What Will YOU Do With Your Portion of the Stimulus Bill - $13 per Week ?

[K Gardner]

Well, I'm really upset I have to wait until June to start receiving my $13/week. But I guess that gives me plenty of time to figure out how I'll spend it. So much deciding to do !

I guess a $13 extra in the paycheck doesn't help those people who aren't receiving paychecks tho.

And there's the $400 tax credit. I'm all giddy about that, too.

Thank god for the Republicans forcing these tax cuts into the package ! I can already see a light at the end of the tunnel once all this money starts flowing my way.

(I'm sorry to be sarcastic. I know there are lots of people who will be helped, even by small amounts of money, but if this is ALL there is to the Tax Cuts the Republicans have been screaming about.. are you freakin KIDDING ME?! This is it? )

[stillcool]

1. Pizza!! Or the electric bill.

[Donnachaidh]

2. Tossing coins from their limousines

For the trash they don't want to help. Hoping it will shut the mob up. :puke:

[Tierra_y_Libertad]

3. Spend! Buy! Save 'Murka! Oh, wait, isn't that what got us into this mess?

[ixion]

4. the lion's share goes to the beltway insiders... as usual, we get

the leftovers. :grr:

[sandnsea]

5. These are Obama's tax cuts

And $52 a month will pay the phone bill.

[Beetwasher]

14. That'll Buy Milk For The Kids For A Month Too

Well, unless you have octuplets.

Yeah, it's not a tremendous amount of money, but it will go to those who really need and WILL use it. And there may be more coming in subsequent legislation.

[L0oniX]

6. Buy another box of 9 mm.

[KatieW]

7. Isn't the $400 tax credit the $13 a week extra in our paycheck? Or do we get a $400 check too?

[K Gardner]

8. I really don't know.. they've been talking about it on the news this morning like

they were separate, but someone with more financial zen that I have will have to figure it out.

[sandnsea]

17. There's a child tax credit too

So some people will get that next year too, at least I think it's next year. Some will start getting money in their paycheck, like they do with EIC. Others may elect to get a refund next year I imagine.

Here's the original bunch of tax cuts, they weren't changed all that much.

http://www.obama-mamas.com/stimulus-tax-cuts.htm

[customerserviceguy]

24. Child tax credit???!!

I guess that's how Octopussy is gonna get by this year.

[Jennicut]

37. I get $2000 a year from having the child tax credit

"Octopussy"....LOL She will get $8000. Nice, huh?

[ozu]

9. That's like half my coffee budget. Score!

[sandnsea]

19. Coffee is $5.99 a can

So one month of this tax cut will buy me coffee for a whole year!

[Jennicut]

10. The extra money will help my husband and me

With a 3 and 4 year old both in preschool, its getting tight paying for their school bills, clothes, shoes, etc. I don't work but am going back to school to be a preschool teacher. Putting the girls in daycare would cost more then what I would make part time and really, kids should not be in day care all day. I am looking for part time night work like simple retail but part time jobs are all taken by people who had full time ones. There is nothing right now. There are days were we scrounge around for quarters to pay for $5 worth of gas (thankfully its not as expensive anymore. I know it seems like nothing to some but to people like me (or who are in way more dire straights) it means something.

[K Gardner]

13. I'm glad you posted that.. as I said, I do apologize for the sarcasm, and I know

$50/month will help a LOT of people. I just somehow thought it would be more substantial.

Hope things work out for you and the kids, Jenn. :hug:

[Jennicut]

20. Thanks!

I will start student teaching soon and hopefully have a teaching job by the time the girls are in Kindergarten and 1st grade. I guess I could not have stayed home with the kids but I think they benefited from it big time. Its a tough choice for many people. I have worked part time jobs off and on for the last 4 years but I really want to be a teacher and actually start earning some better money. :)

[shadowknows69]

11. I'll be putting a new wing on our cardboard box.

Can't wait.

[sinkingfeeling]

12. That's the amount I got from the 'Great Bush Tax Cuts of 2001'. I don't qualify for any of the 'new'

stuff. Didn't qualify for the tax 'Rebate of 2008' either.

[xchrom]

15. money for school infrastucture -- high speed rail --

shit more money for amtrak period.

i'm not getting enough from this tax cut to stimulate me.

