What will you do with your stimulus money from Bush?

[CoffeeCat]

Our family just received a letter from the IRS which details that we will receive $1,800 from the
government ($600 per adult, plus $300 for each child). In an effort to "stimulate the economy", we're
all getting checks.

I was wondering if people are willing to share what you will do with this money.

What are your plans.

Bush is hoping that we will all run out and by big-screen televisions, leather couches, more Pottery
Barn, or maybe use it for a down payment on larger purchases like automobiles.

My husband and I both agreed that this $1,800 will not see the light of day. It's going into savings.

I suspect that George Bush's "big-screen" theory is wrong. People will use that money to pay down
credit-card debt and other debts. They'll sock it away. The mindset out there is just a bit
different now. People are scared. The economy is in recession.

If anyone is willing to share, what will you be doing with your check from the IRS?

[saltpoint]

1. We're going to buy cookies with ours.

We like cookies.

[CoffeeCat]

13. Store bought or

from a bakery?

[saltpoint]

35. LOL! Both. These Bush fall-out checks have put us in Cookie Paradise!

[napi21]

2. Pay past due medical bills from hubby's ER trip! n/t

[skooooo]

7. gotta sympathise there....

Hope the $$ makes a difference for you.

[napi21]

44. Oh, for sure it will help. We should get $1,200 and the bills total

$1,985. Damn copays!

[bicentennial_baby]

3. Savings Account, since it's really more of a loan than anything

[jody]

4. Give it to the Democratic Party. n/t

[skooooo]

5. pay off debt

[williesgirl]

6. Pay bills, buy gas!

[swag]

8. Replace our hot water heater.

[CTyankee]

56. You really ARE helping the economy. You are buying a product

and paying someone to install it (unless you can do it yourself).

Spouse and I have agreed to put ours in a household account dedicated to replacement/repair/maintenance of items in our house. I expect my dishwasher and/or my clothes washer to die any time now. Having alittle cushion in a separate bank account makes us feel better and keeps us from arguing over what to do with it. We both agree we need to keep the house in good shape and to have certain appliances (tho not top of the line).

[tachyon]

75. I'd rather get a new cold water heater. (Why do you need to heat hot water?)

:evilgrin:

[leftofcool]

9. saving it

to pay next year's taxes

[baldguy]

10. Save it

I'm a bad American.

[China_cat]

11. I seriously doubt we'll get any

but if we do it'll just go to paying what we owe in taxes over and above what's being withheld. (Making less money but owing more to the gov't...thank you alternative minimum tax)

[MNDemNY]

12. Half hour with a whore.

[CoffeeCat]

20. I see you're from NY...

Elliot is that you?

[MNDemNY]

21. Umm....no, damn....

[stray cat]

14. Not getting anything but if I was it would go in the bank

[Raven]

15. I'm dropping it in my "F-ck George W. Bush" Savings Account. n/t

[Cha]

77. That's what said when I got the letter..

"Oh good, I can pay down credit cards and Fuck you very much, george w bush.

[shraby]

16. It's going under the mattress...that is

if we get one. Haven't received a letter and we're both senior citizens.

[MercutioATC]

17. I won't be getting any...

...if I did, I would do what I'm doing with the rest of my income, paying off all debt, stocking at least 3 months of food and household supplies, and increasing my rainy-day cash stockpile.

No plasma TVs for me...

[Cooley Hurd]

18. Buying a gallon of milk and a gallon of gas...

...that pretty much eats it up.;)

[graywarrior]

19. Donate it to MoveOn or some other liberal group in George's name

[TheFarseer]

22. Probably put it in the bank

although I was already planning on getting a new TV sometime in the near future before that whole HD switchover, and I'm trying to justify buying a new car - mine runs just fine and it seems wrong to spend the money.

[lumberjack_jeff]

23. Pay taxes. So much for stimulus.

Most moronic fucking plan ever.

To pay my taxes for me, the government is borrowing money which further depresses the value of our currency, making oil more expensive, thus making my life more miserable and making me less inclined to purchase anything I don't absolutely need.

Dumbasses. I don't need an economics degree from the University of Chicago to know that this government is run by idiots.

[FirstLight]

24. Buying survival supplies & gear... n/t

[Breeze54]

25. You'll all be claiming it as income in 2009.

:eyes:

[bicentennial_baby]

27. Bingo

[Breeze54]

31. The right hand gives and the left hand takes it away.

:P

[bicentennial_baby]

33. Ha!

Yeah, I'm putting it in the bank. I'm not falling for it.

:hi:

[Clovis Sangrail]

26. buy crack

This money needs to trickle down to the elements of society that aren't getting checks, so I'm going to go buy crack.
Either that or hire some prostitutes to sit on my porch and annoy the neighbors.

