to save it until then so we have some extra spending cash!
It's been since the 05 SEMA show that we've been to Vegas after going ever year prior to that...I'm dying to get back to my second home!!!
Thanks Uncle Sam for the extra money that you're going to tax me on anyway!:crazy:
dr_detail
Beautification Specialist
I like this concept the government is pushing and wish it worked in running my business...
If You're In Debt And You Know It
(to the tune of "Happy & You Know It")
"If you're in debt and ya know it, write a check...
"If you're in debt and ya know it, write a check...
"If you're in debt and ya know it; let the economy really show it...
"If you're in debt and ya know it, just write a check!!!"
If You're In Debt And You Know It
(to the tune of "Happy & You Know It")
"If you're in debt and ya know it, write a check...
"If you're in debt and ya know it, write a check...
"If you're in debt and ya know it; let the economy really show it...
"If you're in debt and ya know it, just write a check!!!"
