General Question

joshisradd's avatar

what's the deal with this whole. Everybody getting $600 thing?

Asked by joshisradd (238points) February 21st, 2008 from iPhone

is there some catch?

Observing members: 0 Composing members: 0

12 Answers

kevbo's avatar

It will be regarded as taxable income when you file in 2009.

mirza's avatar

Well the reason why the government is giving you a tax break is too boost up the economy and to help the economy avoid a recession. $ 600 can have a huge impact on the economy. For example, you get 600 bucks, you take your family to an olive garden, now olive garden hires a new employee, the new employee pays a down payment on a car, the car dealer buys a house, the housing market gets a boost and so on . Well this might not work at all if people don’t spend the money and instead chose to save it for the future or to pay off debt (like me).

As for the catch itself, I think the government wants you to spend more money. Kevbo might be right about that it might be taxable income when you file in 2009 but I can’t back it up with any substance

gooch's avatar

@ kevbo yes but the tax on $600 is not that much regardless of what tax bracket you are in so it is not a big deal that it is taxable it is still money to spend….so spend spend spend.

SquirrelEStuff's avatar

Make sure you stimulate our economy by spending on services or products that are made in the USA, not China. The idea is to stimulate our economy, not China, and certainly not the American corporations that have moved overseas to get tax breaks and limited labor and environmental regulations.

phoenyx's avatar

I’m going to be anti-american and add it to a savings account.

Randy's avatar

I think I’ll add mine to my “buy myself a mac” fund.

joshisradd's avatar

I agree with the mac fund!!! So we get this when?

gooch's avatar

@joshisradd I hear May is the begining of the lucky mail out

pattyb's avatar

Not everyone will be getting the 600.00
there is a cap, if you earn a certain amount a year.

susanc's avatar

It’s actually a bribe. Look, you’re getting money from the rulers. So stop whining about Iraq, the fact that our government will not admit to its policy of torture, the fact that the current administration has rolled back as many environmental-protection policies and laws as it could, the fact that our children are getting the fortieth-best education in the world, and the plummeting dollar. It’s your job, not theirs, to make the economy work. YOU
MUST GO TO TOYS ‘R’ US OR HOOTERS IMMEDIATELY AND CONSUME A LOT OF POISONOUS CRAP, BECAUSE THAT THE POINT OF YOUR EXISTENCE from the rulers’ point of view.
Yes, all persons in a democracy are equal, but some are more equal than others, and the rulers are already spending plenty of money (yours) as is their job. If you are a patriot, you’ll get it together and do yours, you f***ing proles.

gooch's avatar

@ susanc I like the policy of torturing terrorist. I fought in Desert Storm and think people fight war to win not be friends. I they shot at me so I really wanted to kill them and don’t care what happens to them. Theydid not care about me when they shot at me…. I am just returning the love.

Answer this question

Login

or

Join

to answer.

This question is in the General Section. Responses must be helpful and on-topic.

Your answer will be saved while you login or join.

Have a question? Ask Fluther!

What do you know more about?
or
Knowledge Networking @ Fluther