I haven't quite made up my mind yet.

[scarletwoman]

28. It will go straight into my savings account -- I'm going to consider it untouchable money.

I have some ER/hospital bills, too, but I'm going to pay them out of my regular income just as I would be doing if there were no "stimulus" check.

I'm already putting away as much as I can into savings; I want as big a cushion as I can build up against what's coming down the line economically in this country.

sw

[maddiejoan]

29. Help with my rent that month

[Bluzmann57]

30. "I'm gonna drink a lot of beer and stay out all night".

In actuality, I'm looking around at a couple of investment possibilities. Yep, I'm a shameless capitalist. I like any money I recieve to make more money. I'd really like to retire someday. And investing is a means toward that end.

[Lasher]

32. Pay taxes.

I worked as a consultant a little last year and made about $3,700. Now I have to pay taxes on that income. I think our $1,200 stimulus money will just about cover it.

If it weren't for that I would pay off other debt.

[Breeze54]

34. Then next year you'll pay taxes on that $1,200

:(

[Lasher]

50. Yep.

I'm not one to complain about paying my fair share of taxes. But that's not happening, rich people are getting a pass. And I would feel a little better if our tax dollars were being used more on social services and less on endless war & bailing out Stern Bear.

[yellerpup]

36. Pay myself back for the tax check I have to write in April.

I made less than $422 on a temp job last year and once that was combined with Mr. Pup's statement, I have to give back $324 of it! Anything above that will finish off the credit cards. They were on schedule to be gone by June, but I'll retire them a little ahead of schedule. Anything left after that: savings!

[NEOhiodemocrat]

37. I am thinking new pressure canner

and the rest will go for the college bills of our two youngest who are still in school. So that won't last long here.

[madokie]

38. I say use it as you would money that you are paying interest on

it'll be a long time if ever the principle on that money will be paid. Yes interest will be paid on that money by us for years to come. Or thats how I see it anyway.

[El Pinko]

39. Car repairs.

I'm in the process of buying a used car that needs a new timeing belt, engine mounts and a head gasket.

(It's actually a good deal, figuring the cost of the repairs plus the SONG I'm getting it for...)

[mondo joe]

40. I'm thinking half into debt retirement, half donated to Chimp Eden. NT

[Lex]

41. goes right into my Money Market Account at my state credit union. n/t

[OmmmSweetOmmm]

42. Treat myself to a movie and then use the rest to pay bills.

[Historic NY]

43. pay my tax bill or buy fuel.

[frazzled]

45. Pay the deductibles we incurred on our health insurance

Over the last couple of months, both mr. frazzled and myself had to visit doctors for the first time in over a year. I was ordered foot x-rays, and he had to get an echo-cardiogram. Since our deductible is $500 per person or $1000 per family, we racked up that large bill easily (the x-rays were over $700, the heart test over $1700). We will use the proposed stimulus money to pay off those deductible charges.

That will leave us $200 from the stimulus. We just had to pay a plumber $300 to fix a leak in the shower. I guess that leaves us a total of a hundred bucks in the hole. So we won't go out to dinner or buy a new spring outfit. Final impact on economy: negative.

[midnight armadillo]

46. Pay medical bills

Fuck you, Harvard-Pilgrim HMO and your stingy ways.

[ThomWV]

47. Just a reminder: This isn't comming from Bush, its your tax dollars being misused

as a tool of propoganda.

[Canadiana]

48. The fact that you have medical bills is immoral.

What a pile of shit. Between the Iraq occupation and Bush's tax cut and this dumb "stimulus" money couldn't the United States provide universal health care about 3x over??? Or would that be too logical and helpful?? I believe that Bush et al. are actually evil...I've said before that the Health Care system is a perfect storm of American Oppression and one of the biggest scams to be pulled on the citizens of the United States. It combines making HUGE profits with keeping people physically unhealthy and constantly afraid/nervous. Subjugation at it's finest.

[IsItJustMe]

49. Pay bills, what else?

[Throd]

51. Buy new rims and tires for my car

Should come to about $1000

[cordelia]

52. Pay down credit card debt

[uppityperson]

53. Depends. Medical/dental bills or cash it into $5 /10/20 bills and put under mattress

so to speak. Or else buy seeds for the garden, chickens for the coop, and a bunch of durable food to store, along with a stockpile of needed medicines.

[Breeze54]

54. If I do get a check, I'm donating some to the local food pantry. n/t

[Johnny Noshoes]

55. Question...

Is this like that "rebate" we got during the Idiots first term? In other words its just an advance on next years tax refund for those who get one - like me - or you'll owe whatever you owe plus this check. So if I were to say get an $850 refund next year it would be $600 less because of this "rebate"?

