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I Have One Question...
Where the ***BLEEP*** are the promised IRS rebate checks? They gave us a load of crap about issuing them to your checking account (auto deposit) if you're on file with the IRS and also based on the last two digits of your SOC SEC number (ours, which is 27).
Has anyone gotten theirs?
And it's not gonna stimulate the U.S. economy, methinks. We all have BILLS to pay...past due. No?
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8 comments:
it certainly isn't going to stimulate anything around here but my electric bill.
Are you sure you are getting one? Most people I know are not eligible. -blu
There's no reason I shouldn't. I don't owe the IRS money and they have my checking account number on file. We filed joint and have 2 kids. Why are most people not eligible, blu?
Most single people I know make over 75k and most couples make over 150k - that's the cutoff, I believe. These rebates benefit those who don't live in cities, make lower salaries and have a lower cost of living - hence most professionals in NYC don't get the rebate unfortunately and they would enjoy it as much, or apparently more by some people's negative remarks over money in to pay bills. -blu
$75,000 per single or $150k per couple in income should/could be reduced significantly by tax shelters (i.e. 401k, IRA) not to mention business expenses, kids, childcare, education, mortgage tax and mortgage interest to reduce the taxable income to about 65% of actual. The refund is based on taxable income, certainly not gross. If you look at the income averages, even in NYC, you'd have to be in the top echelon of income, really, not to qualify.
Doreen, I disagree. A single person in corporate NYC between the ages of 30 and 50 - the people I know - at any company I have worked for - makes well over 100k on average. Salaries are not what they used to be in the corporate world though they have tapered off now - and this does not mean they are rich and it certainly does not match the very high cost of living. And the max on the 401k is only $15,500. -blu
Blu, I trust you on that. Must be a challenge to live and work in NYC in that ratrace. Transportation costs and travel times are insane, no? and it's untouchable to live within the city, I'm sure, even for a humble place. The money must not go far. The IRS rebate makes no sense then... it's a flat dollar amount and affects geographic areas differently. The money will go far for some folks and hardly make a difference in other areas.
Exactly my thoughts, Doreen. -blu
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