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So, about these economic stimulus rebate thingies...

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ChadTower:
There are other limits below which you don't get a rebate.  If you only owe $500 you may fall below that limit.  The limits are all stated in the article you quoted.  That lower limit is really low, though.  We're talking high school kid low.

SavannahLion:

--- Quote from: ChadTower on February 14, 2008, 09:00:43 pm ---There are other limits below which you don't get a rebate.  If you only owe $500 you may fall below that limit.  The limits are all stated in the article you quoted.  That lower limit is really low, though.  We're talking high school kid low.

--- End quote ---

Like this?


--- Quote ---Most workers will have a net tax liability well above $600, so they'll get the maximum individual rebate amount. But if your tax liability is less, then that will be the amount of your rebate check.

--- End quote ---

boykster:
well, that's a change from the initial proposal; the initial version even people who paid ZERO tax would get the payment.....

ChadTower:

--- Quote from: SavannahLion on February 14, 2008, 11:38:39 pm ---Like this?

--- End quote ---

Yes.  Keep in mind that people who make under a certain limit have no tax liability.  That level of income is a part time service worker, though. 

boykster, it was like the third revision that gave ZERO liability people a payment.  It wasn't until the Democrats got their input.  Bush's initial version had much higher limits on who got it and who didn't.  The Democrats pushed to get it for everyone no matter what... the compromise was that exceptions were made for certain people like seniors.

shardian:
The one thing I'm still not clear on is the $300 child tax credit. Assume the following example:

A married couple makes a combined $185000. That means they would not get the $1200 rebate. However, they have 4 kids. They still have a max. rebate of $1600, so would they still get the $300 per kid? That is not explained anywhere that I have researched.

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