[CTyankee]

57. I asked my accountant that question and he said "no."

IT is above and beyond, a special one time deal.

[Breeze54]

59. Wrong. Look it up. You will have to claim it next year. n/t

[dems_rightnow]

67. That's not true. You look it up.

Quit giving misinformation. It's a stupid idea, and done only for Bush's political gain. I'm not even going to cash mine. But it's NOT taxable, quit telling people it is. And it's not an early refund of next year's taxes.

"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. In the event you do not qualify for the full amount this year but you do next year, you will need to have the letter as a record of the amount you previously received.

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."

[Breeze54]

62. Economic Stimulus Payments Information Center - FAQ

http://www.irs.gov/newsroom/article/0,,id=177937,00.html#Low

[goodgd_yall]

68. I found the answer to a question here

I won't be receiving anything---it goes to paying off money I owe to the IRS. That's fine with me.

[SalmonChantedEvening]

58. Mebbe these...

[Buns_of_Fire]

70. Damn. My uncontrollable drooling just shorted out my keyboard...

[SalmonChantedEvening]

74. I've been putting this off and off again for over a year now.

I have no space for them, save at work and that would be only temporary.

But I know where they are. And, I'm beginning to think my playing is ready for them, my mechanics are as good as they've been in 20+ years. And I'm having a ball when I sit down. :)

That last sentence is why I started drumming again. When it becomes something besides playing and enjoying it, the sticks sit until I unscrew my head, remember what a joy this gift/talent/blessing is, and sit back down and play again.

:hi: :pals:

[WillowTree]

60. Assuming I get one...

....I'll probably use part of it to pay the co-payment on some expensive dental work I'm having done. Once I get it back from my FSA, I don't know what I'll do with it.

But that's an assumption and I've never found it to be a good idea to spend money, even mentally, until it's in my hot little fist. So I'll see what feels most prudent if and when the check comes. Until that happens, it ain't in my budget.

[Ghost in the Machine]

61. I won't be getting one because I owned a business and was self employed

even though I lost my ass and had to shut down the business...

Soooo......

If anybody doesn't want theirs, I'll be more than happy to take it off your hands for you... :evilgrin:

[Breeze54]

63. Information for people who receive a wages, salary, tips, etc. or who are self-employed

http://www.irs.gov/newsroom/article/0,,id=179699,00.html

Economic Stimulus Payments Information Center

http://www.irs.gov/newsroom/article/0,,id=177937,00.html#Low

[Ghost in the Machine]

73. Thanks for the links... but I'm still unsure... I never paid myself a paycheck

I ran my business as a sole propriertorship, but I never paid myself. All I did was dump money into the place, it seemed like. I have never worried about taxes in my adult life. One of my aunts was an executive director for H&R Block and after working there for 28 years, she opened her own place with her daughter. All I have EVER done is send her my W-2's every year and say "wave your magic wand", and she would get me money back.

My mother and my cousin have been taking care of all the tax stuff, all I know is that I did close to $300,000 in sales, but after all expenses, it still wiped me out personally. I lost money. Big time. I don't OWE any taxes, but I'm not getting any back, either.... I don't know what it is, but when I start reading tax code stuff, my eyes just glaze over and my brain fogs up.

Maybe I will get something, who knows... it would be nice, and could be put to good use.

Thanks again for the links...

PEACE!

Ghost

[Initech]

64. Buy lots and lots of beer.

:beer:

[OmahaBlueDog]

65. Pay my property taxes

[goodgd_yall]

66. Stick most of it in the bank

Some will go to medical costs.

[emilyg]

69. Pay bills.

[hyphenate]

71. I doubt I will be getting

anything. I live on disability now, and as such, I don't "contribute" to society. So the poorest of the poor once again are ignored.

However, $600 would allow me to get a laptop so when I'm unable to stay at the main computer for a length of time, I can have something to use in the bedroom. But it's not going to happen anytime soon, as far as I know.

[lame54]

72. Convert it to Euros

[Cha]

76. I'm doing what your number one suspicion is...

paying down my credit cards. That's going to be really exciting for me.

Certainly nothing material or entertaining planned.

[Kazak]

78. We're going to California in June...

I imagine we'll have a little extra spending money for the trip. :shrug:

[strategery blunder]

79. I won't get a stimulus payment.

2007 was my senior year in college. After graduation, I moved to Washington to help my grandmother, who had just been diagnosed with Parkinsons. I did not enter the workforce until December; she fell and was hospitalized so I stopped looking for work in January to help her recover. I started looking again in mid-February and am still unemployed.

No stimulus check for me, but if I did get one, it'd be going to pay down credit cards.

[Harry Monroe]

80. Donate it to ImpeachBush.org

[TransitJohn]

81. Ammunition n/t

eom