Figured out where you're going to spend an extra 800 cash yet?
If you're a taxpayer (filing taxes) and you're income isn't too high, expect an extra 800 I think it will be around May before we get it. Have you asked your favorite dancer where she's going to spend it? I mentioned this information to a dancer and she never heard about it.Got something to say?
Start your own discussion
37 comments
Yeah, mr president, show me the money.
Apparently we have to see it to believe it.
Then all the complaining and griping will come from those that didn't get any.
Likely, I will spend it wherever I would have, before the government confiscated, it in the first place!
Does the $800 just come out of my already questionable future Social Security benefits, or some other magical source in the Federal government?
There is only one "source in the Federal government", a taxpayer! And by this time, if you don't know how the government can bring in greater revenue, then you're very young or have not been paying attention.
Or you could fantasize, we like strip clubs so that might be good. You could imagine there is a big Social Security trust fund the government has been saving up all these years it has been in surplus, saving up for the day and years ahead when the baby boomers retire and money will need to be withdrawn from it. Ahh, that sucks too bad, our congressmen already spent it all, it's just another tax in disguise. The words trust fund when talking about social security is a joke.
The best one I thought of, Uncle Sam tells the Chinese, "just put it on my tab!"
Well I did read the other day, if one of China's best customers stops buying (the US), their economy and stock market should take a major hit. I think they just thought the Chinese stock market is in a bubble with super high PE ratios kind of like internet stocks long ago.
Anyway, the tentative stimulus package is now in place -- and it looks like a single guy like me is going to get only between 300 and 600 dollars. Let me revise my previous statement to say that should pay my health insurance for the spring.
The Chinese aren't coming BTW I don't think. I don't know the percentages of American national debt or other kinds of debt that the Chinese hold though.
If the federal government really wanted Americans to increase savings, they could set up an alternate to the Roth IRA and let you save money that was tax deductible without income limits and let you withdraw the original funds without any extra penalties if you decided you needed them for whatever reason. Then, they could let your earnings in that account grow tax free with your only tax penalty being the tax owed on the original contributions. If you already paid tax on the money, you get a refund when you file, payable later when you withdraw the original contributions. I doubt this will ever happen, the federal government trying to increase the savings of Americans, haha.
Romney actually has an interesting plan to encourage people to save more money...I just don't know how he'd pay for it is all. I always get annoyed when I have to pay taxes on income that I've decided to save (that I've already paid taxes on once)...the idea that they can't let us "earn" the piddly amount of interest that we can get in a lot of accounts is pretty sad IMO.
I'll probably spend it on a kayak. I've always wanted to take up kayaking.
I don't mind getting money from the government, however if they just let me keep more of my money to start with, I would have more to spend.
I think if there's a program that's worth spending money on...it's worth finding a funding resource for that program Pay-as-you-go...Democrats are for it...Republicans aren't...just look at the track record.
By the way, some Founding Fathers were indeed successful urban merchants who wanted low government restrictions and low taxation, and that was their prime motivation for being willing to risk rebellion. But some others were legal scholars, slave holders (it doesn't GET any more toward "imposing on civil liberties by means of big government" than allowing certain humans to hold other humans hostage as part of the "economic" system), etc. It's a bit of a misrepresentation, to suggest that the USA was founded solely or primarily in order to get a more laissez-faire free market system for shopkeepers in Boston. That's just one piece of the puzzle.
http://www.washingtonpost.com/wp-dyn/con…
http://en.wikipedia.org/wiki/PAYGO