[kentuck]

16. More trickle down ??

What happened to the theory about putting money at the bottom and letting it trickle up?

[JustABozoOnThisBus]

18. $13 a month? I'm filling my bong

Yo! Stimulus this!

:rofl:

[sandnsea]

21. A week

So yeah, I hope $52 a month is your pot budget.

[JustABozoOnThisBus]

39. Some days I feel like George Bush

He didn't know how much a gallon of milk costs.

I don't know how much a lid of grass costs. Or if there still are "lids" as an official measurement.

I feel culturally ignorant. But as I approach retirement age ...
:party:

[CoffeeCat]

22. So, are we getting checks...again?W

I'm failing to understand how this will work.

I read that for each income earner, working and making less than 70k--you get money. What if one person
makes more than 70k and the other isn't working?

[sandnsea]

26. They won't notice $13 anyway n/t

[CoffeeCat]

30. Well, they'd notice one lump sum...

...isn't it $400 per income earner in the HH?

What about if you lost your job and you have no income?

[sandnsea]

32. What about if you use this new invention

called the internet - and find the answers to your nitpicking crap yourself.

[CoffeeCat]

35. Wow, you're rude...

They were questions that I wasn't demanding answers to. I'm just making conversation
and throwing stuff out there.

No need to be so ugly. And bitter.

[jmg257]

36. From what I could tell, eligible earners will see more money in their checks once

the tax tables are adjusted in the spring - this would amount to about $13/week for the rest of this year (2009 income), and about $7.70 per week next year (2010 income).

The credits come into effect if a person or couple makes less then the minimum federal taxable income amount, once the $400/$800 credit is taken into account - they actually can get money back by filing a tax return next year.


From an article:
http://news.yahoo.com/s/ap/congress_stimulus
"The $500-per-worker credit for lower- and middle-income taxpayers that Obama outlined during his presidential campaign was scaled back to $400 during bargaining by the Democratic-controlled Congress and White House. Couples would receive $800 instead of $1,000. Over two years, that move would pump about $25 billion less into the economy than had been previously planned.

Officials estimated it would mean about $13 a week more in people's paychecks this year when withholding tables are adjusted in late spring. Next year, the measure could yield workers about $8 a week. Critics say that's unlikely to do much to boost consumption.

"The most highly touted tax cut in the original proposal now translates into $7.70 a week for middle-class workers," said Senate GOP Leader Mitch McConnell of Kentucky."


edit:
Then there is this:

"New tax credit

Approximately $115 billion for a $400 per-worker, $800 per-couple tax credits in 2009 and 2010. For the last half of 2009, workers could expect to see perhaps $13 a week less withheld from their paychecks starting around June. Millions of Americans who don't make enough money to pay federal income taxes could file returns next year and receive checks. Individuals making more than $75,000 and couples making more than $150,000 would receive reduced amounts."

[stray cat]

23. Spend it just like its expected we will do - its not enough to save and saving would be bad

[cherokeeprogressive]

25. I'll go from Corona to Heineken. n/t

[customerserviceguy]

27. If they wait until June

that $13 a week will probably just be going into gas tanks. I've noticed quite a rise in the price of a fill up over the last month or so. If it continues, by June, we should be up to an average price of at least $2.50 a gallon in the US.

With the national average being about $1.95 today, if you use 23 gallons of gas a week, you'll break even.

[K Gardner]

29. I noticed that, too. Gas was "low" long enough to stimulate lots of people to buy SUVs at

"bargain" prices. By June, they won't be able to fill the gas tanks.

[hfojvt]

28. well the Republicans wanted much more in tax cuts

especially for high earners, and don't forget the AMT "relief" that they are giving to people making as much as $1 million. I guess that even though only 1.5% of households make over $250,000 a year those people making $600,000 or $900,000 are still "middle class" and so they should not have to pay the AMT, which was meant for rich people. :sarcasm:

Plus, why are they waiting until June?

[jmg257]

31. I thought these cuts were part of Obama's "tax cuts for 95%" promise?

[jmg257]

33. Pay my higher state taxes. nt

[Name removed]

34. Deleted message

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[Dervill Crow]

38. Pay my bills. nt