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04-11-2008, 05:42 PM
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#26
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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Quote:
Originally Posted by usp55
correct me if im wrong but this rebate is not exactly free and clear money; it is to start but come tax season you may end up paying for it.
"While the rebate depends on your 2007 income and tax liability, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes.
Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income."
depending on your finacial situations and taxes for the previous year it may simply be an advance on you potential refund for 08'.
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Where did you get that info??
__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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04-11-2008, 06:07 PM
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#27
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Join Date: Feb 2006
Location: Hamilton, NJ
Posts: 470
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When you get the check depends on the last 2 digits of ur social security number starting with 00 the first week of May.....I will be using mine as part of my downpayment on my pontiac g8 gt but maybe saving $100 of it for AC.... 
__________________
Christine
2013 Hyundai Sonata SE
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04-11-2008, 06:09 PM
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#28
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BadMod
Join Date: Aug 2004
Location: hamilton, nj
Posts: 8,889
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Quote:
Originally Posted by CamaroGirlie
When you get the check depends on the last 2 digits of ur social security number starting with 00 the first week of May.....I will be using mine as part of my downpayment on my pontiac g8 gt but maybe saving $100 of it for AC.... |
guess mine will be late, xx93 
__________________
So much stupid, so little time.
Quote:
Originally Posted by 79CamaroDiva
It started before I drove your car. I just have to look at it the wrong way and your car poops parts.
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Mercerville MotorSports, LLC
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04-11-2008, 06:22 PM
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#29
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Join Date: Jan 2007
Posts: 5,623
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xx38 WHO!!!!! still will take forever to get
__________________
2000 Tahoe Z71 5.7
1982 Z28 Pacecar 305
1999 S10 
Last edited by bubba428; 04-11-2008 at 06:22 PM.
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04-11-2008, 06:38 PM
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#30
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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Let me start off by saying, reading comprehension pwns all of those who said you will be getting 600 or getting at least 600 or whatever
it says you can get up to 600 not at least, not 600 on the dot. it bases how much you get on how much you made last year. there is a calculator on the site to give you a rough idea on how much you will be getting. mine said 342.00 not 600......
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
Last edited by 98tadriver; 04-11-2008 at 06:39 PM.
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04-11-2008, 06:43 PM
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#31
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Join Date: Mar 2008
Location: Shreveport Louisianna Barksdale AFB
Posts: 1,415
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Hey what site did you find that calculator on?
__________________
USAF Jet Propulsion Specialist
 1985 383 Camaro-nothing special I promise 
2000 NBM z28-also nothing special
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04-11-2008, 07:00 PM
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#32
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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i think it was www.irs.gov i have to find the thing that was mailed to me
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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04-11-2008, 08:45 PM
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#33
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Admin.
Join Date: Aug 2005
Location: Hamilton, NJ
Posts: 20,170
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Quote:
Originally Posted by usp55
correct me if im wrong but this rebate is not exactly free and clear money; it is to start but come tax season you may end up paying for it.
"While the rebate depends on your 2007 income and tax liability, it is actually a rebate toward your 2008 taxes. According to the proposed plan, in 2008, taxes would be cut from 10 percent to zero percent on the first $6,000 dollars of taxable income for individual taxpayers.
It's like a one time tax cut for 2008, but you get the rebate now instead of waiting to file your 2008 taxes.
Because this is an advance payment on your 2008 taxes, your refund next year could be more (or less!) depending on your 2008 income."
depending on your finacial situations and taxes for the previous year it may simply be an advance on you potential refund for 08'.
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Quote:
Originally Posted by BonzoHansen
Where did you get that info??
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I'm not seeing that on the IRS site. But I see this:
http://www.irs.gov/newsroom/article/...179181,00.html
Quote:
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.
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__________________
Vent Windows Forever!
The looser the waistband, the deeper the quicksand. Or so I have read.
Feather-light suspension, Konis just couldn't hold. I'm so glad I took a look inside your showroom doors.
Hey everybody, it's good to have you on the Baba-too-da-ba-too-ba-ba-buh-doo-ga-ga-bop-a-dop
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04-11-2008, 09:20 PM
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#34
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Avatar Abuser
Join Date: Aug 2004
Location: 08721-1716
Posts: 5,056
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Quote:
Originally Posted by Savage_Messiah
my roth IRA...
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save for your retirement! if you don't, you will have no money to retire on...
i'm gonna be calling year one when that check gets here. several mini-projects need to get done on the '69, and stimulus money well spent.
__________________
JSFBOA
Save a life.
N = R* fp ne fl fi fc L
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04-11-2008, 10:18 PM
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#35
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Join Date: Sep 2007
Location: Poconos, PA
Posts: 606
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$600 means a UMI torque arm or road race k member..... maybe get teh wheels redipped. Too many choices. Mine's coming may 02 direct deposit
__________________
'96 Z28 Vert M6 - UMI LCA's,UMI SFC's,BMR Panhard rod(soon to be UMI),UMI Short Shifter,Custom clutch, SLP CAI, SLP Strut Brace, Skip Shift Elim, MagnaFlow Catback,160 stat, Tb bypass, Air Foil ,prothane motor mounts & tranny mount, Stainless Radiator Shroud, Hooker headers with magnaflow hiflo cats, brand spanking new tranny, Umi torque arm , C5 brakes all 4 corners .
Soon to come... New paint , and glass .
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04-12-2008, 01:58 AM
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#36
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12 Second Club
Join Date: Aug 2004
Location: West Milford
Posts: 8,373
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YES I GET 600, according to the calculator lol
__________________
88 Camaro
95 Impala SS
97 Trans Am WS6
98 Blazer ZR2
00 Corvette
04 CTS-V
04 Grand Cherokee
06 GMC Sierra
07 Sublime Charger Daytona
12 Tahoe LT
17 Malibu LT
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04-12-2008, 02:11 AM
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#37
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Join Date: Oct 2007
Location: Sewell, NJ
Posts: 1,044
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Quote:
Originally Posted by BonzoHansen
Where did you get that info??
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http://www.whitehouse.gov/news/relea...0080124-4.html
it was on there somewhere. Its worded in a way that it can have several interpretations.
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04-12-2008, 08:14 AM
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#38
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Banned Camp Director Emeritus
Join Date: Aug 2004
Location: Somerset County
Posts: 8,395
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Quote:
Originally Posted by cbrrmike
guess mine will be late, xx93 |
not as late as me. xx99 
__________________
Quote:
Originally Posted by baddest434
and 1 more smart ass answer by you and i'm going to reach into this monitor and grab you by the throat
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04-12-2008, 08:16 AM
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#39
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Join Date: Oct 2004
Location: Clifton, NJ
Posts: 295
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Quote:
Originally Posted by 98tadriver
Let me start off by saying, reading comprehension pwns all of those who said you will be getting 600 or getting at least 600 or whatever
it says you can get up to 600 not at least, not 600 on the dot. it bases how much you get on how much you made last year. there is a calculator on the site to give you a rough idea on how much you will be getting. mine said 342.00 not 600......
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that's exactly what i was gonna say...we're all getting 50 bucks, although the calculator says i'm getting the full 600
__________________
1999 Black Z28 with go fast stuff
Last edited by iamsickofitall; 04-12-2008 at 08:22 AM.
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04-12-2008, 08:19 AM
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#40
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Join Date: Jun 2007
Location: Arm pit of the world... NJ
Posts: 2,677
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Well, if we get the max I'll put $900 in each of my kids college plans.
__________________
John
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04-12-2008, 08:42 PM
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#41
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Calculator is here: http://www.irs.gov/app/espc/
- Justin
__________________
1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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